Estacio Announces Consolidated Results: Adjusted Net Income Increases 36% to R$81 Million in 2007; EBITDA Reaches R$101 Million

    RIO DE JANEIRO, Brazil, March 19 /PRNewswire-FirstCall/ -- Estacio
 Participacoes S.A. (Bovespa, ESTC11) announces its 4Q07 and 2007
 consolidated results, with the following highlights:
 
 
-- In 2007, gross revenue totaled R$1.3 billion, 5.4% higher than in 2006. In the 4Q07, gross revenue stood at R$322 million, up 9.9% year-over- year. -- Our undergraduate student base reached 178,000 students on a nationwide basis by 2007 year end, up 6.9% from 2006. -- EBITDA came to R$100.7 million in 2007, with an 11.7% margin. Adjusted to non-recurring expenses, it totaled R$104.2 million (12.1% margin). EBITDA margin ex-rentals reached 19.9%. -- Net income totaled R$80.9 million in 2007, adjusted to the IPO non-recurring expenses and goodwill amortization from acquisitions, equivalent to 20% of Shareholders' Equity on 12/31/07. To access the Earnings Release full version visit our website at http://www.estacioparticipacoes.com/ir
Upcoming Events: Conference Calls English March 19, 2008 12:00 p.m. (US EDT) 1:00 p.m. (Brasilia) Tel.: +1(973) 935-8893 Replay: +1(706) 645-9291 Code: 38666449 Portuguese March 19, 2008 10:30 a.m. (US EDT) 11:30 a.m. (Brasilia) Tel.: +55 (11) 2188-0188 Replay: +55 (11) 2188-0188 Code: Estacio IR Contact Carlos Lacerda 55 21 2433 9789 carlos.lacerda@estacio.br Fernando Santino 55 21 2433 9790 fernando.santino@estacio.br ri@estacioparticipacoes.com http://www.estacioparticipacoes.com/ir About Estacio Participacoes Estacio Participacoes S.A. (BOVESPA: ESTC11), the largest private post- secondary education institution in Brazil in terms of number of enrolled students, has approximately 195,000 undergraduate students enrolled in its programs (03/18/2008), and reached a net revenue of R$ 860 million in 2007.

SOURCE Estacio Participacoes S.A.

Best of Content We Love 2014 


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.