The following is a summary of the Vitru Limited (VTRU) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Vitru has seen a 15.4% rise in the core digital education undergraduate business alongside a 10% increase in average ticket value.

• The revenue for this core segment has increased 42% in 2023, with the overall revenue up by 49%.

• Adjusted EBITDA also increased 60% resulting in a margin increase from 33.9% to 36.6%.

• Cash flow from operations saw a 71% rise, adjusting the cash flow conversion rate to 96%.

• Despite a decrease in debt, the consolidated adjusted net income saw an around 24% increase, reaching R$253 million in 2023.

Business Progress:

• Vitru made progress in the migration process from Nasdaq to B3 and saw substantial growth across its digital education undergraduate, graduate, and on-campus segments.

• The total student base has grown to 884,000, with the majority enrolled in digital courses.

• The integration with UniCesumar is reportedly ahead of schedule.

• The company sees gains in scale and cost-cutting opportunities for 2024, particularly in contracts impacting both costs and G&A.

• Vitru anticipates that better retention practices at Uniasselvi will lead to higher EBTIDA margins.

More details: Vitru IR

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