Vértice earns 75% less in 2020, but multiplies revenue and ebitda by more than two

Vertex 360º recorded an attributable profit of 3.3 million euros in 2020, a figure 75.3% lower than that of 2019, as reported by the company this Monday, which has specified that last year’s profit is more than six times higher than that of 2019 if the reversal of the deterioration of the catalog made in that year is discounted.

The company’s gross operating profit (Ebitda) more than doubled in 2020, reaching 4.7 million euros, while the net operating profit (Ebit) stood at 3.6 million, 66 % less than in 2019.

Vértice’s revenue almost tripled in the year, going from 10.7 million euros obtained in 2019 to more than 32 million in 2020.

The company has proposed to its shareholders to change its name to Squirrel Media, a new name that occurs after last year its main shareholder, Squirrel Capital, took control of more than 90% of the company’s shareholders after integrating your media affiliate.

The company will hold its general shareholders meeting on March 25 at the first call, in which the name change will be approved.

Squirrel Capital currently owns 92.62 of the capital of Vértice after last October it subscribed the entire capital increase of 220.5 million euros within the framework of the integration of certain companies and assets of the areas of advertising, e-commerce, radio, television and other accessory services of the Squirrel Group.

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