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Category: Australia

  • MIL-OSI Australia: 229-2024: Australian Fumigation Accreditation Scheme: treatment provider ‘under review’, M/s Bureau Veritas (I) Pvt. Ltd. (AEI: IN0442MB)

    Source: Australia Government Statements – Agriculture

    24 October 2024

    Who does this notice affect?

    Stakeholders in the import and shipping industries—including vessel masters, freight forwarders, offshore treatment providers, Biosecurity Industry Participants, importers, customs brokers, principal agents and master consolidators.

    What has changed?

    Following the identification of biosecurity concerns, the department has listed M/s Bureau Veritas (I) Pvt. Ltd. (AEI: IN0442MB) as under review from the Australian…

    MIL OSI News –

    January 25, 2025

  • MIL-OSI Australia: 230-2024: List of treatment providers: treatment provider suspended – Efes Group Loj.Ikl.Ilc.Gida Ve Hayv.San.Ti.Ltd.Instanbul Subesi (AEI: TR4040SB).

    Source: Australia Government Statements – Agriculture

    24 October 2024

    Who does this notice affect?

    Stakeholders in the import and shipping industries—including vessel masters, freight forwarders, offshore treatment providers, Biosecurity Industry Participants, importers, customs brokers, principal agents and master consolidators.

    What has changed?

    Following identification of critical non-compliance, we have suspended Efes Group Loj.Ikl.Ilc.Gida Ve Hayv.San.Ti.Ltd.Instanbul Subesi (AEI: TR4040SB) on the…

    MIL OSI News –

    January 25, 2025

  • MIL-OSI Australia: Australia’s Indian Ocean Territories: Like nowhere else in Australia

    Source: Australian Ministers 1

    From endemic wildlife to iconic turquoise waters, the Indian Ocean Territories (IOT) are like nowhere else in Australia. Located over 2600km from mainland Australia, the IOT, comprising Christmas Island and the Cocos (Keeling) Islands, are home to some of our most remote communities – with unique challenges and opportunities. 

    UNIQUE SIGNIFICANCE

    In a region that has some of the world’s fastest-growing economies, the location of these external territories is of strategic importance to Australia, and how we continue to build stronger ties with our Indo-Pacific partners.

    The IOT play a key role in supporting India’s international space project, with Cocos (Keeling) to host a critical temporary satellite tracking facility for the Gaganyaan manned spacecraft missions.

    Utilising the islands’ unique position on the missions’ flightpaths represents a new phase in Australian and Indian space cooperation, fostering closer collaboration on space research, exploration and development.

    RESILIENCE, ADAPTABILITY & PREPAREDNESS

    As Minister for Territories, I am focused on building on-island capacity, which starts with utilising the resourcefulness of local communities to respond to local challenges.

    Our recent investment in Innovative Agricultural Trials demonstrated the benefits of growing produce on-island, which would reduce the reliance on importing fresh food.

    Our expansion of the Northern Australia Infrastructure Facility’s remit to cover the IOT will support unlocking more opportunities at our doorstep. 

    With climate change and natural disasters front of mind in the IOT, the Albanese Government is assisting these communities with their resilience, adaptability and preparedness, by rolling out our Disaster Ready Fund. 

    Extending the Government’s Energy Bill Relief Fund to the IOT – the first time non-self-governing territories have been able to access a Commonwealth Government rebate – also demonstrates our commitment to easing cost-of-living pressures and supporting local businesses to grow.

    A TRUE NATIONAL TREASURE

    And, of course, this region is critical to the defence of our nation, which is why the Albanese Government is investing in Australian Defence Force bases across our north, in addition to infrastructure improvements for the Cocos (Keeling) Islands airfield, to better support maritime operations. 

    From strengthening our bilateral relations, supporting multilateral defence activities and offering travellers from around the world a unique experience, the diversity of the IOT cements this region as a true national treasure.

    It is home to some of the world’s most precious environments, deep cultural history, and opportunities that the Albanese Government does not want to pass by. We will continue working with communities in the IOT and key stakeholders to leverage the potential of this region, and to support a sustainable future.

    MIL OSI News –

    January 25, 2025

  • MIL-OSI Australia: RadComms 2024 – Melbourne

    Source: Australian Ministers 1

    Good morning,

    Thank you Chair, Nerida O’Loughlin (PSM) for your introduction and inviting me to speak.
     
    Good morning to all the Authority Members & hardworking staff of the ACMA, and the industry here today.
     
    Some of you may be aware that ACMA Deputy Chair, Creina Chapman, who has expertly held the position since 2018, is retiring and not seeking reappointment.
     
    Creina, over the past six years, you have made an outstanding contribution to the ACMA and Australia’s communications and media landscape.
     
    You have contributed to reforms that have made a real difference to connectivity and consumer safety. And you have always conducted yourself with kindness and compassion.
     
    Thank you for brining your intellect & integrity to this very important role. You have made this regulator stronger.
     
    I am pleased to be here for RadComms 2024, which is exploring the contribution of the digital economy and spectrum to a better-connected Australia.
     
    I acknowledge the Traditional Owners – the Wurundjeri people of the Kulin Nation. I pay respect to elders past and present.
     
    I extend this to First Nations people in attendance, including Associate Professor Lyndon Ormond-Parker, Co-Chair of the First Nations Digital Inclusion Advisory Group, established by the Albanese Government.
     
    Dr Ormond-Parker and Co-Chair, Dot West (OAM), have expertly led the Advisory Group, engaging many First Nations communities – indeed many of you in this room.
     
    The Advisory Group’s initial report to Government is the culmination of this.

    It has been insightful as to how – in partnership with First Nations peoples – we can support digital inclusion.
     
    Our Government is delivering on key recommendations of the report, including  free community Wi-Fi in around 20 remote communities, to provide better opportunities for education and training, employment and jobs, and improved access to essential services and information.
     
    We have also established a digital support hub and network of digital mentors, and improving the national collection of data on First Nations digital inclusion.
     
    It is wonderful to address RadComms for a second time as Communications Minister.
     
    The theme of this year’s event is: Supporting the present, empowering the future.
     
    It is an opportunity to explore how spectrum can deliver the applications and technologies that will shape our future.
     
    Telecommunications, technology, broadcasting and the media is evolving fast.
     
    Our connectedness and economic prosperity as a country hinges on how we best manage this transition.
     
    Managing radiofrequency spectrum, and regulating services in this fast-changing environment presents some challenges.
     
    But by mitigating risks, embracing technological change, and supporting business certainty, we can foster the opportunities.
     
    At RadComms 2022, I spoke about the importance of stability and predictability around radiofrequency spectrum management.
     
    We allocated close to $28 million to support the ACMA’s delivery of a modernised spectrum management system and a new auction capability.
     
    Building on the theme of stability and predictability, today I will discuss how the Albanese Government’s approach is supporting industry and consumers.
     
    Labor’s vision is for Australia to become the most connected continent on earth. And we can’t do this without the efficient use of spectrum.
     
    Spectrum licences across a number of highly important bands are due to expire from 2028 to 2032.  Industry needs sufficient time to plan and deploy communications services using that spectrum.
     
    It is the role of Government to provide clarity to licensees, and potential licensees, through our policy objectives.
     
    This is why I issued a Ministerial Policy Statement on Expiring Spectrum Licences to the ACMA in April.
     
    This aims to provide the ACMA with a strategic direction in reaching its decisions throughout the expiring spectrum licence process, and ensuring outcomes are in the long-term public interest.
     
    The Statement sets out the Albanese Government’s key communications policy objectives, including capacity for sustained investment and innovation.
     
    For improved connectivity and investment in regional, rural and remote areas.
     
    And the key objective of better services in the long-term interests of consumers.
     
    The Albanese Government’s $1.1 billion Better Connectivity Plan for Regional and Rural Australia has made significant inroads into improving mobile coverage across the country. 
     
    More efficient spectrum use is central to the significant upgrades we are delivering across the National Broadband Network: from fibre to fixed-wireless and Sky Muster.
     
    In addition to our $2.4 billion investment in fibre to 1.5 million more premises, we have invested $480 million to deliver better, faster fixed wireless broadband to regional communities.
     
    This, in turn, is improving the customer experience for those on Sky Muster, which is now unmetered thanks to the Albanese Government.
     
    We are delivering the quality communications infrastructure Australians rightly expect and deserve across the technology mix. And we are doing this on time and on budget.
     
    A further development that is making a positive impact is the increasing role that tower infrastructure operators are playing in bringing innovations to the market, like spectrum-sharing projects in regional areas.
     
    Investments by industry in the expanding peri-urban areas will help keep pace with ever growing community demand for mobile connectivity.
     
    Our Peri-Urban Mobile Program – PUMP – and reforms to new housing estate deployments, demonstrates how Government and industry can work together to deliver on community connectivity expectations.     
     
    But there are still areas, and communities, that experience poor, inadequate or even no mobile service. We know that mobile connectivity is not widely available in many First Nations communities, for example, or even on the outskirts of major regional towns.
     
    We have received this feedback from the First Nations Digital Inclusion Advisory Group and the Regional Telecommunications Independent Review Committee. I look forward to receiving the Committee’s final report to Government later this year.
     
    When we talk about connectivity, we are also talking about the quality of service.
     
    I am hearing from people living and working in rural and regional areas that while their device may display reception bars, congestion and capacity issues often translate into slow connections and limited capability beyond basic text and voice functionality.
     
    In other words, their smart phones and devices are anything but.
     
    The Ministerial guidance I provided to the ACMA regarding the management of expiring spectrum licences was purposefully broad in scope.
     
    It encourages the ACMA to develop a considered view on the use of alternative licensing conditions in its expiring spectrum licence process. For example: 

    • rollout or deployment commitments;
    • harnessing spectrum and infrastructure-sharing efficiencies; and
    • innovative approaches to connecting the perpetually under-connected – First Nations, regional and remote communities.

    Today’s digital, technological and market environment is starkly different to that of 15 years ago, when expiring licences were first issued.
     
    And it continues to evolve.
     
    The Ministerial Guidance to the ACMA is ambitious, and it forms part of our broader objective to set Australia up to become the most connected continent.
     
    As we work towards this future, we must also consider what lies ahead for television broadcasting.
     
    I am on the record & I reiterate it here – I believe in the broadcasting platform.

    A central goal of our media reform program is to support the important role of free-to-air television broadcasting in Australian society.
     
    This is demonstrated through the prominence framework the Albanese Labor Government legislated and our reforms to the anti-siphoning scheme.
     
    Free-to-air television services are integral to our media ecosystem: 

    • they are the conduits for Australian stories;
    • they are the trusted source of news to millions; and
    • they provide the sporting moments that define our national psyche. 

    But there is significant uncertainty as to what television broadcasting will look like in 10, or 20 years.
     
    What we can be sure of, is that it will not be what it is now.
     
    Audience and technology trends are clear. There is an ongoing shift from linear content consumption to on-demand.
     
    But – that does not mean a ‘lights out’ moment for broadcasting. We know most Australians are hybrid users, utilising on-demand services alongside linear consumption.
     
    And terrestrial and satellite broadcasting networks can do things that are still not possible in the online environment in terms of reliability and service provision.
     
    There is an essential and ongoing role for broadcasters in our media future, but broadcasting must change.
     
    A sustainable future for broadcasting will require changes to the way in which broadcasters operate and the way they reach their audiences.
     
    Choices will need to be made now if we are to realise that future.

    Free-to-air television broadcasting is entering a period of unmanaged transition.
     
    Consumer consumption preferences and falling revenue are – despite deep cost cutting initiatives – putting some broadcasters in a position where they can’t keep the doors open, for certain services.
     
    We saw this with the closure of Mildura Digital Television in July.
     
    If we stay on this unmanaged pathway, these trends will continue: more service closures in remote and regional markets, where the financial pressures are greatest. These pressures may eventually manifest in the larger cities.
     
    Allowing a sector that delivers so much to Australian consumers to grind to a halt, for services to blink out, is not in the interests of local communities.
     
    For consumers, it will mean less diversity and less choice. It will mean some consumers get left behind.
     
    For industry, it will be increasingly difficult to raise the capital needed for much needed business transformation.
     
    For Government, it will mean that the achievement of key public policy outcomes will be diminished: an informed citizenry; a strong and vibrant democracy; and engaged and cohesive local communities.
     
    But an unmanaged transition is not the only way forward.
     
    There is no going back to the golden era of television that existed before the internet, and nor should we want to.
     
    Consumers have never had so much choice.
     
    The reality is that commercial television broadcasting cannot continue in the manner it has done over the past decades.
     
    This is simply not sustainable.
     
    The way the industry uses radiofrequency spectrum needs to be examined.
     
    Industry has been making enhancements. Many broadcasters have made, or are making, the transition to MPEG-4 which improves the efficiency and quality of services.
     
    We have seen certain broadcasters make changes to their spectrum use that would have been unthinkable only a few years ago.
     
