SYS-CON MEDIA Authors: Adine Deford, Cynthia Dunlop, Harry Trott, Xenia von Wedel, Peter Silva

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
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
Some developers believe that monitoring is a function of the operations team. Some operations teams firmly believe that monitoring the systems they maintain is sufficient to run the business successfully. Most of them are wrong. The complexity of today's applications have gone far and beyond the capabilities of "traditional" system-level monitoring tools and approaches and requires much broader knowledge of business and applications as a whole. The goal of DevOps is to connect all aspects of app...
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionalit...
Want to enable self-service provisioning of application environments in minutes that mirror production? Can you automatically provide rich data with code-level detail back to the developers when issues occur in production? In his session at DevOps Summit, David Tesar, Microsoft Technical Evangelist on Microsoft Azure and DevOps, will discuss how to accomplish this and more utilizing technologies such as Microsoft Azure, Visual Studio online, and Application Insights in this demo-heavy session.
When an enterprise builds a hybrid IaaS cloud connecting its data center to one or more public clouds, security is often a major topic along with the other challenges involved. Security is closely intertwined with the networking choices made for the hybrid cloud. Traditional networking approaches for building a hybrid cloud try to kludge together the enterprise infrastructure with the public cloud. Consequently this approach requires risky, deep "surgery" including changes to firewalls, subnets...
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
SYS-CON Media announced that Centrify, a provider of unified identity management across cloud, mobile and data center environments that delivers single sign-on (SSO) for users and a simplified identity infrastructure for IT, has launched an ad campaign on Cloud Computing Journal. The ads focus on security: how an organization can successfully control privilege for all of the organization’s identities to mitigate identity-related risk without slowing down the business, and how Centrify provides ...
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrateg...
"We help companies that are using a lot of Software as a Service. We help companies manage and gain visibility into what people are using inside the company and decide to secure them or use standards to lock down or to embrace the adoption of SaaS inside the company," explained Scott Kriz, Co-founder and CEO of Bitium, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"SAP had made a big transition into the cloud as we believe it has significant value for our customers, drives innovation and is easy to consume. When you look at the SAP portfolio, SAP HANA is the underlying platform and it powers all of our platforms and all of our analytics," explained Thorsten Leiduck, VP ISVs & Digital Commerce at SAP, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, described an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device exp...
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps,...
"Cloud consumption is something we envision at Solgenia. That is trying to let the cloud spread to the user as a consumption, as utility computing. We want to allow the people to just pay for what they use, not a subscription model," explained Ermanno Bonifazi, CEO & Founder of Solgenia, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.