The Group is continually evolving with sustainable growth. Over the years there has been ongoing coordinated efforts between our R&D centers and our sales force, highlighting the synergies of recently acquired companies. These efforts enable ENVEA to enter new markets and develop applications that fit with our current product lines and goals.
With one year advance on its objectives, the Group closed the year 2019 at more than 100 million euros in consolidated revenue, representing an increase of 9.6% to € 100.4 million, with exchange rate effects having a negative impact of € 0.9 million (-1%), representing organic growth at constant exchange rates of 10.6% (€ 101.3 million). In 2020, the negative impact of the pandemic on its activities was confirmed, with revenue decreasing by 19.9% compared to 2019 (-19% at constant exchange rates). The currency effect of -0.9% mainly reflects the depreciation of the Indian rupee (-4.8%) and the Chinese yuan (-2.1%)