SQUIRREL MEDIA SA

EthiFinance Ratings assigns for the first time a "BBB-" rating with a Stable outlook to Squirrel Media. The company is a technology group located within the Media and Entertainment sector that focuses its activity on four main business sectors, advertising, content, media and technology (TMT). Since 2020, with the integration that the group had in Vértice 360, they are developing an expansion strategy that is favourable to a more operationally and geographically diversified activity. The group had an average workforce of 177 employees in 2022, having achieved sales and EBITDA of € 80MM and € 13.5MM respectively, with an NFD/EBITDA ratio in controlled values of 2.4x (+1.1x compared to 2021).