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
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, will discuss how from store operations...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., will introduce you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He will explore applications in several industries and discuss technologies that allow the deployment of advanced visualization solutions to the cloud.
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, will discuss some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he’ll go over some of the best practices for structured team migrat...
As people view cloud as a preferred option to build IT systems, the size of the cloud-based system is getting bigger and more complex. As the system gets bigger, more people need to collaborate from design to management. As more people collaborate to create a bigger system, the need for a systematic approach to automate the process is required. Just as in software, cloud now needs DevOps. In this session, the audience can see how people can solve this issue with a visual model. Visual models ha...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, will discuss how they bu...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
SYS-CON Events announced today that Datera will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera offers a radically new approach to data management, where innovative software makes data infrastructure invisible, elastic and able to perform at the highest level. It eliminates hardware lock-in and gives IT organizations the choice to source x86 server nodes, with business model option...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
Digital transformation is changing the face of business. The IDC predicts that enterprises will commit to a massive new scale of digital transformation, to stake out leadership positions in the "digital transformation economy." Accordingly, attendees at the upcoming Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA, Oct 31-Nov 2, will find fresh new content in a new track called Enterprise Cloud & Digital Transformation.