Welcome!

News Feed Item

Net Profit at Estacio grows by 123% and totals R$245 million in 2013, while EBITDA increases 53% coming to R$320 million

RIO DE JANEIRO, March 21, 2014 /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-sector post-secondary education groups in Brazil in terms of the number of enrolled students, has reported its results for the 4th Quarter (4Q13) and for 2013.

Estacio closed 2013 with a total base of 315.7 thousand undergraduate and post-graduate students, 16.3% above that registered in 2012, of whom 255.0 thousand are enrolled in on-campus programs and 60.7 thousand in distance learning programs. Not including acquisitions made in 2012, the student base grew by 14.6% organically in relation to the same period of the previous year. At the end of 2013, the student base for on-campus undergrads at Estacio totaled 239.4 thousand students, 14.0% higher than the same period of the previous year. In Distance Learning, the undergrad student base grew by 20.4% over the same period of the previous year to a total of 55.5 thousand students. The growth of post-graduate enrollment in 2013 should be highlighted, which reached a historic milestone of 20.8 thousand students in December, an increase of 34.2% in comparison with the same period of the previous year.

The student base at Estacio that uses the Student Financing Fund (FIES - Fundo de Financiamento Estudantil) – held steady at 76 thousand students, which represents 32% of the total student base of on-campus undergrads.  Added to this are 19 thousand students using the University Program for Everyone (ProUni - Programa Universidade para Todos).

Net operating revenues came to R$1.731 billion in 2013, an increase of 25.1% in relation to 2012, as a result of a 16.3% growth in the student base and the positive evolution of the average ticket for the period.

In 2013, EBITDA totaled R$320.3 million, 52.6% more than the result for 2012, with an EBITDA margin of 18.5%, for a margin gain of 3.3 percentage points compared to the year before, due, above all, to improved management of costs and expenses, and a growth of more than 25% in net revenues.

Net profits for Estacio stood at R$244.7 million in 2013, an increase of 123.1% over the 2012 fiscal year, due to an increase in net revenues and efficiency gains in the lines for costs and expenses.

Normalized operating cash flow was positive at R$122.5 million in 2013, an evolution of R$33.3 million in relation to 2012. At the end of 2013, cash and cash equivalents totaled R$739.2 million. With gross indebtedness of R$322.8 million at the end of 2013, net cash for Estacio closed the year at R$416.4 million.

In evaluations of the quality of instruction, Estacio received excellent results in the Ministry of Education's last evaluation cycle covering the year 2012, announced at the end of 2013, with a focus on programs of study in Law, Communication and Management, which accounts for approximately 53% of our student base. The programs of study are evaluated in cycles that occur every three years, therefore the results for 2012 are comparable to the results for 2009. The results of the Preliminary Concept of the Program of Study (CPC – Conceito Preliminar de Curso) for 2012 presented excellent numbers. We observed that 87% of the study programs evaluated presented a satisfactory assessment (greater than or equal to 3), in comparison with 50% in 2009. As for the grades for our educational institutions, the General Index of Programs of Study (IGC – Indice Geral de Cursos) released for 2012 showed that 89% of Estacio's institutions had grades equal to or greater than 3 in 2012, excluding institutions whose operations are being discontinued, as opposed to 48% in 2009 and 53% in 2011.

At the leading edge of this expansion, Estacio announced the largest acquisition in its history: UniSEB, an excellent asset located in Ribeirao Preto, in the interior of the state of Sao Paulo, with a representative network of Distance Learning campuses throughout Brazil. The operation is still awaiting authorization from CADE, Brazil's antitrust agency to be completed, but offers very good prospects for the expansion of the distance learning segment.  In addition, Estacio has arrived in Brasilia, with the acquisition of FACITEC, and increased its presence in Santa Catarina with the purchase of ASSESC. We also emphasize the inauguration of three new units (greenfields): two in the state of Rio de Janeiro, at Angra dos Reis and Teresopolis, and the third campus in Fortaleza.

Rogerio Melzi, President of Estacio, underscores the following: "At Estacio, we believe that one of the most important characteristics in companies alert to the reality of the 21st Century is 'Balance' between the different variables comprising the scope of a corporation.  This is why we are constantly working to find a balance between: 'Management' and 'Academic Quality,' 'Financial Results' and 'Non-financial Results;' and 'Short Term Results' and 'Long Term Results.'  In this context, when we analyze operating and financial results for 2013, we see that we have been very successful in promoting this balance, in addition to being well prepared to maintain or even surpass this level of delivery throughout 2014."

Contacts
Investor Relations 
Flavia de Oliveira 
Phone: (21) 3311-9700
E-mail: [email protected]  
Website: www.estacioparticipacoes.com.br

Twitter: http://twitter.com/estacio_ir 
Facebook: www.facebook.com/EstacioRI

Press Advisor
Cintia Marin 
Phone: (21) 3311 -9880
E-mail: [email protected]

SOURCE Estácio Participações

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
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, shared examples from a wide range of industries – including en...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
In his session at @DevOpsSummit at 20th Cloud Expo, Kelly Looney, director of DevOps consulting for Skytap, showed how an incremental approach to introducing containers into complex, distributed applications results in modernization with less risk and more reward. He also shared the story of how Skytap used Docker to get out of the business of managing infrastructure, and into the business of delivering innovation and business value. Attendees learned how up-front planning allows for a clean sep...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
Detecting internal user threats in the Big Data eco-system is challenging and cumbersome. Many organizations monitor internal usage of the Big Data eco-system using a set of alerts. This is not a scalable process given the increase in the number of alerts with the accelerating growth in data volume and user base. Organizations are increasingly leveraging machine learning to monitor only those data elements that are sensitive and critical, autonomously establish monitoring policies, and to detect...
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.