Vitru Ltd. (VTRU) has released an update.
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Vitru Brasil, a leading digital education provider in Brazil, reported an impressive first quarter in 2024 with a 9.8% growth in net revenue for its DE Undergraduate segment and an overall consolidated net revenue increase of 13.5% from the previous year. The company’s Adjusted EBITDA saw a 1% increase, reaching R$ 170.8 million, while Adjusted Cash Flow from Operations surged by 33%, highlighting the company’s strong financial health and effective capital management. Vitru also reached a milestone of 939,000 enrolled students, underscoring its commitment to expanding educational opportunities across the country.
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