Welcome!

News Feed Item

22% organic growth in the student base, EBITDA of R$235.5 million, an increase of 53.3%, EBITDA margin of 18.0% for a gain of 3.0 p.p. are the highlights of the Estacio balance sheet for the first six months of 2014

RIO DE JANEIRO, Aug. 8, 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 organizations of higher education in Brazil in the number of matriculated students, is reporting its results for the second quarter of 2014 (2Q14) in comparison with the same period of the previous year (2Q13).

Estacio closed 2Q14 with a total base of 383,000 undergraduate and graduate students, 22.2% above the number recorded in 2Q13, of whom 303,600 are matriculated in on-site courses and 79,400 in distance learning courses.  Setting aside acquisitions, the student base grew by 21.9% organically in relation to the same period of the previous year.

It is important to underscore the growth of the graduate student body, which closed 2Q14 with 35,500 students (in both on-site and Distance Learning), a growth of 72.3% in relation to 2Q13. Such growth is the result of management initiatives and restructuring coordinated by the Directorate of Continuing Education.

The student base at Estacio that uses FIES remained at 110,400 students, which represents 39.3% of the total student base of on-site undergraduate students.

Net operating revenues came to R$1,127.3 billion in the first six months of 2014, an increase of 31.6% in relation to the first six months of 2013, and R$589.1 million in 2Q14, an increase of 32.8% in relation to 2Q13, due to growth of 22.2% in the student base, and the positive evolution of the average on-site ticket during the period.

For the first half of the year, EBITDA totaled R$235.5 million, 53.3% above that presented in the same period of 2013, with a margin of 20.9%, representing a margin gain of 3.0 p.p. over the year before due to better management of costs and expenses and to growth of more than 31% in net revenues.  Whereas for the quarter, EBITDA totaled R$106.0 million, 59.2% higher than 2Q13, with an EBITDA margin of 18.0%, a margin gain of 3.0 p.p. over the previous year.

The provision for doubtful debtors accounted for 6.1% of net revenues for this year, a decline of 0.4 percentage points in relation to the same quarter last year, reflecting a situation of lower payment delinquency in 2013, as well as an increase in the number of students using Student Financing (FIES - Financiamento Estudantil).

Net profits for Estacio in the first six months of 2014 came to R$ 211.7 million, an increase of 86.8% over the first six months of 2013, due to the increase in net revenues and efficiency gains in the cost and expense lines, which led to a 53.3% growth in EBITDA. Whereas for the quarter, net profits were R$86.0 million, an increase of 84.2% over the second quarter of 2013.

Operating cash flow in was positive at R$79.0 million in 2Q14, representing an evolution of R$40.2 million in relation to 2Q13, even taking into account the new timetable for the receipt of FIES repurchase certificates.  Investments for the quarter totaled R$31.6 million, representing 5.4% of net revenues, whereas in 2Q13 investments accounted for 12.8%. Of this amount, R$3.3 million was assigned to the expansion of new units and the construction of class rooms, while the rest was basically assigned to renovation and improvement of existing units, IT projects and the consolidation of the new Model of Instruction.

At the close of 2Q14, cash and cash equivalents totaled R$787.4 million. Bank indebtedness of R$269.0 million reflects the 1st emission of Company debentures and financing lines with the IFC, as well as commitments to pay for acquisitions made in recent cycles and the balance payable on tax installments constitute gross debt, which totaled R$312.8 million at the end of the quarter. Net cash closed 2Q14 at R$474.6 million.

Contacts

Investor Relations
Flavia de Oliveira
Phone: (21) 3311-9700
E-mail: [email protected]

Website: www.estacioparticipacoes.com.br

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

SOURCE Estácio Participações 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
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
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....
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...