    In South Australia, WIN Television has consolidated the services of two networks onto one television multiplex in two regional markets.
     
    WIN has realised cost savings without eroding services available to audiences.
     
    This is a portent for the future.
     
    A sustainable television broadcasting sector will necessitate some form of spectrum and infrastructure consolidation, and changes in the way content is delivered. 
     
    Achieving an efficient consolidation will be challenging, but it is a goal that the Albanese Government is committed to.
     
    We are supporting the sector under the existing regulatory framework.
     
    We have introduced the Regional Broadcasting Continuity Bill 2024 to remove impediments that would otherwise prevent WIN, or any other broadcaster, from consolidating services onto a single multiplex and operating their transmitters more efficiently.
     
    This won’t, of itself, guarantee financial sustainability for broadcasters. But it is an important initiative to enable them to seek out efficiencies where they can.     
     
    Another way we’ve provided stability to the sector is with the passage of legislation in March this year to repeal the 30 June expiry date for community television licences in Melbourne and Adelaide.
     
    This means that these broadcasters will continue to remain on-air and provide valuable services until there is an alternative use for the radiofrequency spectrum.
     
    The Government has also moved to promote stability by ensuring continuity of the Viewer Access Satellite Television (VAST) service over the next seven years. VAST is essential to over 1.5 million Australians who rely on it – either directly or indirectly – to access free-to-air television in remote Australia or those in areas with poor terrestrial reception. 
     
    We have otherwise been undertaking an audit of remote and regional television infrastructure.
     
    We know transmission and reception equipment is at, or beyond, end-of-life in many remote and regional areas, including the VAST services in First Nations communities.
     
    This undermines the ability of people in those communities to access the information they need to make informed choices about their lives.
     
    Television broadcasters have been working very productively with officials from my department to quantify those infrastructure deficiencies and gaps, and I thank them and encourage them to continue to do so
     
    The information stemming from the audit will be a key input to future consideration of the need for capital renewal and maintenance to support the provision of television services in remote and regional areas.  
     
    While the initiatives and processes I have just described will support the sustainability of commercial television services, there is a broader conversation to be had around longer-term reforms.

    The acceleration of declining revenues, and the pressure the sector is facing, makes considerations around the future of television broadcasting pressing.
     
    But this work can’t be done in isolation.
     
    Industry and Government need a shared understanding of what the future of television is to help align our goals and the coordination of public policy.
     
    To that end – the Albanese Government will work closely with industry on a plan to secure the future of free-to-air television, to position it to continue to inform, educate and entertain Australians.
     
    Our Government is seeking to explore the possibility of realising a digital dividend: options for the more efficient use of spectrum and infrastructure for television, which enables potential reallocation of spectrum to other uses.
     
    The first step will be the development of a discussion paper to support engagement with interested parties on this important initiative, to be released for consultation in early 2025.
     
    Spectrum requirements for television will depend on an assessment of the optimal mix of delivery mechanisms in 5, 10, and 20 years. They need to consider the role and capabilities of broadband infrastructure. And they need to be grounded by a view of what television should look like in the medium-term.
     
    The Government will engage right across the ecosystem: with broadcasters, infrastructure providers, mobile network operators, and consumers to ensure a shared understanding of what television in Australia should look like in a decade, and what is needed to get there.
     
    We want commercial television broadcasters to be able to continue to deliver content that is highly valued by Australian’s. But there is work to be done to get us on the right path and to avoid a costly and disruptive contraction of the sector.  
     
    But let me be very clear here, about what I am announcing, and what I am not announcing.
     
    I am announcing that the Government will explore pathways for the future of television, shaped by the possibility of realising a digital dividend.
     
    In doing so, I am putting, front and centre, the important question of what the future of television may be – because the television broadcasting is an essential platform in Australia, and we need a mature and measured discussion to plan its future.
     
    I am not announcing that the Government has identified, or decided to yield, a digital dividend. We have not.
     
    And I am not announcing any details on the issues or options or pathways today.
     
    I am announcing that Government will commence the process of exploring these pathways, in consultation with industry, and that this will commence in earnest, with a discussion paper, early next year.
     
    The process will consider the role and capabilities of broadband infrastructure, acknowledging the significant and growing reliance on telecommunications networks for television and video streaming. And it will consider the role of spectrum pricing as the Government assesses the future spectrum needs of broadcasting.
     
    Taking a long-term view of the future of television broadcasting will provide greater certainty for consumers and industry, ensuring Australians have continued access to valued free-to-air content – with the diversity, choice and social cohesion benefits that it brings.
     
    As I mentioned, the future of television must also consider the role of broadband.
     
    There is already a significant reliance on telecommunications networks for television and video streaming, and this is only going to grow.
     
    All possible television futures will require careful consideration of technological innovation and investment choices to manage the load on networks from television viewing.
     
    Broadband rollout and availability is only part of the picture.
     
    We know that availability doesn’t equate to take-up, and that there will remain a cohort of Australians unable to utilise online infrastructure due to a lack of financial means, skills, or interest.
     
    This is also part of the reason why free-to-air broadcasting remains such a critical delivery platform, with significant impacts for social inclusion and community cohesion. 
     
    For this reason and many others, the Albanese Government is improving connectivity for all Australians.
     
    Our significant investment in the National Broadband Network, for example, is delivering high-speed broadband services to households and businesses across the country, with a significant focus on regional and rural communities.
     
    We are positioning Australia as a test-bed for new and emerging tech, such as using Low Earth Orbit Satellites to support voice services. Trials in this space are underway.
     
    Our Universal Service Reform will deliver a modern, fit-for-purpose universal service framework with sustainable, long-term funding of services in rural and remote areas.
     
    In closing, Labor is a reformist Government; we are not afraid to make big reforms in the long-term public interest, even if they are difficult ones.  
     
    Our future connectedness and prosperity as a country will hinge on how we collectively manage the communications and media transition going forward.
     
    We must work together to ensure that the services people rely on remain relevant, efficient and accessible for consumers.
     
    Everyone in this room has a key role to play in determining this future success.

    Our Government will support you to play that role.
     
    As we work towards our vision for Australia to be the most connected continent.
     
    Thank you.

    MIL OSI News –

    January 25, 2025

  • MIL-Evening Report: ‘We will not allow others to determine our fate’: Pacific nations dial up pressure on Australia’s fossil fuel exports

    Source: The Conversation (Au and NZ) – By Liam Moore, Lecturer in International Politics and Policy, James Cook University

    Tuvalu’s Prime Minister Feleti Teo took to a stage in Apia, Samoa, on Thursday morning to say something pointed. Planned fossil fuel expansions in nations such as Australia represented, for his nation, a “death sentence”. The phrase “death sentence”, Teo said, had not been chosen lightly. He followed up with this: “We will not sit quietly and allow others to determine our fate.”

    Teo chose the moment for this broadside well – on the sidelines of the Commonwealth Heads of Government Meeting (CHOGM), attended by both King Charles and Australian Prime Minister Anthony Albanese. The speech came at the launch of a new report on moves by the “big three” Commonwealth states – the United Kingdom, Canada and Australia – to expand fossil fuel exports.

    These three states make up just 6% of the population of the Commonwealth’s 56 nations, but account for over 60% of the carbon emissions generated through extraction since 1990, the Fossil Fuel Non-Proliferation Treaty Initiative report shows.

    Canada and the UK are no climate angels, given their respective exports of highly polluting oil from oil sands and North Sea oil and gas. But Teo and others in the movement to stop proliferation of fossil fuels have reserved special criticism for Australia. That’s because Australia is now second only to Russia based on emissions from its fossil fuel exports and has the largest pipeline of coal export projects in the world – 61% of the world’s total.

    The elephant in the room

    Tuvalu, like many other small Pacific nations, is laser-focused on the threat of climate change. Across the Pacific, rising sea levels and saltwater intrusion are already pushing people to consider migration or retreat.

    Australia has long been influential in the Pacific, even more so as Western states try to outcompete Chinese funds and influence in the region. But fossil fuel exports are a very large elephant in the room.

    As Tuvalu’s leader points out, Australia is:

    morally obliged to ensure that whatever action it does [take] will not compromise the commitment it has provided in terms of climate impact.

    Teo pointed out the “obvious” inconsistency between Australia’s commitment to net zero by 2050 and ramping up fossil fuel exports.

    This year, Australia and Tuvalu’s groundbreaking Falepili Union treaty came into force. The treaty includes some migration rights for Tuvaluans as well as a controversial security agreement. But Teo has now flagged using this as leverage to “put pressure on Australia to align its activities in terms of fossil fuels”.

    Tuvalu’s diplomatic pressure is a small part of broader efforts by island states facing escalating climate damage to be seen not as passive victims but to emphasise, as Teo said, they are also “at the forefront of climate action”.

    Echoing these sentiments was Vanuatu’s climate envoy, Ralph Regenvanu. He called on Commonwealth nations to “not sacrifice the future of vulnerable nations for short-term gains”, and “to stop the expansion of fossil fuels in order to protect what we love and hold dear here in the Pacific”.

    Vanuatu and Tuvalu have led the campaign for a fossil fuel non-proliferation treaty, committing signatories to ending expansion of fossil fuels. So far, 12 other nations have joined, including Fiji, Solomon Islands, Tonga, Republic of Marshall Islands, Colombia and the CHOGM host, Samoa.

    Australia all alone?

    It’s not surprising to see Australia facing these calls for action. The meeting is being held in Samoa, the first time a Pacific Island state has hosted Commonwealth leaders.

    Leaders of other large Commonwealth states have skipped the meeting. Notable by their absence were Indian Prime Minister Narendra Modi, South African President Cyril Ramaphosa and Canadian Prime Minister Justin Trudeau.

    Climate action is one of several background issues in Apia. One of the more significant is the call for reparations for slavery from former British colonies – calls UK Prime Minister Keir Starmer is keen to put to the side. But reports on the ground suggest the issues of reparations, monarchy and the future relevance of the Commonwealth are all in the shadow of the main concern – climate change.

    The meeting also serves as a precursor to November’s United Nations climate talks, the COP29 conference in Baku, Azerbaijan. Pacific nations are focused on building consensus on climate finance.

    Australia has its own concerns. The host of the 2026 COP31 conference will be announced in Baku, with a joint Australia-Pacific bid in competition with Türkiye. Observers suggest Australia is in the box seat, but it has faced consistent pressure from Pacific states to reconcile its actions with its climate rhetoric.

    There are domestic implications too. As the next federal election looms, the lure of a potential A$200 million windfall for the COP host city would be more than welcome.

    Securing an Australia-Pacific COP could also boost the government’s environmental credentials as it comes under sustained attack from the Greens over fossil fuels and the Coalition over energy security and nuclear power.

    In Apia, Pacific efforts to convince leaders of the need for greater climate action are reported to include a walk through a mangrove reserve for King Charles, guided by Samoan chief and parliamentarian Lenatai Vicor Tamapua. Tamapua told the ABC he showed leaders how king tides today were “about twice what it was 20, 30 years ago”, which he says is forcing people to “move inwards, inland now”.

    For Australia, difficult questions remain. How will it balance regional demands to phase out coal and gas exports with domestic pressures to maintain jobs, public funds and economic growth? Can it walk the tightrope and be the partner of choice in the Pacific while continuing to explore for, extract and export coal and gas?

    These questions will not be resolved in Apia. They might not even be resolved by the next federal government, or by the time COP31 arrives. But they will not go away.

    The way Australia and other exporters resolve these tensions will, as Teo says, decide whether Tuvalu stays liveable – or goes under.

    Liam Moore does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. ‘We will not allow others to determine our fate’: Pacific nations dial up pressure on Australia’s fossil fuel exports – https://theconversation.com/we-will-not-allow-others-to-determine-our-fate-pacific-nations-dial-up-pressure-on-australias-fossil-fuel-exports-242103

    MIL OSI Analysis – EveningReport.nz –

    January 25, 2025

  • MIL-OSI Australia: Travel times and congestion to be slashed with opening date set for Wilman Wadandi Highway

    Source: Australian Ministers 1

    Bunbury locals and thousands of commuters heading to Western Australia’s South West will get an early Christmas present this year with the Australian and Western Australian Governments today announcing the Wilman Wadandi Highway, previously known as Bunbury Outer Ring Road, will officially open to traffic on Monday, December 16.

    The new road will slash commute times to and from the South West by around 20 minutes depending on traffic conditions, while also diverting an average of around 15,000 vehicles from local Bunbury roads every day.

    Commuters travelling to and from the South West currently have to use a number of local roads in the Bunbury area, which have become significantly constrained in recent years with growing traffic volumes and increased housing development.

    The new road will separate freight and tourist traffic from local traffic, improving road safety, reducing congestion, and providing more efficient travel for motorists.

    The four-lane highway stretches 27 kilometres, connecting Forrest Highway north of Bunbury to Bussell Highway south of Bunbury. It includes five new bridges and four grade-separated interchanges, while commuters heading to and from the South West will now avoid 13 sets of traffic lights.

