Corporate Profile

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General Overview

We believe we are among the largest private higher education groups operating in the on-campus and distance learning modalities in Brazil, in terms of number of units, operating in the education area since 1993 concentrated mainly in the country’s Northeast, North and Southeast regions. On December 31, 2019, our platform was comprised of 58 units, distributed in all Brazilian states. We believe that our performance is comprehensive and diversified, currently counting on
184,800 students enrolled, of which 145,500 are on-campus undergraduate student, 23,500 are distance learning undergraduate students and 14,600 are students enrolled in postgraduate courses, on campus and distance learning, and 1,200 studants enrolled in technical courses. In addition, we recorded a net revenue growth, from December 31, 2017 to December 31, 2019, of R$ 1,231,785,000 to R$ 1,275,986,000, corresponding to an average annual growth (CAGR) of 1.8%1. During this period, our total student base grew at a compound annual rate of 10.1%.

Our average monthly ticket increased by 2.0% from fiscal year ended on December 31, 2017, and fiscal year ended on December 31, 2019, while the IPC-A inflation index from December 2017 to December 2019 increased by 8.7%.

Our strategy is to operate in an integrated manner through brands that have great regional appeal and are widely recognized by students, professors and employers in each of the regions of the country where we operate: (i) Northeast, through the UNINASSAU, Faculdades UNINASSAU, Faculdades Joaquim Nabuco; (ii) North, through the Universidade da Amazônia - UNAMA and Universidade do Norte - UNINORTE; and (iii) Southest, through the Universidade de Guarulhos. In order to increase our presence in the Southeast, South and Midwest regions, in 2016 we launched a new brand: UNIVERITAS. Based on the performance of its first unit, launched in Rio de Janeiro, we believe that UNIVERITAS, which was born as a University Center with accreditation to operate in the distance learning segment, will complement our national brand portfolio.

We strive to act closely with our target audience. Thus, our on-campus and distance learning units are strategically located in key metropolitan regions where we operate, especially in locations with strong demand for higher education and adequate urban infrastructure to serve our students, which provides us with a greater perception of value from our target audience. In terms of distance learning, in addition to the strategic locations of our learning centers, we preferred to enter cities with poor classroom education indexes and higher per capita income. The following map indicates the locations of our units, learning centers, and the number of undergraduate students in each region as of December 31, 2019.