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
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
"We are a leader in the market space called network visibility solutions - it enables monitoring tools and Big Data analysis to access the data and be able to see the performance," explained Shay Morag, VP of Sales and Marketing at Niagara Networks, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
"We are a modern development application platform and we have a suite of products that allow you to application release automation, we do version control, and we do application life cycle management," explained Flint Brenton, CEO of CollabNet, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
"This is specifically designed to accommodate some of the needs for high availability and failover in a network managed system for the major Korean corporations," stated Thomas Masters, Managing Director at InfranicsUSA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.