Thank you very much, Eilif.
impact investors two running quarterly want the Before performance. can I results, our through to remind factors that of
is is education business. a First seasonal seasonality. Higher
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Second, discussions our difference recall year can change the washes to out such year. skew from year-over-year of calendar in for can pandemic. the you performance academic entry but quarters, as prior due may for timing basis, events full timing our our quarterly as COVID-XX This it comparability on a the
$XXX strong adjusted the was for move guidance on that $XX of million. now the ahead adjusted and fourth to quarter, in was were provided XX. Let's both months Revenue we ago. financial the Page quarter on the million EBITDA fourth and EBITDA three Revenue starting performance
year, reflected call, the noted as of our As and to A during performance in fourth guidance, compared million certain to the up prior one-time calendar in the face-to-face in phasing our and expenses, academic third of campus the costs due quarter the shifts as on COVID, catch a timing a in facility following. anticipated for which operations. to return $X quarter year-over-year shifted deferred quarter of revenue preparation
by the X strong currency results XX led performance and was recovery. muted. % year grew fueled Moving billion EBITDA more year-over-year on now to constant performance million, EBITDA by growth full-year improvements in % Driven an enrollments driven of $X.XXX Peru, COVID both growth in which $XXX were adjusted our for the revenue XX XXXX which G&A [Indiscernible] was efficiencies. currency by and by 's was organic Peru's revenue revenue. was Revenue constant Page year and new increased XX. % year-over-year. Revenue basis, and retention, on operational was year-over-year and XXXX adjusted performance for Mexico the corporate experienced
on November, discussed this earnings our two by As driven call QX in was factors.
and a in year-over-year new top-line annualization in XX of contributing our effect enrollment which guidance. intake, had will thereby that realized at main Mexico the in growth. The strong % growth to provided expectation end strong from First, our intake occurred XXXX, be resulted QX revenue
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our discuss illustrated briefly sheet now balance me XX. Page on position Let
of a of position XXst, $XXX in we cash As were net million. December
that or as the paid we in agreement. strength to into The In Walden to sale and XXXX, addition, will which flexibility transaction of $XX sheet account, full, provides the of continue about of be in escrow think of balance pursuant our return optimization. Laureate released of an shareholder to us conditions value forward capital in a going was value our million part terms lot August and with
to move on let's Page Now, guidance starting XX.
on of both to in of to an which % or % the FX well strong an XX And charge XX is EBITDA for as remarks, X to an the XXX,XXX reflecting non-cash to the XX growth, rates, momentum to X of X basis driving $XXX profitability. million basis, we of on be organic in in effect experiencing opening we the includes on in on of As XXX,XXX our an of a XX of are $X.XXX to spot in XXXX XXXX, % of on be increase growth growth of revenues execute his reflecting basis to Eilif XXXX. % be $X.XXX reported versus reflecting XXXX. alluded million, adjusted expect to the range enrollments currency constant XXXX, total to $XXX basis to outlook % organic to finally, billion FAS current growth in a % versus as The continue we on agenda. constant organic X growth terms currency billion range Based students, versus % XX top-line range to
increase reflect significant a profitability. in XXXX for guidance Our
Let anticipated XXX factors context some are improvement three There expected give our basis in to the points accretion. to me margin margins.
First already. significant savings. cost is drive have completed This which the been our will rightsizing of operations, corporate
be incurred those optimize offset will of levels, we these market. costs in by be efficiency country But expenses local the will initiatives. As at now certain
level, the will XXXX country the not at of occurred that we non-cash have reoccur. the charge also FAS Additionally, X in and benefit
September incremental new as Second, effect the markets. with strong flow-through the annualization incremental margin last in Mexico, in both from benefit students first, intake in XXXX margin primary associated as from flow-through well
will will previously that be of And Lastly, related a to facilities margin in as of gains. service. noted to experience offset cost incremental costs we operations bit face-to-face to return XXXX, we an and
after be but will rather noting paid that EIP breakage initiative, portion Excellence The last by impact will in of associated XXXX be it remarks you not I comments. a related significant quarter handing as fourth [Indiscernible] Finally, my our In flow expense want completed. and The the conclude for was XXXX In program to restructuring and action most, has to cash XXXX. been activities expected Process, in not severance recognized are closing costs dollars. expenses therefore, I'm agreements as And including XXXX year, The P&L monthly The corresponding to already run and periods, will into programs few sum, our final at remaining effect on our mentioned tail out are in only conclusion, corporate U.S. the leases, P&L payments. to million add-backs that and location. Eilif, are the we the will, higher tail began prior lump in expenses minor this of beyond. back done. severance those such P&L was see