    The Wilman Wadandi Highway is the biggest road project ever delivered in the South West, becoming a major driver for economic stimulus and job creation in the region.

    More than $530 million in funding flowed to about 370 local businesses, while the project created about 4,500 jobs.

    Around $50 million has also been allocated to Aboriginal suppliers, and almost 200 local Aboriginal people received on-the-job training through the project’s award-winning Yaka Dandjoo program.

    While the main alignment will be open, some minor works will still be underway across a range of areas including on some local roads, landscaping, artwork, and minor tie-in works.

    In the lead up to the opening, Main Roads will host a number of community drop-in sessions across the South West region, where members of the community will be able to go and learn more about the new alignment and the different access routes that will be available upon opening.

    A community event will also be hosted the day before opening, which will provide residents in the region an opportunity to learn more about the new road and how it will change the way locals commute.

    Residents in the metro area that travel to and from the South West are encouraged to head to the Wilman Wadandi Highway project page on the Main Roads website to acquaint themselves with the new route before it opens.

    The Wilman Wadandi Highway has been jointly funded by the Australian and Western Australian Governments, underscoring a commitment to the long-term regional growth of the area.

    The Australian Government has committed $1.1 billion, while the WA Government has contributed $356.7 million to the $1.46 billion project.

    To find out the latest information on the project and upcoming drop-in sessions, please visit the project page(link is external) on the Main Roads website. 

    Quotes attributed to Federal Infrastructure, Transport, Regional Development and Local Government Minister Catherine King:

    “We’re thrilled that the Wilman Wadandi Highway will soon be open to traffic, marking a significant milestone for this massive $1.46 billion project.

    “Our government is proud to be partnering with the Western Australian Government to deliver a project that not only reduces congestion and travel times but also boosts efficiency and network reliability, benefitting every road user across the region.

    “Beyond the road efficiencies, the highway will enhance connectivity for the region, providing economic opportunity and long-term regional growth for generations to come.”

    Quotes attributed to WA Transport Minister Rita Saffioti:

    “This project has been a game changer in terms of its economic impact for the region, and it will continue to drive incredible outcomes from December when thousands of vehicles will be diverted from local Bunbury roads.

    “Locals and anyone that drives to and from the South West know how congested the roads around Bunbury can get, but that will be a thing of the past when this highway opens.

    “This project represents the biggest change we’ve ever seen for the commute to and from the South West – with drivers looking at time savings of around 20 minutes, while they’ll now avoid 13 sets of traffic lights.

    “It’s a massive win for Bunbury locals, who for many years have had to compete with freight and tourist traffic and will now see thousands of vehicles removed from the local road network.”

    Quotes attributed to Federal Member for Perth Patrick Gorman:

    “The Wilman Wadandi Highway is a welcome investment connecting Perth to the South West. Delivering traffic improvement for motorists and a boost for local businesses, giving both groups a far more efficient transport link around Bunbury.

    “Our government is working closely with the WA Government to deliver meaningful projects like the Wilman Wadandi Highway. Ensuring local values, planning and investment come together to provide the best results for communities well into the future.”

    Quotes attributed to Senator for Western Australia Louise Pratt:

    “The Australian Government is pleased to partner with the Western Australian Government to deliver a highway that takes the pressure off Bunbury’s roads and provides a safer and more efficient transport link.

    “Apart from bringing the obvious improvements to traffic congestion, the Wilman Wadandi Highway will also smooth the way for economic stimulus and job creation in Western Australia’s South West region.”

    Quotes attributed to State Member for Bunbury Don Punch:

    “The Wilman Wadandi Highway is a critical piece of infrastructure that is and will continue to deliver enormous benefits to the local community, including more reliable, efficient and safer travel in the South West.

    “As our region continues to grow, the Wilman Wadandi Highway is essential to support future development, local jobs and business growth.”

    Quotes attributed to State Member for Collie-Preston Jodie Hanns:

    “The Wilman Wadandi Highway will make a real difference to the community in the South West, reducing travel times and improving road safety for everyone who lives and works here.

    “It has been great to see such an emphasis on local employment and Aboriginal engagement through the award-winning Yaka Dandjoo program, ensuring that the benefits of this project are widely felt across the community.”

    Quotes attributed to State Member for Murray-Wellington Robyn Clarke:

    “The Wilman Wadandi Highway will deliver a safer, more efficient transport route for the entire South West region, reducing the burden on our local roads, helping improve our road networks.

    “As someone who lives and travels in the South West, I know how much of a difference the Wilman Wadandi Highway will make in the region, and with road safety being such a critical priority, creating safer travel in the South West is a great outcome for locals.”

    MIL OSI News –

    January 25, 2025

  • MIL-OSI: Dassault Systèmes: Third quarter results in-line – Anticipating top line acceleration in 4Q – Confirming full year EPS objective

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    VELIZY-VILLACOUBLAY, France — October 24, 2024

    Dassault Systèmes: Third quarter results in-line

    Anticipating top line acceleration in 4Q

    Confirming full year EPS objective

    Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today reports its IFRS unaudited estimated financial results for the third quarter 2024 and nine months ended September 30, 2024. The Group’s Board of Directors approved these estimated results on October 23, 2024. This press release also includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix.

    Summary Highlights1  

    (unaudited, non-IFRS unless otherwise noted,
    all growth rates in constant currencies)

    • 3Q24: total revenue rose 4% to €1.46 billion driven by subscription revenue up 8%;
    • 3Q24: sequential improvement of MEDIDATA revenue;
    • 3Q24: operating margin of 29.6% and EPS at €0.29, in line with guidance;
    • YTD24: IFRS cash flow from operations up 6% as reported;
    • FY24: confirming diluted EPS objectives of €1.27 – €1.30, while updating total revenue growth from 6 – 8% to 5 – 7% to reflect the continued scrutiny and contraction of the automotive market. Anticipating total revenue growth acceleration at 8% mid-point in 4Q24.

    Dassault Systèmes’ Chief Executive Officer Commentary

    Pascal Daloz, Dassault Systèmes’ Chief Executive Officer, commented:

    “As we enter the second half of the year, we have seen several end-markets gaining momentum. In Life Sciences, MEDIDATA is back to sequential growth improvement. At the same time, we had excellent performance in Consumer industries driven by CENTRIC PLM. SOLIDWORKS accelerated growth in revenue and seats. Importantly, Aerospace & Defense was resilient and delivered a solid performance this quarter.

    However, since late summer, automotive customers in Europe and the US have been impacted by a contraction in volumes. This accelerates the need for transformative decisions, while elongating decision-making in the short term. Momentum in Asia, and China in particular, remains strong.

    We are well-positioned to continue gaining market share in the industrial sector. We are confident that our data-centric platform will serve as a catalyst for transformation. In the age of AI, virtualizing industrial processes from design to manufacturing will be a prerequisite for OEMs and suppliers to compete successfully in this next decade.”  

      

    Dassault Systèmes’ Chief Financial Officer Commentary

    (revenue, operating margin and diluted EPS growth rates in constant currencies,
    data on a non-IFRS basis)

    Rouven Bergmann, Dassault Systèmes’ Chief Financial Officer, commented:

    “In the third quarter, our total revenue grew by 4%, while the operating margin remained resilient at 29.6% and EPS stood at €0.29, highlighting the operating efficiency of the company.

    For the full year, we are reconfirming our EPS target range of €1.27 – €1.30 while remaining disciplined to offset the effects of ongoing deal delays and contraction in automotive volumes. Accordingly, we are adjusting our total revenue growth expectations from 6 – 8% to 5 – 7%.

    This updated guidance reflects expected growth acceleration in the fourth quarter, driven by continued improvements at MEDIDATA and a robust 3DEXPERIENCE pipeline.”

    Financial Summary

    In millions of Euros,
    except per share data and percentages    		   IFRS   IFRS
      Q3 2024 Q3 2023 Change Change in constant currencies   YTD 2024 YTD 2023 Change Change in constant currencies
    Total Revenue   1,463.9 1,424.7 3% 4%   4,459.3 4,308.0 4% 4%
    Software Revenue   1,312.4 1,286.7 2% 3%   4,011.8 3,883.9 3% 4%
    Operating Margin   18.9% 21.2% (2.4)pts     19.6% 20.0% (0.3)pt  
    Diluted EPS   0.18 0.18 0%     0.61 0.54 12%  
    In millions of Euros,
    except per share data and percentages    		   Non-IFRS   Non-IFRS
      Q3 2024 Q3 2023 Change Change in constant currencies   YTD 2024 YTD 2023 Change Change in constant currencies
    Total Revenue   1,463.9 1,424.7 3% 4%   4,459.3 4,308.0 4% 4%
    Software Revenue   1,312.4 1,286.7 2% 3%   4,011.8 3,883.9 3% 4%
    Operating Margin   29.6% 31.0% (1.5)pt     30.2% 31.0% (0.8)pt  
    Diluted EPS   0.29 0.28 3% 4%   0.89 0.84 6% 8%

    Third Quarter 2024 Versus 2023 Financial Comparisons

    (unaudited, IFRS and non-IFRS unless otherwise noted,
    all revenue growth rates in constant currencies)

    • Total Revenue: Total revenue in the third quarter grew by 4% to €1.46 billion, and software revenue increased by 3% to €1.31 billion, both at the low end of the Company’s objectives. Subscription & support revenue rose 5%; recurring revenue represented 83% of software revenue, up 2 percentage points compared to last year. Licenses and other software revenue declined by 7% to €229 million. Services revenue increased by 10% to €151 million, during the quarter.
    • Software Revenue by Geography: Revenue in the Americas increased by 6% to represent 41% of software revenue, led by Home & Lifestyle from an Industry standpoint. Europe (36% of software revenue) declined by 4%, largely impacted by a strong comparison basis after a large transformation deal signed in the third quarter of 2023. In Asia, revenue increased by 9% with continued momentum across countries led by improvement in China, up double digits. Asia represented 23% of software revenue at the end of the third quarter.
    • Software Revenue by Product Line:
      • Industrial Innovation software revenue declined by 1% to €685 million, against a high comparison basis. The strong baseline effect combined with a weaker automotive market in Europe and the US weighed on the performance. Industrial Innovation software represented 52% of software revenue, during the period.
      • Life Sciences software revenue was flat, at €280 million, accounting for 21% of software revenue. Sequential growth improvement confirms MEDIDATA progressive recovery.
      • Mainstream Innovation software revenue increased by 15% to €348 million and represented 26% of software revenue. SOLIDWORKS had a good start in the second half of 2024, up mid-single digits in the quarter. CENTRIC PLM delivered another excellent quarter, due to competitive displacements and strong renewals.
    • Software Revenue by Industry: Home & Lifestyle, High-Tech, Aerospace & Defense and Marine & Offshore were among the best performers during the quarter.
    • Key Strategic Drivers: 3DEXPERIENCE software revenue was impacted by a tough comparison base due to the anniversary of a mega deal. Hence, we saw a temporary decline of 10%. However, the performance on a year-to-date basis was in line with objectives and, looking at the subscription growth, the trend was very strong at 41%. 3DEXPERIENCE software revenue represented 37% of 3DEXPERIENCE eligible software revenue. Cloud software revenue grew by 7% and represented 25% of software revenue during the period. Excluding MEDIDATA, Cloud software revenue increased by a strong 38%.
    • Operating Income and Margin: IFRS operating income declined by 9% at €276 million, as reported. Non-IFRS operating income declined by 1% in constant currencies at €433 million (2% as reported). The IFRS operating margin stood at 18.9% compared to 21.2% in the third quarter of 2023. The non-IFRS operating margin totaled 29.6% versus 31.0% during the same period last year.
    • Earnings per Share: IFRS diluted EPS was €0.18, flat as reported. Non-IFRS diluted EPS grew to €0.29, up 3% as reported, or 4% in constant currencies.

