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Lojas Renner Announces First Quarter 2025 Earnings Results

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PORTO ALEGRE, Brazil, May 8, 2025 /PRNewswire/ — Lojas Renner S.A. (B3: LREN3), announces its results for the first quarter 2025 (1Q25). All amounts are expressed in millions of Reais and all comparisons are with the same period for the previous year, except when otherwise indicated.

Highlights

Apparel sales increased 13.5%Gross margin increased 0.6p.p., with the lowest level of markdowns in 1s0 years and +5.4p.p. in CamicadoYoucom sales increased by 28%Fifth consecutive quarter of expenses dilution, at 1.3p.p.Realize with result of R$ 191 MM (~R$ 95 MM on a comparable basis ex Central Bank resolution) and a significant improvement in portfolio riskTotal Adjusted EBITDA reached R$ 585 MM (+55%) with margin of 21.2% (+5.8p.p.)Cash position of R$ 1.6 bi and net cash of R$ 1.2 bi62% of the buyback program executed (46,5 million shares repurchased) until nowNet profit of R$ 221 million (+59%) and Earnings Per Share up by 65%1.9 p.p. increase in ROIC (ROIC LTM of 13.3%)

Message from the CEO
Lojas Renner’s first-quarter results demonstrate that the evolution of our business model and the initiatives we have implemented are gradually bearing fruit while enhancing our competitiveness.

First quarter apparel sales increased by 13.5% while consolidated gross margin increased by 0.6 p.p., also with the lowest level of markdowns in the last 10 years. We delivered operating leverage for the fifth consecutive quarter – which improved by 1.3 p.p. in 1Q25- and achieved R$ 221 million (+59%) in net profit, resulting in a 1.9 p.p. increase in ROICLTM, which reached 13.3% for 1Q25.

Part of this performance for the quarter reflects the sustained, gradual effects of Renner’s more agile and flexible fashion execution, combined with an increasingly precise supply model (100% by SKU) and shorter lead times for stores. Additionally, the increasingly differentiated and integrated shopping journey across all of Renner’s businesses contributed to the improvement in NPS and an increase in the active customer base during the quarter. Digitalization of the shopping experience continued to evolve at Renner stores, and Digital GMV gained even more relevance, increasing by 15% with 16% penetration and higher profitability.

Realize delivered its sixth consecutive quarter of improved operational results, also benefiting from adjustments related to the new Bacen resolution. However, excluding the Bacen effect, Realize results improved significantly (+7 times). Credit portfolio quality continued to evolve during the quarter, and this business continued to drive Renner’s retail operations as an important catalyst to customer loyalty and value generation.

It’s important to also note the strong performance at Youcom and Camicado, with a 28% increase in Youcom sales and a 5.4 p.p. increase in Camicado’s gross margin for 1Q25.

While we’re pleased with Renner’s first quarter performance as a positive start to the year, our evolution will be more challenging given our high nominal base. However, our progress related to key metrics this quarter demonstrates that we are on the right track. Further, our Company’s solid cash position of R$ 1.6 billion enables us to make strategic investments aimed at growth and to capture opportunities in the current environment. Similarly, our strong balance sheet provided us the flexibility during the quarter to execute 62% of the share buyback program we announced in February, with 46.5 million shares repurchased to date. Our potential is greater. And while there remains considerable opportunity for further evolution on this journey, our investments were made to achieve this objective. We remain focused on our priority of accelerating our ability to capture our evolved business model’s full potential, and we reaffirm our commitment to sustained long-term growth, with profitability, and value generation.
Fabio Faccio – CEO

For a full version of Lojas Renner’s Results, please visit: https://lojasrenner.mzweb.com.br/en/

Earnings Conference Call*
Date: May 9, 2025
Time: 10:00 AM BRT / 9:00 AM ET
*Portuguese with a simultaneous English translation.
Access the webcast here.

About Lojas Renner S.A.
The Company was incorporated in 1965 and listed in 1967, becoming a pure widely held company in 2005 with a 100% free float, being considered the first true Brazilian corporation. Renner’s equities are traded on B3 under the LREN3 symbol in the Novo Mercado segment, the highest level of corporate governance

Lojas Renner S.A. is a fashion and lifestyle ecosystem connected to its customers through digital channels and its physical stores in Brazil, Argentina and Uruguay. It is today the ecosystem leader in omnichannel fashion retailing in Brazil through the Renner, Camicado, Youcom, Realize CFI and Repassa businesses.

