Q4 2024 Cogna Educacao SA Earnings Call (English, Portuguese) Transcript
Key Points
- CognaEducacao SA (COGNY) achieved significant growth in EBITDA, increasing more than threefold over the past three years, with an average annual growth rate of 33%.
- The company reported a strong fourth quarter in 2024, with revenue growth of 13.2% and a 47% increase in EBITDA.
- CognaEducacao SA (COGNY) successfully reduced its net debt by almost BRL400 million, achieving a leverage ratio of 1.35x EBITDA.
- The company resumed dividend distribution, proposing a payment of BRL120 million, reflecting its strong financial performance.
- Vasta, a subsidiary of CognaEducacao SA (COGNY), achieved a milestone by reaching BRL500 million in EBITDA, marking a 20% growth compared to 2023.
- The company faced challenges in student collection, with a 14% decrease compared to the same period in 2023, attributed to a smaller collection of students via ProUni.
- There was a noted complexity in the semester from the perspective of collection and distance learning, highlighting market volatility.
- CognaEducacao SA (COGNY) experienced a drop in on-site learning revenue, although it is now showing signs of recovery.
- The company had a net loss of BRL492 million in 2024, impacted by a drop in IRS and other factors.
- Marketing expenses remained stable, but there is a need for continued efficiency improvements to maintain competitiveness.
(spoken in Portuguese)
(Operator Instructions)
We would like to inform that this teleconference is being recorded and it will be made available in the website of the company, www.ri.com.br, where you have the full material of our results.
(Operator Instructions)
Before moving on, we would like to clarify that eventual declaration that may be done throughout this teleconference related to the perspectives and the business perspectives of Cogna, projections, operational and financial goals are beliefs and premises of the company, as well as information that are currently available about Cogna.
Future considerations are not guarantee of performance and involve hazards and uncertainties and premises because they are related to future events, and therefore, they depend on the circumstances that may or may not occur. Investors and analysts must understand that general conditions, sector conditions among other operational factors may affect the outcomes of Cogna and may guide to outcomes that differ
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