    Nine months ended 2024 Versus 2023 Financial Comparisons

    (unaudited, IFRS and non-IFRS unless otherwise noted,
    all revenue growth rates in constant currencies)

    • Total Revenue: Total revenue grew by 4% to €4.46 billion. Software revenue increased by 4% to €4.01 billion. Subscription and support revenue rose 5% to €3.29 billion; recurring revenue represented 82% of total software revenue. Licenses and other software revenue declined by 1% to €720 million. Services revenue rose 6% to €448 million.
    • Software Revenue by Geography: The Americas grew 3% and represented 40% of software revenue. Europe rose by 2% and represented 37% of software revenue. Asia increased by 9%, representing 23% of software revenue.
    • Software Revenue by Product Line:
      • Industrial Innovation software revenue rose by 4% to €2.12 billion and represented 53% of software revenue. ENOVIA, SIMULIA and DELMIA exhibited the strongest performance.
      • Life Sciences software revenue decreased by 2% to €847 million, representing 21% of software revenue.
      • Mainstream Innovation software revenue increased by 11% to €1.05 billion. Mainstream Innovation represented 26% of software revenue. SOLIDWORKS delivered mid-single digit growth while CENTRIC PLM continued to perform well with strong, double-digit growth.
    • Software Revenue by Industry: Home & Lifestyle, Aerospace and Defense, High-Tech and Consumer Packaged Good & Retail displayed some of the strongest performance.
    • Key Strategic Drivers: 3DEXPERIENCE software revenue increased by 10%, representing 37% of 3DEXPERIENCE eligible software revenue. Cloud software revenue grew by 7% and represented 25% of software revenue. Excluding MEDIDATA, Cloud software revenue increased by more than 50% versus the same period last year.
    • Operating Income and Margin: IFRS operating income increased by 2%, to €876 million, as reported. Non-IFRS operating income increased by 1% as reported (2% in constant currencies) to €1.35 billion. IFRS operating margin totaled 19.6% compared to 20.0% for the same period in 2023. The non-IFRS operating margin was preserved, standing at 30.2% in the first nine months of 2024 compared to 31.0% in the same period last year, thanks to cost containment measures.
    • Earnings per Share: IFRS diluted EPS was €0.61 increasing 12% as reported. Non-IFRS diluted EPS grew by 6% to €0.89, as reported, up 8% in constant currencies.
    • Cash Flow from Operations (IFRS): Cash flow from operations totaled €1.35 billion, up 6% year over year, thanks to the increase in net income adjusted for non-cash items and positive cash tax effects in 2024.
    • Balance Sheet (IFRS): Dassault Systèmes’ net financial position totaled €1.07 billion as of September 30, 2024, an increase of €0.49 billion, compared to €0.58 billion for the year ending December 31, 2023. Cash and cash equivalents totaled €3.66 billion as of September 30, 2024. The movements of the quarter on cash and cash equivalents include the reimbursement for €700 million of the second Tranche of the Bond issued by the company in 2019.

    Financial Objectives for 2024

    Dassault Systèmes’ fourth quarter and 2024 financial objectives presented below are given on a non-IFRS basis and reflect the principal 2024 currency exchange rate assumptions for the US dollar and Japanese yen as well as the potential impact from additional non-Euro currencies:

               
          Q4 2024 FY 2024  
      Total Revenue (billion) €1.696 – €1.816 €6.155 – €6.275  
      Growth 3 – 10% 3 – 5%  
      Growth ex FX 5 – 12% 5 – 7%  
               
      Software revenue growth * 5 – 13% 5 – 7%  
        Of which licenses and other software revenue growth * 0 – 20% (1) – 6%  
        Of which recurring revenue growth * 7 – 11% 6 – 7%  
     

    Services revenue growth *

    0 – 5%

    		 4 – 6%  
               
      Operating Margin 35.9% – 36.9% 31.8% – 32.2%  
               
      EPS Diluted €0.38 – €0.41 €1.27 – €1.30  
      Growth 4 – 12% 5 – 8%  
      Growth ex FX 5 – 13% 7 – 10%  
               
      US dollar $1.10 per Euro $1.09 per Euro  
      Japanese yen (before hedging) JPY 155.0 per Euro JPY 162.0 per Euro  
      * Growth in Constant Currencies      

    These objectives are prepared and communicated only on a non-IFRS basis and are subject to the cautionary statement set forth below.

    The 2024 non-IFRS financial objectives set forth above do not take into account the following accounting elements below and are estimated based upon the 2024 principal currency exchange rates above: no significant contract liabilities write-downs; share-based compensation expenses, including related social charges, estimated at approximately €232 million (these estimates do not include any new stock option or share grants issued after September 30, 2024); amortization of acquired intangibles and of tangibles reevaluation, estimated at approximately €360 million, largely impacted by the acquisition of MEDIDATA; and lease incentives of acquired companies at approximately €2 million.

    The above objectives also do not include any impact from other operating income and expenses, a net principally comprised of acquisition, integration and restructuring expenses, and impairment of goodwill and acquired intangible assets; from one-time items included in financial revenue; from one-time tax effects; and from the income tax effects of these non-IFRS adjustments. Finally, these estimates do not include any new acquisitions or restructuring completed after September 30, 2024.

    Corporate Announcements

    Today’s Webcast and Conference Call Information

    Today, Thursday, October 24, 2024, Dassault Systèmes will host, from London, a webcasted presentation at 9:00 AM London Time / 10:00 AM Paris time, and will then host a conference call at 8:30 AM New York time / 1:30 PM London time / 2:30 PM Paris time. The webcasted presentation and conference calls will be available online by accessing investor.3ds.com.

    Additional investor information is available at investor.3ds.com or by calling Dassault Systèmes’ Investor Relations at +33.1.61.62.69.24.

    Investor Relations Events

    • Fourth Quarter 2024 Earnings Release: February 4, 2025
    • First Quarter 2025 Earnings Release: April 24, 2025
    • Second Quarter 2025 Earnings Release: July 24, 2025

    Forward-looking Information

    Statements herein that are not historical facts but express expectations or objectives for the future, including but not limited to statements regarding the Group’s non-IFRS financial performance objectives are forward-looking statements. Such forward-looking statements are based on Dassault Systèmes management’s current views and assumptions and involve known and unknown risks and uncertainties. Actual results or performances may differ materially from those in such statements due to a range of factors.

    The Group’s actual results or performance may be materially negatively affected by numerous risks and uncertainties, as described in the “Risk Factors” section 1.9 of the 2023 Universal Registration Document (‘Document d’enregistrement universel’) filed with the AMF (French Financial Markets Authority) on March 18, 2024, available on the Group’s website www.3ds.com.

    In particular, please refer to the risk factor “Uncertain Global Economic Environment” in section 1.9.1.1 of the 2023 Universal Registration Document set out below for ease of reference:

    “In light of the uncertainties regarding economic, business, social, health and geopolitical conditions at the global level, Dassault Systèmes’ revenue, net earnings and cash flows may grow more slowly, whether on an annual or quarterly basis, mainly due to the following factors:

    • the deployment of Dassault Systèmes’ solutions may represent a large portion of a customer’s investments in software technology. Decisions to make such an investment are impacted by the economic environment in which the customers operate. Uncertain global geopolitical, economic and health conditions and the lack of visibility or the lack of financial resources may cause some customers, e.g. within the automotive, aerospace, energy or natural resources industries, to reduce, postpone or terminate their investments, or to reduce or not renew ongoing paid maintenance for their installed base, which impact larger customers’ revenue with their respective sub-contractors;
    • the political, economic and monetary situation in certain geographic regions where Dassault Systèmes operates could become more volatile and impact Dassault Systèmes’ business, for example, due to stricter export compliance rules or the introduction of new customs tariffs;
    • continued pressure or volatility on raw materials and energy prices could also slow down Dassault Systèmes’ diversification efforts in new industries;
    • uncertainties regarding the extent and duration of inflation could adversely affect the financial position of Dassault Systèmes; and
    • the sales cycle of Dassault Systèmes’ products – already relatively long due to the strategic nature of such investments for customers – could further lengthen.

    The occurrence of crises – health and political in particular – could have consequences both for the health and safety of Dassault Systèmes’ employees and for the Company. It could also adversely impact the financial situation or financing and supply capabilities of Dassault Systèmes’ existing and potential customers, commercial and technology partners, some of whom may be forced to temporarily close sites or cease operations. A deteriorating economic environment could generate increased price pressure and affect the collection of receivables, which would negatively impact Dassault Systèmes’ revenue, financial performance and market position.

    Dassault Systèmes makes every effort to take into consideration this uncertain macroeconomic outlook. Dassault Systèmes’ business results, however, may not develop as anticipated. Furthermore, due to factors affecting sales of Dassault Systèmes’ products and services, there may be a substantial time lag between an improvement in global economic and business conditions and an upswing in the Company’s business results.

    In preparing such forward-looking statements, the Group has in particular assumed an average US dollar to euro exchange rate of US$1.10 per €1.00 as well as an average Japanese yen to euro exchange rate of JPY155.0 to €1.00, before hedging for the fourth quarter 2024. The Group has assumed an average US dollar to euro exchange rate of US$1.09 per €1.00 as well as an average Japanese yen to euro exchange rate of JPY162.0 to €1.00, before hedging for the full year 2024. However, currency values fluctuate, and the Group’s results may be significantly affected by changes in exchange rates.   

    Non-IFRS Financial Information

    Readers are cautioned that the supplemental non-IFRS financial information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered in isolation from or as a substitute for IFRS measurements. The supplemental non-IFRS financial information should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS. Furthermore, the Group’s supplemental non-IFRS financial information may not be comparable to similarly titled “non-IFRS” measures used by other companies. Specific limitations for individual non-IFRS measures are set forth in the Company’s 2023 Universal Registration Document filed with the AMF on March 18, 2024.

    In the tables accompanying this press release the Group sets forth its supplemental non-IFRS figures for revenue, operating income, operating margin, net income and diluted earnings per share, which exclude the effect of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, the amortization of acquired intangible assets and of tangibles reevaluation, certain other operating income and expense, net, including impairment of goodwill and acquired intangibles, the effect of adjusting lease incentives of acquired companies, certain one-time items included in financial revenue and other, net, and the income tax effect of the non-IFRS adjustments and certain one-time tax effects. The tables also set forth the most comparable IFRS financial measure and reconciliations of this information with non-IFRS information.

    FOR MORE INFORMATION

    Dassault Systèmes’ 3DEXPERIENCE platform, 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions: http://www.3ds.com

    ABOUT DASSAULT SYSTÈMES

    Dassault Systèmes is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all – consumers, patients and citizens. Dassault Systèmes brings value to more than 350,000 customers of all sizes, in all industries, in more than 150 countries. For more information, visit www.3ds.com

    Dassault Systèmes Investor Relations Team                        FTI Consulting

    Beatrix Martinez: +33 1 61 62 40 73                                Arnaud de Cheffontaines: +33 1 47 03 69 48

                                                                    Jamie Ricketts : +44 20 3727 1600

    investors@3ds.com

    Dassault Systèmes Press Contacts

    Corporate / France        Arnaud MALHERBE        

    arnaud.malherbe@3ds.com        

    +33 (0)1 61 62 87 73

    © Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the 3DS logo, the Compass icon, IFWE, 3DEXCITE, 3DVIA, BIOVIA, CATIA, CENTRIC PLM, DELMIA, ENOVIA, GEOVIA, MEDIDATA, NETVIBES, OUTSCALE, SIMULIA and SOLIDWORKS are commercial trademarks or registered trademarks of Dassault Systèmes, a European company (Societas Europaea) incorporated under French law, and registered with the Versailles trade and companies registry under number 322 306 440, or its subsidiaries in the United States and/or other countries. All other trademarks are owned by their respective owners. Use of any Dassault Systèmes or its subsidiaries trademarks is subject to their express written approval.

    APPENDIX TABLE OF CONTENTS

    Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.    

    Glossary of Definitions

    Non-IFRS Financial Information

    Acquisitions and Foreign Exchange Impact

    Condensed consolidated statements of income

    Condensed consolidated balance sheet

    Condensed consolidated cash flow statement

    IFRS – non-IFRS reconciliation

    DASSAULT SYSTÈMES – Glossary of Definitions

    Information in Constant Currencies

    Dassault Systèmes has followed a long-standing policy of measuring its revenue performance and setting its revenue objectives exclusive of currency in order to measure in a transparent manner the underlying level of improvement in its total revenue and software revenue by activity, industry, geography and product lines. The Group believes it is helpful to evaluate its growth exclusive of currency impacts, particularly to help understand revenue trends in its business. Therefore, the Group provides percentage increases or decreases in its revenue and expenses (in both IFRS as well as non-IFRS) to eliminate the effect of changes in currency values, particularly the U.S. dollar and the Japanese yen, relative to the euro. When trend information is expressed “in constant currencies”, the results of the “prior” period have first been recalculated using the average exchange rates of the comparable period in the current year, and then compared with the results of the comparable period in the current year.

    While constant currency calculations are not considered to be an IFRS measure, the Group believes these measures are critical to understanding its global revenue results and to compare with many of its competitors who report their financial results in U.S. dollars. Therefore, Dassault Systèmes includes this calculation for comparing IFRS revenue figures as well non-IFRS revenue figures for comparable periods. All information at constant exchange rates is expressed as a rounded percentage and therefore may not precisely reflect the absolute figures.

    Information on Growth excluding acquisitions (“organic growth”)

    In addition to financial indicators on the entire Group’s scope, Dassault Systèmes provides growth excluding acquisitions effect, also named organic growth. In order to do so, the data relating to the scope is restated excluding acquisitions, from the date of the transaction, over a period of 12 months.

    Information on Industrial Sectors

    The Group provides broad end-to-end software solutions and services: its platform-based virtual twin experiences combine modeling, simulation, data science and collaborative innovation to support companies in the three sectors it serves, namely Manufacturing Industries, Life Sciences & Healthcare, and Infrastructure & Cities.

