Kroton Educacional S A : Notice to the Market - PNLD 2020 Results
October 23, 2019 at 06:40 pm EDT
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Notice to the Market
PNLD 2020 Results
Belo Horizonte, October 23, 2019, Kroton Educacional S.A. (B3: COGN3; OTCQX: COGNY) - "Cogna" or "Company" in compliance with CVM Instruction 358/2002, as amended, hereby announces to its shareholders, investors and the general market the results of the National Textbook Program ("PNLD") for 2020.
Due to the conclusion of the negotiations between Saber, the B2C/Gov (business to consumer / government) business vertical of Cogna, and the National Education Development Fund ("FNDE"), the total volume of sales from the publishers Ática, Scipione and Saraiva Educação in the PNLD for 2020 was 52.0 million books, of which 20.8 million were related to the adoption of new books for Elementary School II and 31.2 million to the replacement of books from previous years (for the segments Elementary School I and High School).
The revenue generated by these sales will amount to R$408.0 million, of which R$175.6 million is related to the adoption of new books for the segment Elementary School II and R$232.4 million to replacements of books from previous years. Lastly, PNLD revenue to be recognized in the 3Q19 amounts to R$20 million.
For more information, please contact the Investor Relations department:
Carlos Lazar, Pedro Gomes or Ana Troster
E-mail: dri@kroton.com.br
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Kroton Educacional SA published this content on 23 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2019 22:39:03 UTC
Cogna Educacao SA, formerly Kroton Educacional SA, is a Brazil-based company active in the private education sector. The Company focuses on developing primary and secondary schools, post-secondary and undergraduate programs, as well as vocational courses. The Company's activities are divided into three business segments: In-class higher education, which offers port-secondary programs on campus; Distance learning higher education (EAD), which provides port-secondary programs via online platform, and Basic education, which includes own and managed primary schools, collection and development of teaching materials, school management advisory, as well as educational support tools, among others. The Company operates a number of brand names, such as Anhanguera, Fama, Pitagoras, Unic, Unime and Unopar. In addition, it is involved in the wholesale, retail, distribution, import and export of textbooks, course books, magazines and other publications related to education.
COGNA EDUCAÇÃO 
