Welcome!

News Feed Item

EBITDA of Estacio reaches R$ 67.8 million in 3Q12, an increase of 43.4% and margin gain of 3 p.p.

Other highlight is the growth in Net Profits of 28.0% for the period, reaching R$ 39.8 million

SAO PAULO, Nov. 9, 2012 /PRNewswire/ -- Estacio Participacoes S.A. – "Estacio" or the "Company" (BM&FBovespa: ESTC3; Bloomberg: ESTC3.BZ; Reuters: ESTC3.SA; OTC: ECPCY), one of the largest private organizations of higher education in Brazil in terms of the number of enrolled students, has reported its results for the third quarter of 2012 (3Q12) in comparison with the same period for the previous year (3Q11).

Estacio has closed the third quarter of 2012 with a total base of 284,400 students, a growth of 14.8% in relation to the same period of the previous year. Of these 284,400 students, 231,100 are enrolled  for on campus-programs, and 53,300 in distance learning programs.

The record intake of students for the 5th time in a row came to 74,800 new on campus and distance learning undergraduate students in the 3rd quarter, an increase of 21.6% in relation to the same period of the previous year.

At the end of 3Q12, the base of on-campus students at Estacio totaled 218,600 students, 11.0% more than the same period of the previous year. From a same-shops point of view (that is, without taking into account acquisitions for this year), growth was 8.7%. The base of distance learning undergraduate students grew 38.5% over the same period of the previous year, for a total of 51,800 students.

At the close of the 3rd quarter of 2012, the base of students at  Estacio with FIES support '(Student Financing Fund') from the federal government came to 39,500 students, which represents a total of 18.1% of the overall base of on-campus undergraduate students.

Net operating revenues added up to R$349.6 million, an increase of 21.3% in relation to the same period of the previous year, as a result of growth in the students base and the increase in the average ticket for the period.

In 3Q12, EBITDA totaled R$67.8 million, 43.3% above the result for 3Q11, with an EBITDA margin of 19.4%, showing a gain of 3.0 percentage points compared to the year before, chiefly due to improved management of costs and expenses, along with growth of 21.3% in net revenue.

In the third quarter of 2012, net profits came to R$39.8 million, an increase of 28.0% over the same period of the previous year, mostly as a result of the 43.3% increase in EBITDA, which offset the increase in financial expenditures as a result of debt service contracted over the course of 2011. With this, Profit per Share went up from R$0.38 to R$0.48, representing a 28% increase over the 3rd quarter of 2011, reflecting our ability to generate good returns for our shareholders.  

Operating Cash Flow was quite positive, with generation of operating cash of R$67.6 million for the period. Our days receivables continue to improve as our management model responds to our requirements and our action plans become reality, while other variables of cash flow also continue to show gains.

Estacio Investments in 3Q12 were R$62.5 million, 158.3% greater than the same period of the previous year, mainly as the result of expenditures on acquisitions in this quarter (R$38.9 million), which did not occur in the same period last year.  In addition, nearly R$3.7 million were invested in the Academic model project (building content and development and production for distance learning); R$3.8 million for Project Tablet; and R$2.3 million for the purchase of hardware and licenses for the development of a project to review IT architecture, which seeks to replace our legacy academic systems and also to upgrade our hardware for the growth envisioned by Estacio. Investments in projects for expansion, revitalization and improvements of units totaled R$0.9 million in 3Q12, and included the investments made in units to be opened in the future.

In this quarter Estacio announced two more acquisitions: FARGS, in Porto Alegre (RS), and Uniuol, in Joao Pessoa (PB), which, together with the acquisitions of the Universities SEAMA (AP), iDez (PB) and Sao Luis (MA), carried out in the first half of this year, served to reinforce our positioning to expand our presence and our brand nationally.

At the end of September 2012, Company Cash added up to R$183.8 million, conservatively applied in fixed income instruments, referenced to the CDI, in federal government bonds and certificates of deposit from first class national banks.

Contacts 
Investor Relations 
Flavia Oliveira – Manager of Investor Relations 
Phone: (21) 3311-9789 
E-mail: [email protected] 
Website: www.estacioparticipacoes.com 
Twitter: http://twitter.com/estacio_ir

Press Office 
Cintia Marin 
Phone: 21 3311 -9880 
E-mail: [email protected]

SOURCE Estacio Participacoes S.A.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....