    These three sectors comprise twelve industries:

    • Manufacturing Industries: Transportation & Mobility; Aerospace & Defense; Marine & Offshore; Industrial Equipment; High-Tech; Home & Lifestyle; Consumer Packaged Goods – Retail. In Manufacturing Industries, Dassault Systèmes helps customers virtualize their operations, improve data sharing and collaboration across their organization, reduce costs and time-to-market, and become more sustainable;
    • Life Sciences & Healthcare: Life Sciences & Healthcare. In this sector, the Group aims to address the entire cycle of the patient journey to lead the way toward precision medicine. To reach the broader healthcare ecosystem from research to commercial, the Group’s solutions connect all elements from molecule development to prevention to care, and combine new therapeutics, med practices, and Medtech;
    • Infrastructure & Cities: Infrastructure, Energy & Materials; Architecture, Engineering & Construction; Business Services; Cities & Public Services. In Infrastructure & Cities, the Group supports the virtualization of the sector in making its industries more efficient and sustainable, and creating desirable living environments.

    Information on Product Lines

    The Group’s product lines financial reporting include the following financial information:

    • Industrial Innovation software revenue, which includes CATIA, ENOVIA, SIMULIA, DELMIA, GEOVIA, NETVIBES, and 3DEXCITE brands;
    • Life Sciences software revenue, which includes MEDIDATA and BIOVIA brands;
    • Mainstream Innovation software revenue which includes its CENTRIC PLM and 3DVIA brands, as well as its 3DEXPERIENCE WORKS family which includes the SOLIDWORKS brand.

    Starting from 2022, 3DS OUTSCALE became a brand of Dassault Systèmes. As the first sovereign and sustainable operator on the cloud, 3DS OUTSCALE enables governments and corporations from all sectors to achieve digital autonomy through a Cloud experience and with a world-class cyber governance.

    GEO’s

    Eleven GEOs are responsible for driving development of the Company’s business and implementing its customer‑centric engagement model. Teams leverage strong networks of local customers, users, partners, and influencers.

    These GEOs are structured into three groups:

    • the “Americas” group, made of two GEO’s;
    • the “Europe” group, comprising Europe, Middle East and Africa (EMEA) and made of four GEO’s;
    • the “Asia” group, comprising Asia and Oceania and made of five GEO’s.  

    3DEXPERIENCE Software Contribution

    To measure the relative share of 3DEXPERIENCE software in its revenues, Dassault Systèmes uses the following ratio: for software revenue, the Group calculates the percentage contribution by comparing total 3DEXPERIENCE software revenue to software revenue for all product lines except SOLIDWORKS, MEDIDATA, CENTRIC PLM and other acquisitions (defined as “3DEXPERIENCE Eligible software revenue”).

    Cloud revenue

    Cloud revenues correspond to revenue generated through a catalog of cloud-based solutions, infrastructure as a service, cloud solution development and cloud managed services. They are delivered by Dassault Systèmes via a cloud infrastructure hosted by Dassault Systèmes, or by third party providers of cloud computing infrastructure services. These offerings are available through different deployment methods: Dedicated cloud, Sovereign cloud and International cloud. Cloud solutions are generally offered through subscriptions models or perpetual licenses with support and hosting services.

    DASSAULT SYSTÈMES

    NON-IFRS FINANCIAL INFORMATION

    (unaudited; in millions of Euros, except per share data, percentages, headcount and exchange rates)

    Non-IFRS key figures exclude the effects of adjusting the carrying value of acquired companies’ contract liabilities (deferred revenue), share-based compensation expense, including related social charges, amortization of acquired intangible assets and of tangible assets revaluation, lease incentives of acquired companies, other operating income and expense, net, including the acquisition, integration and restructuring expenses, and impairment of goodwill and acquired intangible assets, certain one-time items included in financial loss, net, certain one-time tax effects and the income tax effects of these non-IFRS adjustments.

    Comparable IFRS financial information and a reconciliation of the IFRS and non-IFRS measures are set forth in the separate tables within this Attachment.

    In millions of Euros, except per share data, percentages, headcount and exchange rates Non-IFRS reported
    Three months ended Nine months ended
    September 30,

    2024

    		 September 30,

    2023

    		 Change Change in constant currencies September 30,

    2024

    		 September 30,

    2023

    		 Change Change in constant currencies
    Total Revenue € 1,463.9 € 1,424.7 3% 4% € 4,459.3 € 4,308.0 4% 4%
                     
    Revenue breakdown by activity                
    Software revenue 1,312.4 1,286.7 2% 3% 4,011.8 3,883.9 3% 4%
    Of which licenses and other software revenue 229.5 246.0 (7)% (7)% 719.8 735.8 (2)% (1)%
    Of which subscription and support revenue 1,082.9 1,040.8 4% 5% 3,292.0 3,148.1 5% 5%
    Services revenue 151.5 138.0 10% 10% 447.6 424.1 6% 6%
                     
    Software revenue breakdown by product line                
    Industrial Innovation 684.6 698.8 (2)% (1)% 2,117.9 2,070.7 2% 4%
    Life Sciences 280.1 283.6 (1)% (0)% 846.6 863.8 (2)% (2)%
    Mainstream Innovation 347.7 304.2 14% 15% 1,047.4 949.5 10% 11%
                     
    Software Revenue breakdown by geography                
    Americas 540.6 513.6 5% 6% 1,619.7 1,575.2 3% 3%
    Europe 470.3 490.5 (4)% (4)% 1,465.4 1,426.3 3% 2%
    Asia 301.5 282.7 7% 9% 926.6 882.4 5% 9%
                     
    Operating income € 432.6 € 442.0 (2)%   € 1,347.0 € 1,335.7 1%  
    Operating margin 29.6% 31.0%     30.2% 31.0%    
                     
    Net income attributable to shareholders € 380.1 € 371.3 2%   € 1,174.4 € 1,110.7 6%  
    Diluted earnings per share € 0.29 € 0.28 3% 4% € 0.89 € 0.84 6% 8%
                     
    Closing headcount 25,996 25,377 2%   25,996 25,377 2%  
                     
    Average Rate USD per Euro 1.10 1.09 1%   1.09 1.08 0%  
    Average Rate JPY per Euro 163.95 157.25 4%   164.29 149.65 10%  

    DASSAULT SYSTÈMES

    ACQUISITIONS AND FOREIGN EXCHANGE IMPACT

    (unaudited; in millions of Euros)

    In millions of Euros Non-IFRS reported o/w growth at constant rate and scope o/w change of scope impact at current year rate o/w FX impact on previous year figures
    September 30,

    2024

    		 September 30,

    2023

    		 Change
    Revenue QTD 1,463.9 1,424.7 39.2 49.8 1.3 (11.8)
    Revenue YTD 4,459.3 4,308.0 151.3 190.2 1.6 (40.4)

    DASSAULT SYSTÈMES

    CONDENSED CONSOLIDATED STATEMENTS OF INCOME

    (unaudited; in millions of Euros, except per share data and percentages)

    In millions of Euros, except per share data and percentages IFRS reported
    Three months ended Nine months ended
    September 30, September 30, September 30, September 30,
    2024 2023 2024 2023
    Licenses and other software revenue 229.5 246.0 719.8 735.8
    Subscription and Support revenue 1,082.9 1,040.8 3,292.0 3,148.1
    Software revenue 1,312.4 1,286.7 4,011.8 3,883.9
    Services revenue 151.5 138.0 447.6 424.1
    Total Revenue € 1,463.9 € 1,424.7 € 4,459.3 € 4,308.0
    Cost of software revenue (1) (127.6) (105.2) (364.4) (329.0)
    Cost of services revenue (125.3) (133.1) (385.0) (386.1)
    Research and development expenses (321.0) (299.2) (958.5) (910.8)
    Marketing and sales expenses (403.7) (381.0) (1,247.7) (1,195.2)
    General and administrative expenses (117.5) (103.2) (334.1) (325.9)
    Amortization of acquired intangible assets and of tangible assets revaluation (88.5) (93.4) (274.1) (284.0)
    Other operating income and expense, net (4.2) (7.1) (19.2) (16.7)
    Total Operating Expenses (1,187.7) (1,122.2) (3,583.1) (3,447.7)
    Operating Income € 276.2 € 302.5 € 876.2 € 860.3
    Financial income (loss), net 32.1 (4.3) 95.5 31.1
    Income before income taxes € 308.2 € 298.2 € 971.7 € 891.5
    Income tax expense (68.5) (54.9) (184.4) (171.5)
    Net Income € 239.8 € 243.3 € 787.2 € 719.9
    Non-controlling interest (0.0) 0.1 0.9 1.0
    Net Income attributable to equity holders of the parent € 239.7 € 243.5 € 788.2 € 720.9
    Basic earnings per share 0.18 0.18 0.60 0.55
    Diluted earnings per share € 0.18 € 0.18 € 0.61 € 0.54
    Basic weighted average shares outstanding (in millions) 1,313.3 1,316.1 1,313.4 1,315.2
    Diluted weighted average shares outstanding (in millions) 1,323.1 1,326.1 1,327.0 1,326.8

    (1) Excluding amortization of acquired intangible assets and of tangible assets revaluation.

    IFRS reported

     

    		 Three months ended September 30, 2024 Nine months ended September 30, 2024
    Change (2) Change in constant currencies Change (2) Change in constant currencies
    Total Revenue 3% 4% 4% 4%
    Revenue by activity        
    Software revenue 2% 3% 3% 4%
    Services revenue 10% 10% 6% 6%
    Software Revenue by product line        
    Industrial Innovation (2)% (1)% 2% 4%
    Life Sciences (1)% (0)% (2)% (2)%
    Mainstream Innovation 14% 15% 10% 11%
    Software Revenue by geography        
    Americas 5% 6% 3% 3%
    Europe (4)% (4)% 3% 2%
    Asia 7% 9% 5% 9%

    (2) Variation compared to the same period in the prior year.

    DASSAULT SYSTÈMES

    CONDENSED CONSOLIDATED BALANCE SHEET

    (unaudited; in millions of Euros)

    In millions of Euros IFRS reported
    September 30, December 31,
    2024 2023
    ASSETS    
    Cash and cash equivalents 3,657.7 3,568.3
    Trade accounts receivable, net 1,359.8 1,707.9
    Contract assets 45.1 26.8
    Other current assets 495.1 477.1
    Total current assets 5,557.7 5,780.1
    Property and equipment, net 946.2 882.8
    Goodwill and Intangible assets, net 7,301.4 7,647.0
    Other non-current assets 253.2 312.5
    Total non-current assets 8,500.7 8,842.3
    Total Assets € 14,058.4 € 14,622.5
    LIABILITIES    
    Trade accounts payable 181.2 230.5
    Contract liabilities 1,376.7 1,479.3
    Borrowings, current 548.8 950.1
    Other current liabilities 768.6 901.0
    Total current liabilities 2,875.4 3,561.0
    Borrowings, non-current 2,042.8 2,040.6
    Other non-current liabilities 1,137.7 1,174.8
    Total non-current liabilities 3,180.5 3,215.4
    Non-controlling interests 13.8 11.9
    Parent shareholders’ equity 7,988.7 7,834.1
    Total Liabilities € 14,058.4 € 14,622.5

    DASSAULT SYSTÈMES

    CONDENSED CONSOLIDATED CASH FLOW STATEMENT

    (unaudited; in millions of Euros)

    In millions of Euros IFRS reported
    Three months ended Nine months ended
    September 30, September 30, Change September 30, September 30, Change
    2024 2023 2024 2023
    Net income attributable to equity holders of the parent 239.7 243.5 (3.7) 788.2 720.9 67.3
    Non-controlling interest 0.0 (0.1) 0.1 (0.9) (1.0) 0.0
    Net income 239.8 243.3 (3.6) 787.2 719.9 67.3
    Depreciation of property and equipment 49.4 47.3 2.1 142.1 138.4 3.7
    Amortization of intangible assets 90.3 95.2 (5.0) 279.7 290.3 (10.6)
    Adjustments for other non-cash items 39.3 65.4 (26.1) 113.6 123.5 (10.0)
    Changes in working capital (201.1) (205.3) 4.2 25.2 (0.4) 25.6
    Net Cash From Operating Activities € 217.6 € 246.0 € (28.4) € 1,347.8 € 1,271.7 € 76.0
                 
    Additions to property, equipment and intangibles assets (36.5) (35.1) (1.4) (144.3) (102.8) (41.5)
    Payment for acquisition of businesses, net of cash acquired (2.6) (14.8) 12.2 (18.3) (15.6) (2.6)
    Other 0.7 4.5 (3.8) 23.9 (0.4) 24.2
    Net Cash Provided by (Used in) Investing Activities € (38.3) € (45.3) €7.0 € (138.7) € (118.8) € (19.9)
                 
    Proceeds from exercise of stock options 8.8 11.6 (2.7) 44.0 38.5 5.5
    Cash dividends paid – (0.0) 0.0 (302.7) (276.3) (26.4)
    Repurchase and sale of treasury stock (65.8) (218.6) 152.8 (373.5) (386.0) 12.5
    Capital increase (0.0) 0.0 (0.0) – 146.1 (146.1)
    Acquisition of non-controlling interests (0.7) 0.0 (0.7) (3.3) (0.8) (2.5)
    Proceeds from borrowings 300.0 (0.3) 300.3 300.0 20.3 279.7
    Repayment of borrowings (700.5) (0.9) (699.6) (700.7) (28.2) (672.5)
    Repayment of lease liabilities (18.7) (21.1) 2.4 (61.0) (63.0) 2.1
    Net Cash Provided by (Used in) Financing Activities € (476.9) € (229.4) € (247.5) € (1,097.1) € (549.4) €( 547.7)
                 
    Effect of exchange rate changes on cash and cash equivalents (76.2) 51.7 (127.9) (22.6) (4.4) (18.2)
                 
    Increase (decrease) in cash and cash equivalents € (373.8) €22.7 € (396.5) € 89.4 € 599.2 € (509.8)
                 
    Cash and cash equivalents at beginning of period € 4,031.5 € 3,345.4   € 3,568.3 € 2,769.0  
    Cash and cash equivalents at end of period € 3,657.7 € 3,368.1   € 3,657.7 € 3,368.1  

    DASSAULT SYSTÈMES
    SUPPLEMENTAL NON-IFRS FINANCIAL INFORMATION
    IFRS – NON-IFRS RECONCILIATION
    (unaudited; in millions of Euros, except per share data and percentages)

    Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Group’s supplemental non-IFRS financial information may not be comparable to similarly titled “non-IFRS” measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Group’s Document d’Enregistrement Universel for the year ended December 31, 2023 filed with the AMF on March 18, 2024. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Group’s consolidated financial statements prepared in accordance with IFRS.

