Estacio Announces 1Q08 Consolidated Results: Net Revenue up 8.9%, to R$238 million; EBITDA of R$38.5 million, with 16.2% margin
RIO DE JANEIRO, Brazil, May 8 /PRNewswire-FirstCall/ -- Estacio Participacoes S.A. (Bovespa: ESTC11) announces its 1Q08 consolidated results, with the following highlights:
-- Undergraduate student base of 197,970 as of March 31, 2008, representing growth of 8.9% year on year and of 11.2% versus the close of the 2007 academic year. -- Record enrollment of 52,000 students in the first academic semester of 2008, with average renewal rate of 87% (86% in 2007). -- Acquisition of three undergraduate institutions in Sao Paulo, with a total of 3,800 students, on March 31, 2008. -- Conclusion of the first phase of integration of our 67 units nationwide and startup of a shared services center, which will provide administrative and financial services to all of our units across Brazil. To access the full earnings release, visit our website at http://www.estacioparticipacoes.com/ir .
Upcoming Events: Conference Calls English May 8, 2008 12:00 p.m. (US EDT) 1:00 p.m. (Brasilia) Tel.: +1(973) 935-8893 Replay: +1(706) 645-9291 Code: 44832779 Portuguese May 8, 2008 10:00 a.m. (US EDT) 11:00 a.m. (Brasilia) Tel.: +55 (11) 2188-0188 Replay: +55 (11) 2188-0188 Code: Estacio IR Contact Carlos Lacerda 55 21 2433 9789 email@example.com Fernando Santino 55 21 2433 9790 firstname.lastname@example.org email@example.com http://www.estacioparticipacoes.com/ir About Estacio Participacoes Estacio Participacoes S.A. (BOVESPA: ESTC11), the largest private undergraduate institution in Brazil in terms of number of enrolled students, has 197,970 undergraduate students enrolled in its programs (03/31/2008), with a net revenue of R$238 million in the first quarter of 2008 (1Q08).
SOURCE Estacio Participacoes S.A.
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