S&P Downgrades Nord Anglia Education (NORD) to 'B'; Sees Leverage Remaining High in Near Term
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Nord Anglia Education Reports First Quarter FY2016 Financial Results
January 26, 2016 6:01 AM ESTHONG KONG, Jan. 26, 2016 /PRNewswire/ -- Nord Anglia Education, Inc. (NYSE: NORD), the world's leading premium schools organization, today announced financial results for the first quarter of fiscal 2016, the three month period ended November 30, 2015.
First quarter FY2016 highlights (compared to first quarter FY2015):
Average full time equivalent students (FTEs) increased 72.1% from 19,899 to 34,255 Revenue increased 60.9% (68.0% on a constant currency basis) from $151.6 million to $244.0 million Revenue from premium schools increased 64.1% (71.3% on a constant currency basis) from $148.0 million to $242.9 million Adjusted EBITDA increased 56.6% (64.3% on a constant currency basis) from $40.9... More