    In millions of Euros, except per share data and percentages Three months ended September 30, Change
    2024 Adjustment(1) 2024 2023 Adjustment(1) 2023 IFRS Non-IFRS(2)
    IFRS Non-IFRS IFRS Non-IFRS
    Total Revenue € 1,463.9 – € 1,463.9 € 1,424.7 – € 1,424.7 3% 3%
    Revenue breakdown by activity                
    Software revenue 1,312.4 – 1,312.4 1,286.7 – 1,286.7 2% 2%
    Licenses and other software revenue 229.5 – 229.5 246.0 – 246.0 (7)% (7)%
    Subscription and Support revenue 1,082.9 – 1,082.9 1,040.8 – 1,040.8 4% 4%
    Recurring portion of Software revenue 83%   83% 81%   81%    
    Services revenue 151.5 – 151.5 138.0 – 138.0 10% 10%
    Software Revenue breakdown by product line                
    Industrial Innovation 684.6 – 684.6 698.8 – 698.8 (2)% (2)%
    Life Sciences 280.1 – 280.1 283.6 – 283.6 (1)% (1)%
    Mainstream Innovation 347.7 – 347.7 304.2 – 304.2 14% 14%
    Software Revenue breakdown by geography                
    Americas 540.6 – 540.6 513.6 – 513.6 5% 5%
    Europe 470.3 – 470.3 490.5 – 490.5 (4)% (4)%
    Asia 301.5 – 301.5 282.7 – 282.7 7% 7%
    Total Operating Expenses € (1,187.7) € 156.5 € (1,031.2) € (1,122.2) € 139.5 € (982.7) 6% 5%
    Share-based compensation expense and related social charges (63.4) 63.4 – (38.4) 38.4 –    
    Amortization of acquired intangible assets and of tangible assets revaluation (88.5) 88.5 – (93.4) 93.4 –    
    Lease incentives of acquired companies (0.4) 0.4 – (0.7) 0.7 –    
    Other operating income and expense, net (4.2) 4.2 – (7.1) 7.1 –    
    Operating Income € 276.2 € 156.5 € 432.6 € 302.5 € 139.5 € 442.0 (9)% (2)%
    Operating Margin 18.9%   29.6% 21.2%   31.0%    
    Financial income (loss), net 32.1 0.6 32.6 (4.3) 26.8 22.5 N/A 45%
    Income tax expense (68.5) (15.8) (84.3) (54.9) (38.1) (93.0) 25% (9)%
    Non-controlling interest (0.0) (0.9) (0.9) 0.1 (0.4) (0.3) (117)% 229%
    Net Income attributable to shareholders € 239.7 € 140.3 € 380.1 € 243.5 € 127.8 € 371.3 (2)% 2%
    Diluted Earnings Per Share (3) € 0.18 € 0.10 € 0.29 € 0.18 € 0.10 € 0.28 0% 3%

    (1) In the reconciliation schedule above, (i) all adjustments to IFRS revenue data reflect the exclusion of the effect of adjusting the carrying value of acquired companies’ contract liabilities (deferred revenue); (ii) adjustments to IFRS operating expense data reflect the exclusion of the amortization of acquired intangible assets and of tangible assets revaluation, share-based compensation expense, including related social charges, lease incentives of acquired companies, as detailed below, and other operating income and expense, net including acquisition, integration and restructuring expenses, and impairment of goodwill and acquired intangible assets; (iii) adjustments to IFRS financial loss, net reflect the exclusion of certain one-time items included in financial loss, net, and; (iv) all adjustments to IFRS income data reflect the combined effect of these adjustments, plus with respect to net income and diluted earnings per share, certain one-time tax effects and the income tax effect of the non-IFRS adjustments.

    In millions of Euros, except percentages Three months ended September 30, Change
    2024

    IFRS

    		 Share-based compensation expense and related social charges Lease incentives of acquired companies 2024

    Non-IFRS

    		 2023

    IFRS

    		 Share-based compensation expense and related social charges Lease incentives of acquired companies 2023

    Non-IFRS

    		 IFRS Non-

    IFRS
    Cost of revenue (252.9) 3.3 0.1 (249.5) (238.2) 2.1 0.2 (236.0) 6% 6%
    Research and development expenses (321.0) 20.4 0.2 (300.4) (299.2) 14.9 0.3 (284.1) 7% 6%
    Marketing and sales expenses (403.7) 18.9 0.0 (384.8) (381.0) 11.1 0.1 (369.8) 6% 4%
    General and administrative expenses (117.5) 20.8 0.0 (96.6) (103.2) 10.3 0.0 (92.9) 14% 4%
    Total   € 63.4 € 0.4     € 38.4 € 0.7      

    (2) The non-IFRS percentage increase (decrease) compares non-IFRS measures for the two different periods. In the event there is non-IFRS adjustment to the relevant measure for only one of the periods under comparison, the non-IFRS increase (decrease) compares the non-IFRS measure to the relevant IFRS measure.
    (3) Based on a weighted average 1,323.1 million diluted shares for Q3 2024 and 1,326.1 million diluted shares for Q3 2023, and, for IFRS only, a diluted net income attributable to the sharehorlders of € 243.2 million for Q3 2024 (€ 243.5 million for Q3 2023). The Diluted net income attributable to equity holders of the Group corresponds to the Net Income attributable to equity holders of the Group adjusted by the impact of the share-based compensation plans to be settled either in cash or in shares at the option of the Group.

    DASSAULT SYSTÈMES
    SUPPLEMENTAL NON-IFRS FINANCIAL INFORMATION
    IFRS – NON-IFRS RECONCILIATION
    (unaudited; in millions of Euros, except per share data and percentages)

    Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Group’s supplemental non-IFRS financial information may not be comparable to similarly titled “non-IFRS” measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Group’s Document d’Enregistrement Universel for the year ended December 31, 2023 filed with the AMF on March 18, 2024. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Group’s consolidated financial statements prepared in accordance with IFRS.

    In millions of Euros, except per share data and percentages Nine months ended September 30, Change
    2024 Adjustment(1) 2024 2023 Adjustment(1) 2023 IFRS Non-IFRS(2)
    IFRS Non-IFRS IFRS Non-IFRS
    Total Revenue € 4,459.3   € 4,459.3 € 4,308.0 – € 4,308.0 4% 4%
    Revenue breakdown by activity                
    Software revenue 4,011.8   4,011.8 3,883.9 – 3,883.9 3% 3%
    Licenses and other software revenue 719.8 – 719.8 735.8 – 735.8 (2)% (2)%
    Subscription and Support revenue 3,292.0   3,292.0 3,148.1 – 3,148.1 5% 5%
    Recurring portion of Software revenue 82%   82% 81%   81%    
    Services revenue 447.6 – 447.6 424.1 – 424.1 6% 6%
    Software Revenue breakdown by product line                
    Industrial Innovation 2,117.9 – 2,117.9 2,070.7 – 2,070.7 2% 2%
    Life Sciences 846.6 – 846.6 863.8 – 863.8 (2)% (2)%
    Mainstream Innovation 1,047.4 – 1,047.4 949.5 – 949.5 10% 10%
    Software Revenue breakdown by geography                
    Americas 1,619.7   1,619.7 1,575.2 – 1,575.2 3% 3%
    Europe 1,465.4 – 1,465.4 1,426.3 – 1,426.3 3% 3%
    Asia 926.6 – 926.6 882.4 – 882.4 5% 5%
    Total Operating Expenses € (3,583.1) € 470.8 € (3,112.4) € (3,447.7) € 475.4 € (2,972.3) 4% 5%
    Share-based compensation expense and related social charges (175.9) 175.9 – (172.6) 172.6 –    
    Amortization of acquired intangible assets and of tangible assets revaluation (274.1) 274.1 – (284.0) 284.0 –    
    Lease incentives of acquired companies (1.5) 1.5 – (2.1) 2.1 –    
    Other operating income and expense, net (19.2) 19.2 – (16.7) 16.7 –    
    Operating Income € 876.2 € 470.8 € 1,347.0 € 860.3 € 475.4 € 1,335.7 2% 1%
    Operating Margin 19.6%   30.2% 20.0%   31.0%    
    Financial income (loss), net 95.5 2.1 97.6 31.1 28.3 59.4 207% 64%
    Income tax expense (184.4) (83.8) (268.2) (171.5) (112.8) (284.3) 8% (6)%
    Non-controlling interest 0.9 (2.8) (1.9) 1.0 (1.2) (0.2) (3)% N/A
    Net Income attributable to shareholders € 788.2 € 386.2 € 1,174.4 € 720.9 € 389.7 € 1,110.7 9% 6%
    Diluted Earnings Per Share (3) € 0.61 € 0.28 € 0.89 € 0.54 € 0.29 € 0.84 12% 6%

    (1) In the reconciliation schedule above, (i) all adjustments to IFRS revenue data reflect the exclusion of the effect of adjusting the carrying value of acquired companies’ contract liabilities (deferred revenue); (ii) adjustments to IFRS operating expense data reflect the exclusion of the amortization of acquired intangible assets and of tangible assets revaluation, share-based compensation expense, including related social charges, lease incentives of acquired companies, as detailed below, and other operating income and expense, net including acquisition, integration and restructuring expenses, and impairment of goodwill and acquired intangible assets; (iii) adjustments to IFRS financial loss, net reflect the exclusion of certain one-time items included in financial loss, net, and; (iv) all adjustments to IFRS income data reflect the combined effect of these adjustments, plus with respect to net income and diluted earnings per share, certain one-time tax effects and the income tax effect of the non-IFRS adjustments.

    In millions of Euros, except percentages Nine months ended September 30, Change
    2024

    IFRS

    		 Share-based compensation expense and related social charges Lease incentives of acquired companies 2024

    Non-IFRS

    		 2023

    IFRS

    		 Share-based compensation expense and related social charges Lease incentives of acquired companies 2023

    Non-IFRS

    		 IFRS Non-

    IFRS
    Cost of revenue (749.4) 11.2 0.4 (737.8) (715.1) 12.1 0.6 (702.3) 5% 5%
    Research and development expenses (958.5) 58.7 0.7 (899.1) (910.8) 65.9 0.9 (844.0) 5% 7%
    Marketing and sales expenses (1,247.7) 55.7 0.2 (1,191.8) (1,195.2) 52.7 0.4 (1,142.2) 4% 4%
    General and administrative expenses (334.1) 50.3 0.1 (283.7) (325.9) 42.0 0.1 (283.8) 3% (0)%
    Total   € 175.9 € 1.5     € 172.6 € 2.1      

    (2) The non-IFRS percentage increase (decrease) compares non-IFRS measures for the two different periods. In the event there is non-IFRS adjustment to the relevant measure for only one of the periods under comparison, the non-IFRS increase (decrease) compares the non-IFRS measure to the relevant IFRS measure.
    (3) Based on a weighted average 1,327.0 million diluted shares for YTD 2024 and 1,326.8 million diluted shares for YTD 2023, and, for IFRS only, a diluted net income attributable to the shareholders of € 805.5 million for YTD 2024 (€ 720.9 million for YTD 2023). The Diluted net income attributable to equity holders of the Group corresponds to the Net Income attributable to equity holders of the Group adjusted by the impact of the share-based compensation plans to be settled either in cash or in shares at the option of the Group.

