Laureate Education, Inc. Reaffirms Earnings Guidance for the Year 2017
January 31, 2018 at 09:01 am
Share
Laureate Education, Inc. reaffirmed earnings guidance for the year 2017. For the year 2017, the company expects revenue of $4,345 million and adjusted EBITDA to be $780 million to $789 million. Capex range expected at 6% to 7% organic constant currency revenue, due primarily to timing shift to 2018.
Laureate Education, Inc. operates a portfolio of degree-granting higher education institutions (Laureate International Universities network) in Mexico and Peru. Laureate International Universities network offers a range of undergraduate and graduate degrees through campus-based, online and hybrid programs. It has approximately 450,000 students enrolled at five institutions with over 50 campuses. It has two segments: Mexico and Peru. It owns Universidad del Valle de Mexico (UVM) and Universidad Tecnologica de Mexico (UNITEC) in Mexico. It also owns Universidad Peruana de Ciencias Aplicadas (UPC), Universidad Privada del Norte (UPN) and CIBERTEC institution in Peru. Its institutions in Mexico and Peru offer traditional higher education students a private education alternative, with multiple brands and price points in each market and program. The Company offers various programs, including medicine and health sciences, engineering and information technology, and business and management.
LAUREATE EDUCATION, INC. 
