EBITDA of Estacio reaches R$ 67.8 million in 3Q12, an increase of 43.4% and margin gain of 3 p.p.
SAO PAULO, Nov. 9, 2012 /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 terms of the number of enrolled students, has reported its results for the third quarter of 2012 (3Q12) in comparison with the same period for the previous year (3Q11).
Estacio has closed the third quarter of 2012 with a total base of 284,400 students, a growth of 14.8% in relation to the same period of the previous year. Of these 284,400 students, 231,100 are enrolled for on campus-programs, and 53,300 in distance learning programs.
The record intake of students for the 5th time in a row came to 74,800 new on campus and distance learning undergraduate students in the 3rd quarter, an increase of 21.6% in relation to the same period of the previous year.
At the end of 3Q12, the base of on-campus students at Estacio totaled 218,600 students, 11.0% more than the same period of the previous year. From a same-shops point of view (that is, without taking into account acquisitions for this year), growth was 8.7%. The base of distance learning undergraduate students grew 38.5% over the same period of the previous year, for a total of 51,800 students.
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