    1 IFRS figures for 3Q24: total revenue at €1.46 billion, operating margin of 18.9% and diluted EPS at €0.18; IFRS figures for YTD24: total revenue at €4.46 billion, operating margin of 19.6% and diluted EPS at €0.61.  

    Attachment

    • Dassault Systemes Third quarter results in-line Anticipating top line acceleration in 4Q Confirming full year EPS objective

    The MIL Network –

    January 25, 2025

  • MIL-OSI Australia: Webinar: Towards a Regional, Rural and Remote Jobs and Skills Roadmap

    Source: Australia Jobs and Skills

    Webinar: Towards a Regional, Rural and Remote Jobs and Skills Roadmap
    Timothy
    Thu, 2024-10-24 12:54

    October 24, 2024
    Join Jobs and Skills Australia’s Professor Peter Dawkins AO, Professor Barney Glover AO, Kirsty Leslie, and the Regional Australia Institute CEO Liz Ritchie, as they present the Regional Jobs and Skills Roadmap interim report.

    MIL OSI News –

    January 25, 2025

  • MIL-OSI Australia: $44 million convention and performing arts centre nearing completion

    Source: Australian Ministers 1

    A world-class Convention and Performing Arts Centre in Busselton, Western Australia is a step closer to becoming a reality, with construction set to be complete in mid-2025. 

    Once completed, the centre, to be named ‘Saltwater’ will be a multi-purpose facility used for a variety of creative, cultural, community and business events. 

    Key features of the venue include a 640-seat tiered theatre that can be transformed into an open space with a 1000-person standing capacity, perfect for large trade shows and conventions. 

    Equipped with high performance light and sound equipment, the venue is also ideal for concerts and other musical performances. 

    Significant progress on construction has been made to the façade and interior spaces including the foyer, the Saltwater Gallery, the auditorium and back of house areas. 

    Window frames have been installed and glazing is almost complete. Ceilings, internal wall frames and doors are being progressively installed.

    The $44.5 million project is jointly funded, with the Australian Government committing $12.2 million, the City of Busselton Council providing over $30.2 million, Lottery West providing $1.8 million and RIO Tinto contributing the remaining $250,000 toward the project. 

    Saltwater has been named after the Wadandi (Saltwater People), the Traditional Owners of the land (Undalup) on which this new venue is located. 

    The project supported 377 jobs during construction and will create another 15.1 ongoing jobs. 

    For more information visit: www.saltwaterbusselton.com.au  

    Quotes attributable to Federal Minister for Infrastructure, Transport, Regional Development and Local Government Catherine King:

    “Through our funding for the Saltwater precinct, the Australian Government is investing in new community facilities including a multi-purpose hall for large performances, convention centres and business events.

    “This will result in a fantastic new space for world-class entertainment, national conferences and exhibitions, breathing new life into the Busselton’s cultural landscape.”

    Quotes attributable to Senator for Western Australia Louise Pratt:

    “Saltwater will allow an increase in the amount of live music performances and concerts held in the region, which will boost visitation during both the peak and off-peak tourism periods. 

    “It will bring more visitors to Busselton and will be the jewel in the crown of the Busselton Cultural Precinct.” 

    Quotes attributable to Mayor of Busselton Phill Cronin:

    “Saltwater is nearing completion and the countdown to opening has well and truly commenced.

    “Considerable progress has been made and construction is approximately 70 per cent complete.

    “Looking at the construction site from Queen Street, you can see the venue is really starting to take shape now.

    “Window frames have been installed and glazing is almost complete, which contributes to the sense of anticipation that the venue is rapidly moving into the final stage of construction.

    “When I toured the site recently, I could see that significant progress has been made with internal fit out and finishing in key areas including the multi-functional auditorium.

    “You can imagine yourself sitting in the spacious tiered-seat theatre for a show or visualise the area converted to a flat-floor space for a concert.

    “The auditorium will diversify the range of events we can host in Busselton, as it will provide a large enough venue to attract some of Australia’s finest touring theatre productions and concerts to region for the first time in history.

    “Not only has the City secured a diverse range of exciting shows for Saltwater’s first few years of operation, the venue has also been booked for some large national conferences during the off-peak tourism season.

    “On the second floor, you can picture the conference suite set up for a range of different business events and delegates will enjoy beautiful views of the Foreshore Precinct from the alfresco balcony.”

    MIL OSI News –

    January 25, 2025

  • MIL-OSI Australia: Charges – Indecent Acts – Nakara

    Source: Northern Territory Police and Fire Services

    Northern Territory Police have charged a youth in relation to indecent acts in Nakara overnight.

    Around 10pm, two female paramedics were called to assist a 14-year-old male youth on a street in Nakara.

    Whilst being conveyed in the back of an ambulance, the youth has allegedly indecently assaulted the paramedics before spitting in the vehicle.

    Police were immediately notified and attended Royal Darwin Hospital and arrested the youth. While being walked outside the hospital, the youth has allegedly damaged a medical vehicle, and while being conveyed to the watchhouse, has allegedly damaged electronic equipment within a police vehicle.

    During processing, the youth has allegedly spat in the direction of multiple police officers and has now been charged with:

    • 2 x Indecent Acts
    • 2 x Damage to property

    He was bailed to appear in court at a later date. 

    MIL OSI News –

    January 25, 2025

  • MIL-OSI Australia: Sydney Airport hosts emergency exercise to test airport’s resilience

    Source: Sydney Airport

    Thursday 24 October 2024

    • Multi-agency emergency management exercise conducted at Sydney Airport
    • Emergency exercise tested the emergency response and flexibility of processes in the event of a major emergency
    • 11 agencies and 200 personnel participating in exercise including NSW Police Force and Fire and Rescue NSW

    Today, Sydney Airport hosted a multi-agency emergency management exercise scenario with 11 agencies and 200 personnel to test the response procedures as part of a simulated flight disaster scenario.

    More than six months’ in the planning, the emergency management exercise scenario involved an international flight on a Boeing 737-800 arriving from South-East Asia with 150 passengers on board which crashed on landing, resulting in numerous injuries and one fatality.

    Sydney Airport joined forces with representatives from NSW Police, Fire and Rescue NSW, NSW Ambulance, NSW Health, the NSW State Emergency Service (SES) and Airservices Australia to test their response plans in the event of a major emergency.

    The Agencies tested their responses and protocols around firefighting and evacuation, rescue and retrieval of trapped and injured passengers, triage and transport for injured passengers, and crash scene management and investigation.

    Sydney Airport CEO Scott Charlton said: “Air travel remains the safest way in the world to travel, and today’s exercise was about putting our response plans into practice, so we are ready in the unlikely event of an emergency.

    “These emergency scenarios provide an invaluable opportunity for our teams to coordinate with agencies and test our response plans in real-time.

    “I want to extend my thanks to all the agencies involved for their participation and collaboration. Together, we are ensuring that Sydney Airport remains safe, secure and well-prepared.”

    Assistant Commissioner Peter McKenna, Central Metropolitan Region NSW Police said: “The purpose of this training is not just to test our emergency response capabilities but the whole process and flow of the emergency plan in a real testing scenario. We use these experiences and skills from the exercise to work more collaboratively in a multi-agency environment and to achieve the operational goal.”

    Acting Area Commander Metro South Peter Cleary Fire and Rescue NSW said: “These types of exercises are vital to ensure our preparedness in the event of a real-life incident. By training side-by-side with our emergency services counterparts, we gain a better understanding of each other’s operating procedures, communications, and equipment in a realistic environment.”

    Sydney Airport hosts an emergency exercise every two-years to test the resilience of the airport’s emergency response plan in partnership with emergency agencies and organisations and is committed to providing a safe and secure environment for everyone.

    Images from today’s Emergency Exercise can be found here.

    Notes to editor

    Sydney Airport emergency scenario 2024:

    • Sydney Airport and emergency management agencies conducted an emergency management field exercise involving a simulated aircraft crash on the airfield
    • More than 200 personnel across multiple agencies tested their response plans
    • The scenario involved the crash landing of an international flight from South-East Asia flight (Boeing 737-800)
    • Under the scenario 150 passengers were on board the flight, 1 is deceased, 39 were transported to hospital and the remaining were treated onsite and released

    Participating agencies and organisations:

    • Sydney Airport
    • Australian Border Force 
    • NSW Police Force 
    • Airservices Australia – Aviation Rescue & Fire Fighting  
    • Fire & Rescue NSW 
    • NSW Ambulance 
    • Airservices Australia – Air Traffic Control 
    • Department of Agriculture
    • Transport for NSW
    • NSW Health
    • NSW State Emergency Service (SES)

    Agencies undertook the following emergency response:

    • Initial firefighting and evacuation  
    • Rescue and retrieval of trapped and injured persons 
    • Triage and transport of injured persons 
    • Initial crash scene management and investigation 

    MIL OSI News –

    January 25, 2025

  • MIL-OSI Australia: 231-2024: Urgent Scheduled Service Disruption: Friday 25 October to Saturday 26 October 2024 – Biosecurity Portal

    Source: Australia Government Statements – Agriculture

    25 October 2024

    Who does this notice affect?

    Approved arrangements operators, customs brokers, importers, manned depots, and freight forwarders who will be required to book and manage requests for import inspections using the Biosecurity Portal during this scheduled maintenance window.

    Approved arrangements operators who will be required to view and/or update details of their Approved Arrangement via the Approve Arrangement Management Product (AAMP).

    Approved…

    MIL OSI News –

    January 25, 2025

  • MIL-Evening Report: Stalking rates in Australia are still shockingly high – one simple strategy might help

    Source: The Conversation (Au and NZ) – By Troy McEwan, Professor of Clinical and Forensic Psychology, Swinburne University of Technology

    UfaBizPhoto/Shutterstock

    New data from the Australian Bureau of Statistics (ABS) reveals one in seven adult Australians have been stalked in their lifetime: one in five women and one in 15 men.

    While shocking to many, for those of us who work in the field, there is nothing surprising about these figures.

    The ABS has conducted similar surveys roughly every five years since 2005, which reveal basically the same results each time.

    About 3-4% of women and 1-2% of men are victims of stalking every year.

    These rates are consistent with those reported in research from the United Kingdom and United States, with small variations depending on definition.

    Stalking rates have remained stubbornly consistent despite the same ABS survey showing reductions in the rates of intimate partner violence and general violence over the past decade.

    The reasons for this are unclear, though there are obvious differences in the level of government and community investment in countering intimate partner violence versus awareness of and attention to stalking.

    What exactly is stalking?

    Stalking is a pattern of repeated and unwanted behaviour in which one person pushes their way into the life of another where they have no legitimate right to be, causing the target distress and fear.

    The most common methods are unwanted communication (by phone or digital media) and unwanted contacts (such as following someone or loitering nearby).

    Threats of violence and assault occur in at least a quarter of cases.

    Stalking that persists for more than two weeks is more likely to continue and cause significant harm.

    The impact of stalking

    Victims of persistent stalking have described it as “psychological rape”, with the stalker invading every part of their life.

    The cumulative impact of seemingly never-ending intrusions, and their social and financial toll, is probably why stalking victims report high rates of depression, anxiety and traumatic stress disorders.

    Researchers have estimated being stalked for 14 months costs victims approximately $A140,000, including direct costs from lost work and legal expenses and indirect costs of physical and mental harm.

    Who stalks?

    Most stalking is perpetrated by people who are known to the victim, either as an acquaintance or an ex-partner, with strangers responsible for about 20-25% of stalking.

    Stalking usually starts either because the person feels mistreated and stalks to take revenge or right the wrong, or they stalk to start or enact a relationship with the victim that does not exist. In a small number of cases, stalking has a sexual motivation and can sometimes be part of planning or preparation for a sexual assault.

    Regardless of motivation, most stalking is communicative – the stalker wants the victim to know they exist and to feel like they must respond.

    However, responding to a stalker is not advisable as it usually just adds fuel to the emotional fire that drives them.

    Ex-partners account for just under half of all stalking cases and many more women than men are stalked by an ex.

    Stalking in this context is a type of intimate partner violence and it receives by far the most attention and response.

    Research suggests that intimate partner stalking is more often identified as being perpetrated by former rather than current partners.

    Psychological abuse or coercive control during a relationship might be linked to increased potential for stalking after a break-up.

    Physical violence is much more common in cases of ex-partner stalking, with the ABS survey and earlier research finding half of intimate partner stalkers used physical violence.

    Thankfully, most stalking-related violence does not cause severe physical harm and homicide is extremely rare.

    Although prior stalking is common in ex-partner homicides, recent Victorian research showed that of 5,026 intimate partner violence reports to police involving stalking, only nine involved fatal or near fatal violence in the following 12 months.

