Afya Could Slide Further When IPO Lockup Expires

The company has approximately 2,700 employees and keeps its headquarters in Minas Gerais, Brazil.

Company information was sourced from the company's website and S-1/A.

Financial Highlights

Afya reported the following highlights for the end of the third quarter for fiscal 2019 ended September 30, 2019:

  • Net revenue reached BRL 207 million for an increase of 124% versus the same period prior year.
  • Revenue rose to BRL 530 million for an increase of 133% and reached BRL 609 million on a pro forma basis.
  • Adjusted EBITDA was approximately BRL 81 million for an increase of 147% in the same quarter the prior year.
  • Adjusted net income reached BRL 72 million for an increase of 155% in the third quarter of fiscal 2019.

Financial information sourced from the company's website and press releases.

Management Team

Chairman of the Board Nicolau Carvalho Esteves has served in his position since June 2019. He is an orthopedist and has been Chair of Afya Brazil from August 2016. He has served in executive positions at ITPAC – Instituto Tocantinense Presidente Antônio Carlos S.A., ITPAC Porto Nacional – Instituto Tocantinense Presidente Antônio Carlos Porto S.A., IPTAN – Instituto de Ensino Superior Presidente Tancredo de Almeida Neves S.A., and Instituto de Educação Superior do Vale do Parnaíba S.A. He earned his medical degree from Faculdade de Medicina de Barbacena and a master’s degree in Business Administration from FEAD.

Director Renato Tavares Esteves has served in his position since June 2019. He has served in executive positions at Instituto de Educação Superior do Vale do Parnaíba S.A., IPTAN – Instituto de Ensino Superior Presidente Tancredo de Almeida Neves S.A., and Instituto de Ensino Superior do Piauí S.A. He earned a medical degree from Faculdade de Medicina de Barbacena.

Biographical information sourced from the company's website.

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Disclosure: I am short AFYA.

Disclaimer: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any ...

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