Vértice 360 ​​shareholders support the management of the Board of Directors

The Shareholders' Meeting of the Vértice 360 ​​group has approved the results and balance sheet for 2010. The company obtained revenues of 111.3 million euros. The gross operating result was 17.5 million, 2.7% more than in 2009.

Vértice 360º held its Ordinary General Meeting this Wednesday with a quorum of 68.4% of the share capital. The shareholders have approved the individual and consolidated annual accounts, as well as the management report for 2010. In said period, the company obtained revenues of 111.3 million euros. The gross operating result was 17.5 million, 2.7% more than in 2009. Furthermore, the company closed 2010 with a net profit of 0.7 million euros, compared to losses of 18.2 million in the previous year.

In this way, all the main magnitudes of the income statement improved compared to 2009, a fact that occurred for the first time since the Group was founded in 2007. In addition, Vértice 360 ​​placed all profitability margins in positive and significantly increased cash generation, in addition to leaving the red numbers behind after closing with positive net profit.

José María Irisarri, president of Vértice 360, stated in his appearance before the shareholders that "the 2010 financial year has been a turning point in the trajectory of our company. We incorporated Lavinia within our corporate perimeter, an operation that multiplies our size and allows us to incorporate and offer new lines of business to the product portfolio, such as interactive applications and the comprehensive provision of content for any distribution medium or screen. In addition, Lavinia helps us extend our activities internationally in Europe and America, one of the strategic priorities of Vértice 360.”

Looking to the future, José María Irisarri added: "In the first quarter of the year, revenues have grown by 33% and gross operating profit by 3%, both magnitudes increasing in line with the Group's budget. Now our challenge is to be more efficient and profitable in future periods. Vértice 360 ​​has laid the foundations for a project with great growth potential and I am sure that the company will meet the objectives announced to the market last April."

Appointment and ratification of new directors

The Shareholders' Meeting has appointed Juan Ignacio García Esteban as the new director of the company. In addition, it has ratified the appointment of Fernando González as a director representing the Ezentis Group, which was agreed by co-option in the board of directors held on March 30. The new members of the Board of Directors have extensive professional careers and recognized experience and value in the financial world. Following the ratification of these appointments, the Council is currently made up of 13 people.