Legal Notice
The statements contained in this document relate to the prospects for the business, estimates for operating and financial results and those related to growth prospects of Lojas Renner S.A. are merely projections and, as such, are based exclusively on the expectations of the Company’s management with respect to the future of the business. Such forward-looking statements depend substantially on changes in market conditions, the performance of the Brazilian economy, the sector and the international markets and are therefore subject to change without prior notice.

View original content:https://www.prnewswire.com/news-releases/lojas-renner-announces-first-quarter-2025-earnings-results-302450652.html

SOURCE Lojas Renner S.A.

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Vestas Powers Up Vietnam’s Clean Energy Ambitions with Two New Projects Under PDP8 Totaling 16 Wind Turbines

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HANOI, Vietnam, Oct. 2, 2026 /PRNewswire/ — Vestas has been awarded contracts to supply its 16 new V163 wind turbines from the 4 MW Platform across two new wind farms in central Vietnam. In partnership with a reputable Vietnamese renewable energy developer with a significant portfolio, Vestas will expand proven track record of 1.6 gigawatts in Vietnam and strengthen the company’s role in driving the country’s wind energy growth.

Included in Vietnam’s Power Development Plan 8 (PDP8), these projects are among the first to secure investment licenses and proceed toward execution, supporting the country’s clean energy transition and its pathway toward net-zero emissions by 2050. The awards highlight growing momentum in Vietnam’s wind sector and demonstrate how advanced turbine technology can help unlock the next generation of projects under PDP8. Through higher hub heights, larger rotors and site-specific solutions, Vestas is helping developers improve project economics and maximise energy production in Vietnam’s wind conditions.

The 163 metre rotors will be the largest Vestas model deployed in Vietnam to date. Combined with tailor-made 155-metre hub height tower solutions, they are designed to maximise energy production and project performance for Vietnam’s wind conditions. Built on Vestas’ proven 4 MW platform, which already accounts for +88 GW of installed capacity globally and 1.6 GW of installed capacity in Vietnam, the solution combines increased energy yield with demonstrated operational performance and track record in the market. The projects will also be backed by 20-year AOM 5000 service and maintenance agreements, delivering long-term business case certainty and optimal operational performance.

“We are honoured by our customer’s confidence and proud to be supporting some of the first wind projects moving forward under PDP8. These projects demonstrate that the next generation of wind development in Vietnam can be enabled through innovative, proven technology and tailor-made solutions. With our V163-4 MW platform, 155-metre site specific hub height configuration and deep local expertise, Vestas is delivering a solution specifically designed for Vietnam’s evolving market needs. We remain committed to supporting the country’s energy security and helping our customers accelerate Vietnam’s clean energy transition,” Antoine CROIZE, Country Manager, Vestas Vietnam.

Vestas Backs Vietnam’s Local Employment
The two wind farms will be located near an existing hub of Vestas projects, extending long-term service employment in the region for decades to come.

Vestas’ wind turbine components are expected to begin delivery to Vietnam in 2027, with commissioning to follow.

About Vestas

Vestas is the energy industry’s global partner on sustainable energy solutions. We design, manufacture, install, and service onshore and offshore wind turbines across the globe, with more wind power capacity installed through time than anyone else. Through our industry-leading smart data capabilities and unparalleled wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ employees are bringing the world sustainable energy solutions to power a bright future.

For updated Vestas photographs and videos, please visit our media images page on:
https://www.vestas.com/en/media/images.

We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

www.twitter.com/vestaswww.linkedin.com/company/vestaswww.facebook.com/vestaswww.instagram.com/vestaswww.youtube.com/vestashttps://plus.google.com/+vestas

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/vestas-powers-up-vietnams-clean-energy-ambitions-with-two-new-projects-under-pdp8-totaling-16-wind-turbines-302897045.html

SOURCE Vestas Asia Pacific

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China’s First Modern University Celebrates 131 Years of Excellence

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TIANJIN, China, Oct. 1, 2026 /CNW/ — On October 2, 2026, Tianjin University (TJU), China’s first modern university, celebrates its 131st anniversary. This milestone highlights TJU’s enduring legacy as a steadfast contributor to global innovation and social progress, consistently rising to meet the world’s most pressing challenges with visionary foresight and profound dedication.

Cultivating Visionaries for a New Era

TJU’s 131st year is defined by a profound commitment to cultivating visionary talent. The university, as the lead institution of the National Working Group on Emerging Engineering Education, has unveiled “TJU Plan 3.0”, a forward-looking framework for emerging engineering education designed to nurture future-ready talent.

Aligning with the evolution of future industries, TJU has strategically positioned itself across 11 frontier fields, including artificial intelligence and embodied intelligence. Furthermore, the university has pioneered China’s first undergraduate majors in brain-computer science and technology, as well as biomanufacturing.

