Afya
Imager from Afya’s website

Brazilian medical education group Afya has reported 2021 net income of 242.3 million reais (£39.3 million), down from 308 million reais reported for 2020.

Net revenue for 2021 was 1.72 billion reais, up from 1.2 billion reais reported for 2020.

The Nova Lima-based company also reported results for the fourth quarter of 2021. Its net income for the period was 49 million reais, down from 60.1 million reais reported for the fourth quarter of 2020. Net revenue for the quarter was 498.3 million reais, up from 345.3 million reais reported for Q4 2020.

Afya chief executive Virgilio Gibbon said: I am extremely proud to present another year of Afya showing strong results, resilience in our operational and financial metrics and significant evolutions in the ESG agenda. Our performance in 2021 reflects the successful execution of our assertive strategy, the commitment of our team members and the consistency of our business model, particularly during another year of a worldwide pandemic. This scenario was one of the main reasons for the acceleration of our long-term plan as well as the ramp-up of our digital services strategy. This year’s results reinforce that our strategy has been successful since the beginning, marked by the successive growth in net revenue and EBITDA throughout all quarters. As we hope to see, from now on, the pandemic losing its strength, pushing our students, employees, and partners to continue extracting the best from our campuses and digital services.”

Date published: 1 April 2022

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