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Ser Educacional records net revenue of R$304.0 million in 4Q17

Net revenue expands 9.6% in 4Q17 over 4Q16

Recife, March 23, 2018 - Ser Educacional S.A. (B3 SEER3, Bloomberg SEER3:BZ and Reuters SEER3.SA) announces its results for the fourth quarter of 2017 (4Q17). The information is presented in accordance with international financial reporting standards (IFRS) and consolidated in Brazilian reais (R$). Comparisons refer to the fourth quarter of 2016, unless otherwise indicated. As of 1Q17, the Company began to incur pre-operating costs and expenses for the expansion of new on-campus education units and distance learning centers. In order to better demonstrate this impact, the Company began to report its results omitting these main effects (normalization)..

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