To nurture top-tier young scholars, TJU introduced the “U35 Plan”. This initiative fast-tracks exceptional researchers under the age of 35 to full professorships, recognizing future potential and fostering a dynamic, youth-led research environment where brilliant minds can thrive.

From Laboratory to Lifesaving Impact

The convergence of national-level talents, industry experts, and leading enterprises has created a robust innovation ecosystem at TJU. This ecosystem has yielded landmark achievements. In medical technology, the “Shengong-Shengao” system became China’s first approved brain-computer interface (BCI) medical device for diagnosing cognitive impairment. Developed by a team led by Professor Liu Xiuyun, the system reduces diagnosis time for conditions like hydrocephalus from days to just 30 minutes. Additionally, more than 20 “Shengong” series devices have successfully transitioned from the laboratory to clinical wards, delivering tangible benefits to thousands of patients.

From high-precision measurement and energy storage technologies to national platforms like the National Facility for Earthquake Engineering Simulation, the ethos of “aiming for the highest scientific peaks while remaining deeply grounded in real-world needs” permeates the campus. This commitment was recognized in 2025, when TJU researchers were lead contributors to five National Science and Technology Awards.

Furthermore, the university’s academic excellence is recognized globally, with three disciplines–Chemistry, Engineering, and Materials Science–ranked in the global top 1‱ according to the Essential Science Indicators (ESI).

With a focus on strategic clusters, a talent-driven approach, and an unwavering commitment to human well-being, Tianjin University at 131 is not just celebrating its past–it is actively engineering a better future.

View original content:https://www.prnewswire.com/news-releases/chinas-first-modern-university-celebrates-131-years-of-excellence-302897052.html

SOURCE Tianjin University

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Fundación BRAVA opens the international call for entries for the first edition of the BRAVA Awards to support emerging artistic talent

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Young talents aged between 19 and 30 from around the world will be able to submit their work until 27 October.

Application form for the awards: https://fundacionbrava.vform.io/

LONDON, Oct. 2, 2026 /PRNewswire/ — Fundación BRAVA is opening the call for entries for the first edition of the BRAVA Awards, an international initiative created to identify, support and generate concrete opportunities for young artists at the early stages of their professional careers. The first edition is dedicated to painting and is open until 27 October to emerging artists aged 19 to 30 from around the world.

The BRAVA Awards are based on a simple reality: talent does not always have the same opportunities to develop and access the professional art circuit. The initiative therefore seeks to turn a one-off opportunity into meaningful support for selected artists, combining recognition with training, experience, professional contacts, visibility and new exhibition opportunities.

More than an award: comprehensive support for artists’ careers

Unlike a competition based solely on financial support, the BRAVA Awards combine financial incentives, training, professional mentoring, specialist assessment, international exposure and connections with professionals across the art sector.

The four awards offer different forms of support. The 1st Prize includes USD 5,000 and an eight-week international artist residency. The Uruguayan National Prize, exclusively for native Uruguayan artists, also includes USD 5,000 and an eight-week international artist residency. The 2nd Prize includes USD 3,000 and the 3rd Prize, USD 2,000.

Selected artists will also have opportunities to exhibit and circulate their work internationally through an exhibition programme throughout 2027. Planned venues include Galería Ruth Benzacar in Buenos Aires, Casa Vicens in Barcelona and Hotel & Spa Premium Locanda Cipriani in Punta del Este, with additional locations to be incorporated. The winning works will be exhibited in Punta del Este in January 2027 and may subsequently form part of international travelling exhibitions.

A first edition dedicated to painting

Participants must submit an original, previously unpublished work created between 2025 and 2026, following the techniques and dimensions established in the call. Registration is free and fully digital. Applicants must provide information about their work, a brief biography and three photographs. Only finalists will be required to send their work physically to Uruguay.

Finalists will be announced on 21 November 2026, with the finalists’ exhibition and winners’ announcement taking place in Punta del Este in January 2027. The evaluation process will be anonymous and confidential, without access to the artist’s identity, nationality or career background.

The BRAVA community and international jury

Beyond the awards, selected artists will join the BRAVA ecosystem and community, creating connections with other creators, gallery owners, curators, institutions and collectors. The international jury includes Patricia Bentancur (Uruguay), Mora Bacal (Argentina) and Chus Martínez (Switzerland), professionals with recognised careers in contemporary art.

View original content:https://www.prnewswire.co.uk/news-releases/fundacion-brava-opens-the-international-call-for-entries-for-the-first-edition-of-the-brava-awards-to-support-emerging-artistic-talent-302896612.html

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