Published at 10:02 pm
Updated at 10:50 pm with news from CCR
Corporate News
Petrobras about Braskem: ‘so far, there has been no decision from the executive board’
Petrobras informed after the market closed this Monday, the 6th, that it is carrying out due diligence on Braskem (BRKM5) for the possible exercise of tag along or preemptive rights, in the event of the sale of shares held by Novonor in Braskem, in accordance with the rules provided for in the Shareholders Agreement between Petrobras and Novonor.
“To date, there has been no decision by the Executive Board or the Board of Directors of Petrobras regarding the topic,” explained the state-owned oil company.
Petrobras reiterated that decisions on investments and divestments are “based on careful analyzes and technical studies, in compliance with governance practices and applicable internal procedures”.
CCR (CCRO3) temporarily suspends charges at its toll plazas in RS
CCR (CCRO3) had its activities impacted by heavy rains in Rio Grande do Sul.
The company, through its subsidiary Concessionária das Rodovias Integradas do Sul (CCR ViaSul), manages 473.4 kilometers of highways in the state.
The extreme rains caused several blockages on highways under the CCR ViaSul concession, CCR said in a statement to the market on Monday night.
As a way of supporting the flow and transportation of aid and supplies to the affected regions, CCR ViaSul has temporarily suspended charges at all toll plazas on its highways since 1 pm on May 5, 2024.
CCR highlighted that teams of geologists, engineers, technical consultants and infrastructure specialists from the state of Rio Grande do Sul continue to work together to evaluate the actions to be implemented in the recovery of bridges and viaducts and in clearing the affected roads.
The company also informed that CCR ViaSul has insurance to cover damage and loss of revenue, which it has already activated, as well as highlighting that these weather events are characterized as a fortuitous event or force majeure, whose additional impacts must be presented to the National Land Transport Agency – ANTT.
Taurus Armas (TASA3) temporarily suspends in-person operations at the São Leopoldo/RS unit
Taurus Armas (TASA3, TASA4) announced on the evening of this Monday, 6th, that for reasons of force majeure and in compliance with state decree No. 57,600 of May 4, 2024 issued due to the state of public calamity in Rio Grande do South due to intense rains, it momentarily suspended in-person operations at the manufacturing unit located in the city of São Leopoldo, in Rio Grande do Sul.
“The measure was taken in solidarity with the population of Rio Grande do Sul and our employees, so that we can help them in this difficult time”, explained the company.
The temporary suspension began this Monday, 6th, with a return scheduled for May 13th, when the company’s crisis committee will carry out a new assessment of the situation.
The administrative and support sectors continue to work in person and remotely.
The company highlighted that it was not affected by the floods and that the interruption will not affect sales, as in the American market it operates with a 60-day strategic safety stock at the Bainbridge Georgia unit.
Itaú (ITUB4) reports a profit of R$9.77 billion in 1Q24, an annual increase of 15.8%
Itaú (ITUB4) announced this Monday, 6th, that it had recurring managerial profit of R$ 9.77 billion for the first quarter of 2024 (1Q24). This value corresponds to an increase of 15.8% compared to 1Q23.
The recurring return on average annualized equity (ROE) was 21.9%. Among the factors that most influenced the results were the increase in the financial margin with customers, driven by the positive effect of the growth of the credit portfolio and the higher margin with liabilities, and the increase in revenues from services and insurance.
The cost of credit totaled R$8.8 billion in the first quarter of 2024, a drop of 3.2% when compared to the same quarter last year. The positive scenario in credit quality, due to recent harvests, and the consequent improvement in default rates justify the reduction in the cost of credit in the annual comparison, explained the company.
The total credit portfolio grew 2.8% compared to the first quarter of 2023, reaching R$1.184 billion in March 2024.
The individual portfolio increased by 2.6% in 12 months. Worthy of note are the 11.1% growth in personal credit; 5.4% in vehicles and 3.1% in real estate loans.
In the legal entities portfolio, there were important movements in rural credit; real estate credit; and BNDES and transfers.
Revenues from services and insurance grew 5.8% in the first quarter of 2024 compared to the same period in 2023, driven primarily by four factors: increased card revenue, both in issuance and acquisition; increased earnings from fund management; growth in revenues from economic-financial advisory and brokerage, especially due to higher volumes in fixed income; and higher insurance results due to the increase in premiums earned.
Trisul (TRIS3) defines date for payment of dividend
Trisul (TRIS3) set May 22, 2024 for the payment of dividends.
On that date, the first installment of the minimum mandatory dividends relating to the company’s results for the fiscal year ending December 31, 2023 will be paid, in the amount of R$ 14,710,801.5650, equivalent to R$ 0.08077863132 per common share. People registered as shareholders of the company on the base date of April 24 will be entitled to these mandatory dividends.
Also on May 22, the first installment of additional dividends will be paid based on profit reserves as of December 31, 2023, in the amount of R$3,289,198.4350, equivalent to R$0.01806135081 per common share. People registered as shareholders of the company on the base date of April 29, 2024 will be entitled to additional dividends.
