Latest news with #Morland
Yahoo
08-05-2025
- Business
- Yahoo
Schibsted ASA (SBBTF) Q1 2025 Earnings Call Highlights: Revenue Growth and Strategic ...
Q : Can you clarify the timing of the decision to sell the delivery business? Was there a strategic shift or change in performance that accelerated this decision? A : Per Morland, CFO, explained that there was no major strategic shift or change in the buyer landscape. The decision was part of a long-term strategy, and they are now ready to move forward with the sale. The company anticipates muted total revenue growth for the remainder of 2025, driven by advertising revenue pressures and strategic business simplifications. Mobility revenues declined by 1% in Q1, with challenges in the professional ARPA segment due to customer churn. Re-commerce revenues declined by 6%, influenced by the phase-out of non-core revenue streams and a 42% drop in advertising. The exit from jobs in Sweden and Finland negatively affected revenue growth, with ongoing impacts expected throughout 2025. The company achieved an 18% increase in group EBITDA, amounting to NOK394 million, driven by strong performance in real estate and reduced operating expenses. For the complete transcript of the earnings call, please refer to the full earnings call transcript . Story Continues Q: Should we read anything into your re-commerce conviction from the delivery announcement? How important is the delivery network for your re-commerce business? A: Christian Halvorsen, CEO, stated that the delivery announcement does not affect their conviction in re-commerce. They can operate re-commerce without owning the delivery network, as they do in other markets, and will maintain a partnership with the delivery network. Q: Can you provide insights on the advertising business and when you expect trends to improve? A: Per Morland, CFO, acknowledged dissatisfaction with the current advertising business performance, attributing it to the separation from media. The goal is to recover to previous levels, but macroeconomic conditions remain a variable. Q: Regarding the jobs segment, you're above your CMD target for margins. How should we expect margins to trend over the medium term? A: Christian Halvorsen, CEO, noted that Q1 is typically strong for jobs with high margins. However, margins are expected to normalize and end below the 55% target for the year. Q: On real estate in Norway, is the volume growth market-driven or due to a gain in listing share? A: Christian Halvorsen, CEO, clarified that volume growth is market-driven, not due to increased market share, as they have all properties listed. The media coverage of contract discussions is exaggerated, and they maintain a constructive dialogue with customers. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Times
01-05-2025
- Entertainment
- Times
Licence to Offend exhibition cancelled in case it causes offence
An exhibition of work by political cartoonists including The Times's Morten Morland has been cancelled because of fears it could cause offence. Hours before a private viewing on Wednesday, organisers of Licence to Offend told guests not to go after a last-minute decision by the venue, the TownSq co-working space in Kingston upon Thames, southwest London. The decision to pull the exhibition was criticised as 'idiotic' by Morland, who started working for The Times in 2002. His work had been hung in the venue on Saturday alongside previously published cartoons from Mac and Pugh of the Mail titles, Patrick Blower of The Daily Telegraph and Martin Rowson of The Guardian. The exhibition, featuring satirical images of Donald Trump and Sir Keir Starmer and the
The Guardian
19-04-2025
- Entertainment
- The Guardian
‘Nobody has done this before': Britain's beloved steam trains trial pioneering technology
About 500 steam trains run across the UK each year, from Penzance in the south to Inverness in the north, transporting tens of thousands of passengers to a bygone age, bringing joy to the faces of enthusiasts and bemusing commuters. But the future of main line steam operations could be under threat unless the traditional fire-breathing machines can be fitted with pioneering modern technology. The UK's railways are undergoing a major change to their signalling systems in the coming years. Network Rail is planning to remove traditional lineside colour light signals in favour of in-cab signalling systems along key routes. No steam locomotive in the world had ever been run with in-cab digital signalling – until now. On a Monday night earlier this month, the new technology was trialled for the first time as part of a 'pathfinder' project aimed at securing the future of steam locomotives in the UK. The 'A1' No.60163 Tornado – Britain's first steam locomotive to be built in 50 years and which has appeared in the Paddington 2 movie and on Top Gear – has been fitted with European Train Control System (ETCS) technology as part of a Network Rail-led initiative which was launched in 2021. Fitting the new technology cost about £9m. ETCS is to be rolled out across the country in the coming years and some trains will run in digital-only mode from the end of this year. It is already widely used in Europe and is seen as the industry standard signalling system for high-speed lines. Since 2011, the Cambrian Coast Line has been operated exclusively using the system as part of a different pilot programme. The Tornado ran west of Shrewsbury to Newtown and Welshpool overnight to trial the technology for the first time. 'It is existential to the sector if steam cannot run with ETCS … the team have done a brilliant job of getting us to this point,' a Network Rail spokesperson involved in the project told the Observer. 'The pathfinder [project] is all about saying 'this is going to be really hard, is it technically viable?' Nobody has ever done it with a heritage vehicle.' Since the privatisation of the railways, steam trains have been free to roam the national network subject to there being 'white space' in the timetables around service trains. 'We had quite a few challenges fitting the systems,' Rob Morland, electrical engineer at The A1 Steam Locomotive Trust, Tornado's owning group, told the Observer. 'This is a very harsh environment: we've got heat, coal, coal dust, shocks and vibrations and they all stress the systems.' A second steam-powered turbo generator, an axle-driven alternator and a dedicated battery bank had to be installed in order to power the equipment: 'The cab was stripped back to bare metal because of the sheer number of new conduits, boxes and equipment and that was the only practical way to do it,' Morland added. Amy Clouston, principal human factors specialist at engineering consultancy AtkinsRéalis, which designed the fitment of the systems, said: 'We had to test whether or not you can even use a touchscreen while you're hurtling along at up to 75mph. We've had to think about vibrations, lighting, noise, coal dust, water and steam and grubby fingers.' Clouston said her team also had to factor in the placement of the screens to avoid being hit by a fireman swinging a shovel around, while still being in a position where the driver can still see the safety-critical information displayed. 'Drivers have varied positions: some drivers hang out of the cab, others stand. It isn't a 'I'm sat at a desk' design of a modern diesel or electric locomotive,' she said. Keeping the computers powering the systems cool also proved to be a headache: 'The design team had the challenge of sealing them [against] coal dust and heat. Electronics in a sealed environment that's already hot does not bode well [for the longevity],' she added. 'Tornado's retrofit with our ETCS is a world-first project that has tested our technology in one of the most complex and harsh operating environments, proving heritage and digital systems can coexist without compromise,' Tank Porteous, main line signalling programme director at Hitachi Rail UK, a partner in the project, said. Tornado is so far the only steam locomotive to have been fitted with the system. Last year Network Rail issued a £40m tender document for companies to bid to fit 24 main line steam and heritage diesel locomotives. 'The price of future fitments will be significantly cheaper, there's no doubt about that, but we don't know yet exactly what that might be,' the NR spokesperson said. 'We need to work out how commercially viable it is going to be. This is going to form part of where we go in the future.' The spokesperson told the Observer the team have 'learned more in the extremes with Tornado than we will do anywhere elsewhere' and the results will influence the design of equipment that will be fitted. AtkinsRéalis's Clouston said the project was vital to the future of the main line steam sector: 'Steam is part of the nation's engineering heritage so it would be such a shame if it were to only be contained to private, heritage railways. Having steam locomotives out there on the main line is a wonderful thing to see.'