Trisul stated that the payment of the second and final installment of mandatory dividends and additional dividends, in the remaining amounts, respectively, of R$ 14,710,801.5650, equivalent to R$ 0.08077863132 per common share; and R$3,289,198.4350, equivalent to R$0.01806135081 per common share, will occur until September 30, 2024.
Lojas Renner (LREN3): around 4% of the total units are temporarily closed in RS
Lojas Renner (LREN3) reported this Monday, 6th, that, due to the heavy rains that caused one of the worst climate disasters in the history of Rio Grande do Sul, the administration is taking several measures and closely monitoring the situation involving its employees , the community and the stores.
“Operationally, at this most critical moment, around 4% of the company’s total units are temporarily closed”, stated the retailer, highlighting that it does not have distribution centers in the state and that the impact of supplying products from the partners is “immaterial”.
According to the company, since the beginning, there has been a team specially dedicated to monitoring the situation in all units located in Rio Grande do Sul, as well as welcoming, flexibilization and support actions aimed at employees who live in affected locations, so that they can prioritize care for their families.
Multiplan (MULT3) informs about the situation of its shopping malls in RS
Multiplan (MULT3) reported on Monday night, the 6th, that its properties in the state of Rio Grande do Sul, BarraShoppingSul, ParkShopping Canoas and Golden Lake, were not directly affected by the heavy rains that occurred in the region in recent days.
The company expects a temporary reduction in the flow of visitors to the ParkShopping Canoas and BarraShoppingSul shopping malls, and a temporary suspension of construction work at Golden Lake. The shopping malls remain open, functioning as a support point for the population and collecting donations.
“Shopping malls have dedicated immense humanitarian efforts with the aim of supporting the actions carried out by local authorities working on emergency fronts with the affected population,” stated Multiplan.
WEG (WEGE3) will initiate planning to participate in the wind generation market in the USA
WEG (WEGE3) announced this Monday, 6th, that it will begin planning to participate in the wind generation market in the United States.
The company intends to use its high voltage motor and generator factory, located in Minneapolis, to progressively also manufacture its 7.X MW wind turbine platform.
“The planned initial investments are not relevant and are already considered in the capital budget approved by the company”, stated WEG.
The industrial park in Minneapolis, which will house the manufacturing of wind turbines, has 45,000 m2 of built area and approximately 200 employees.
The unit has modular capacity and operational flexibility that will allow expansion to adapt to the company’s needs.
The factory will be able to start supplying the first equipment from 2026. Meanwhile, the company will begin commercial activities to capture sales contracts and develop the local supply chain.
WEG said that it remains committed to the strategy and continued development of the wind generation business in its current operating markets, Brazil and India.
TIM’s profit
TIM (TIMS3) had normalized net profit of R$519 million in the first quarter of 2024 (1Q24). This value corresponds to an increase of 19% on an annual basis of comparison.
The telecom’s normalized Ebitda was R$2.89 billion in 1Q24, growth of 10.7% compared to 1Q23.
Normalized net revenue reached R$6 billion, an increase of 7.3% year-on-year.
Rede D’Or profit
Rede D’Or São Luiz (RDOR3) announced this Monday that it had a net profit of R$840.3 million in 1Q24. This value corresponds to an increase of 176.6% compared to 1Q23.
Adjusted net profit was R$892.9 million, an increase of 138.8% compared to 1Q23.
The hospital network’s adjusted Ebitda totaled R$2.18 billion, growth of 35% on an annual basis of comparison.
The company’s net revenue was R$12.3 billion, an expansion of 9.3% in the year.
Vivara (VIVA3) reports net profit of R$35.8 million in 1Q24
Vivara (VIVA3) had a net profit of R$35.8 million in the first quarter of 2024, a drop of 7.2% compared to 1Q23.
The jewelry chain’s adjusted EBITDA totaled R$57.2 million, a reduction of 1.4% on an annual basis of comparison.
Net revenue totaled R$444.6 million, an increase of 13.5% compared to 1Q23.
Loss from Pague Menos (PGMN3)
Pague Menos had an adjusted net loss of R$29.6 million in 1Q24, a drop of 46.5% compared to the loss in 1Q23.
The company’s adjusted Ebitda totaled R$96.9 million in 1Q24, an increase of 77.4% compared to 1Q23.
CBA Loss (CBAV3)
Companhia Brasileira de Alumínio (CBAV3) had a net loss of R$30 million in the first quarter of 2024. This reverses the profit of R$89 million in 1Q23.
The company’s adjusted Ebitda totaled R$146 million, an increase of 71% compared to 1Q23.
Minor loss from Guararapes
Guararapes (GUAR3) had a negative net result in the first quarter of 2024 (1Q24), with a loss of R$116.9 million. This value corresponds to a reduction of 33.4% compared to 1Q23, when there was a loss of R$175.6 million.
The retailer’s adjusted EBITDA grew 142.1% on an annual comparison basis, to R$211.8 million.
Consolidated net revenue reached R$1.99 billion, an increase of 9.1% compared to 1Q23.
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Tags: News Petrobras Taurus Weg results Tim Rede DOr Vivara Pague Menos CBA Guararapes
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