    This means the presence of stalking is not a useful risk factor for trying to predict intimate partner homicide.

    Strategies against stalking

    Numerous strategies have been identified to prevent and reduce stalking-related harms. Among those tried largely outside Australia:

    • stalking awareness campaigns
    • training and specialist responses by police and courts
    • education for young people in schools
    • providing psychological treatment for people who stalk.

    The Victorian Law Reform Commission’s 2022 review of stalking laws recommended adoption of several of these strategies, though to date the state government has committed only to revising the stalking law.

    A simple but powerful strategy

    Stalking is a complicated problem and a comprehensive response needs multi-faceted systemic change that will be costly and take much effort and time.

    Currently, there doesn’t seem to be an appetite in Australia for the work required.

    However, there is one relatively straightforward thing the federal, state and territory governments could do right now to help: establish a national stalking helpline that can provide specialist information, advice and advocacy for all victims.

    Such a helpline was established in the UK in 2010 and has supported more than 65,000 people.

    The helpline provides online and telephone advice to potential stalking victims, including basic risk assessment, advocacy and links to local support services. It also provides advice to mental health professionals and others who are supporting stalking victims.

    The helpline serves all people, regardless of their gender or relationship with the stalker. Nearly half (45%) of its clients are stalked by a stranger or acquaintance, not an ex-partner. This highlights the importance of a specialised stalking response separate to existing services for family and intimate partner violence.

    An Australian equivalent would provide immediate support for victims and a focal point for necessary research and evaluation into what works to stop stalking.

    An Australian national stalking helpline would be a practical, relatively inexpensive and immediately helpful strategy that governments could implement to support the hundreds of thousands of Australians who are stalked every year.

    Troy McEwan has received funding from the Australian Research Council and Victoria Police for stalking-related research.

    – ref. Stalking rates in Australia are still shockingly high – one simple strategy might help – https://theconversation.com/stalking-rates-in-australia-are-still-shockingly-high-one-simple-strategy-might-help-241891

    MIL OSI Analysis – EveningReport.nz –

    January 25, 2025

  • MIL-OSI Australia: Sale of Pel-Air

    Source: Australian Ministers 1

    Today the administrators for Rex Airlines have advised the sale of Pel-Air, part of the Rex business, to Helicorp Pty Ltd, part of Toll Aviation. 

    Pel-Air is the contractor supplying ambulance services to Ambulance Victoria and NSW Ambulance, along with specially-modified aircraft for international and domestic aeromedical transfers. 

    This is part of the ongoing administration process and proceeds from the sale will be used by the Rex Group to repay secured debt.

    The Commonwealth continues to work closely with the administrators as Rex’s regional aviation business remains in voluntary administration.

    We have made clear our commitment to support Regional Aviation in Australia and the ongoing viability of key regional services. 

    The Commonwealth continues to guarantee ticket sales throughout the Voluntary Administration and we are pleased that Australians have confidence booking flights as bookings are holding up well.

    I encourage passengers to continue to support Rex’s regional operations.

    My department continues to meet daily with the administrator and we will provide any relevant updates as the voluntary administration period continues.

    MIL OSI News –

    January 25, 2025

  • MIL-Evening Report: Why Woolworths workers can’t sleep at night: inside the supermarket giant’s controversial ‘Framework’

    Source: The Conversation (Au and NZ) – By Lauren Kate Kelly, PhD Candidate, ARC Centre of Excellence for Automated Decision-Making and Society, RMIT University

    In early 2024, Woolworths introduced a new worker performance management program across warehouses run by the company’s distribution arm, Primary Connect.

    Under the program, known as the Coaching and Productivity Framework or simply “the Framework”, workers say they face potential disciplinary action if they fail to achieve 100% adherence to a speed-related metric known as pick rates. This represents a sharp break from previous approaches in which a pick rate of 100% was a non-enforceable goal, rather than a basic requirement.

    A Primary Connect spokesperson told The Conversation the Framework is more flexible, ensuring “a fair approach to the standards is applied to any personal circumstances or abilities”, with exemptions “for when a team member is unable to perform to standards, including pregnancy, disability or injury”.

    Workers say the new system creates huge stress and leads to unsafe work practices.

    An outline of the Woolworths Coaching and Productivity Framework.
    Woolworths

    ‘Scientific management’

    Although pick rates are common across warehousing, enforcing 100% compliance is highly unusual. In a memo to warehouse staff, Woolworths justified the strict enforcement of pick rates by claiming they are based on “engineered standards”, which are “the times that a trained and competent person should take to complete a set task safely using the ‘agreed method’ for that task”.

    Engineered standards (or engineered labour standards) are also widespread in the warehousing industry. Developed in the early 20th century by US management consultants, engineered standards follow the stopwatch studies and time-and-motion methodologies of Frederick Winslow Taylor, the pioneer of “scientific management”.

    To this day, engineered standards may be developed by “putting the stopwatch” on workers to record and standardise the time taken to perform a particular task. These data sets may be used to develop and justify pick rates.

    Turning workers into data points

    The use of engineered standards integrates workers into Woolworths’ ongoing program of increased automation and surveillance across its business.

    Much like inventory, workers’ bodies also become a data point to be monitored in terms of speed and movement. Engineered standards encode the assumption that human labour can be rationalised in the same way as the activity of a machine.

    Engineered standards promise the ability to control the output of workers at every moment. In practice, the application of engineered standards is often flawed and inaccurate.

    Regardless of accuracy, engineered standards and other algorithmic systems may have other benefits for management, providing a veneer of technological objectivity for decision-making.

    Confusing and inconsistent

    Through research for my PhD and my work with the United Workers Union, I have heard many concerns from workers subjected to the Framework.

    One common concern is that, due to the algorithmic nature of the Framework, the pick rate is opaque. In practice, workers do not know what 100% compliance means, so they do not even know what is expected of them.

    Workers report that rates seem to change and are applied inconsistently across different departments.

    The psychological impact has been significant. Workers have reported lying awake at night and experiencing heightened anxiety of job loss following the introduction of the Framework.

    One worker told me:

    I can’t sleep thinking about what would happen if I lost my job because I didn’t meet the standards a few times and my average wasn’t high enough.

    Another said:

    I frequently go to sleep and dream of picking at work. I find myself thinking of work at home and dreaming of work when I’m sleeping. I’m constantly on edge whenever I see a team leader, thinking I’ve done something wrong.

    And a third:

    I have some personal issues at home with my marriage and I’m laying awake thinking about my pick rate and if I will have a job tomorrow.

    Speed and safety

    Workers have also reported they feel compelled to prioritise speed over safety to meet the pick rate, or risk losing their job. At the same time, failure to work safely can also result in disciplinary action, injury or worse.

    Failure to meet the pick rate may result in a “tap on the shoulder” from management. This may be followed by notification that “coaching” will commence as part of a 12-week performance management program.

    Coaching consists of working under the close supervision of a manager who is tasked with observing the worker’s movements and appraising their speed against a company checklist.

    In the words of another worker:

    They are watching you, following you around with a clipboard, piece of paper and a pen. Writing stuff down behind you. It feels degrading.

    Monitoring ‘gap times’ such as toilet breaks

    Distribution centres are complex and dynamic environments. Congestion builds in aisles, equipment glitches and breaks, pallets spill, and batteries go flat.

    Woolworths claims the Framework takes into account “gap times”, which include reasonable periods of unavoidable delay, worker fatigue, rest breaks and so on.

    Gap times refer to any time during a shift when a worker is not actively on task. Workers report that time pressures have resulted in breaks being skipped, and safety measures disregarded, to meet pick rate targets and avoid disciplinary action.

    A question of control

    Following widespread worker disputes, including one filed with the Fair Work Commission in April, the Framework has been temporarily placed on pause. If reinstated, it would take effect at 15 distribution centres across the country, impacting about 8,000 permanent workers and, indirectly or directly, several thousand casual labour-hire workers.

    Woolworths team members represented by the United Workers Union are currently bargaining for a new enterprise agreement. Abolition of the Framework and related disciplinary action is a key demand of the union.

    In a statement to The Conversation, a Primary Connect spokesperson said:

    We have listened to the feedback from the union on the Framework, and will engage our teams in the distribution centres and the union in due course. As the country’s largest private sector employer, we are committed to ensuring that our workplaces are safe and productive for our teams and customers.

    Beyond Woolworths, the contest over pick rates raises a broader question: to what extent should an employer be able to dictate the speed of work?

    Clearly, an employer can assign the duration of a shift and ask workers to perform their role to the best of their abilities, but should workers retain the right to control the speed at which they move their own body?

    The future of the Woolworths Framework may have widespread implications for working life in Australia.

    Lauren Kate Kelly receives funding from the Australian Research Council (ARC) and the ARC Centre of Excellence for Automated Decision-Making and Society. She is affiliated with the United Workers Union, which represents workers across the supermarket supply chain.

    – ref. Why Woolworths workers can’t sleep at night: inside the supermarket giant’s controversial ‘Framework’ – https://theconversation.com/why-woolworths-workers-cant-sleep-at-night-inside-the-supermarket-giants-controversial-framework-242015

    MIL OSI Analysis – EveningReport.nz –

    January 25, 2025

  • MIL-OSI Asia-Pac: Christmas air mail – latest dates of posting 2024

    Source: Hong Kong Government special administrative region

          Hongkong Post today (October 24) announced the latest air mail posting dates for Christmas this year. While the dates are provisional, they have been calculated based on the requirements of respective postal administrations, and are for reference only. These dates and services are subject to availability of flights, and may be altered at short notice. Members of the public are advised to post earlier than the dates shown. They may visit the Hongkong Post web page at (www.hongkongpost.hk/en/about_us/whats_new/index.html) on the service availability for various destinations before posting.
     

    Destinations
    Letters and packets
    Parcels

    Asia and the Middle East

    Bangladesh
    December 5
    November 29

    Brunei Darussalam
    December 3
    *

    India
    December 2
    November 29

    Indonesia
    December 6
    December 5

    Iran
    December 3
    December 2

    Israel
    December 3
    *

    Japan
    December 4
    December 4

    Jordan
    December 3
    December 2

    Korea
    December 3
    December 3

    Lao People’s Democratic Republic
    December 9
    December 6

    Lebanon
    November 29
    November 28

    Malaysia
    December 3
    December 2

    Myanmar
    December 3
    *

    Nepal
    December 3
    *

    Pakistan
    December 9
    December 2

    Saudi Arabia
    December 3
    December 2

    Singapore
    December 2
    November 29

    Sri Lanka
    December 9
    *

    Taiwan
    December 4
    December 2

    Thailand
    December 4
    December 2

    The Mainland
    December 9
    December 5

    The Philippines
    December 3
    December 2

    United Arab Emirates
    December 5
    December 4

    Vietnam
    December 6
    December 5

    Other destinations in Asia
    and the Middle East
    December 5
    December 4

    Central, South and North America

    Argentina
    November 19
    November 18

    Brazil
    December 2
    November 20

    Canada
    December 4
    November 28

    Chile
    November 28
    November 18

    Costa Rica
    November 19
    *

    Mexico
    November 29
    November 29

    Panama
    December 3
    December 2

    Peru
    December 3
    December 2

    United States
    December 5
    December 5

    Other destinations in Central, South and North America   
    November 28
    November 26

    Europe

    Austria
    December 3
    December 2

    Belgium
    December 5
    December 4

    Cyprus
    November 19
    November 18

    Czech Republic
    November 18
    November 18

    Denmark
    December 2
    November 29

    Estonia
    December 4
    December 3

    Finland
    December 5
    December 2

    France
    December 3
    December 3

    Germany
    December 6
    December 5

    Greece
    November 28
    November 27

    Hungary
    December 3
    December 2

    Iceland
    December 2
    *

    Ireland
    December 9
    December 2

    Italy
    December 3
    *

    Latvia
    December 2
    November 29

    Lithuania
    December 3
    December 2

    Malta
    December 3
    December 2

    Netherlands
    December 3
    December 2

    Norway
    December 3
    December 2

    Poland
    December 4
    December 2

    Portugal
    December 3
    November 28

    Romania
    December 6
    December 2

    Russia
    November 25
    November 15

    Serbia
    December 3
    December 2

    Slovakia
    December 4
    November 29

    Spain
    November 28
    November 28

    Sweden
    December 3
    December 2

    Switzerland
    December 9
    December 5

    Türkiye
    December 3
    December 2

    United Kingdom
    December 3
    December 3

    Other destinations in Europe
    November 26
    November 25

    Oceania

    Australia
    December 4
    December 4

    Fiji
    November 29
    November 28

    French Polynesia
    December 3
    December 2

    Nauru
    November 29
    *

    New Caledonia
    December 3
    December 2

    New Zealand
    November 29
    November 29

    Papua New Guinea
    November 26
    *

    Solomon Islands
    December 3
    *

    Tonga
    December 3
    December 2

    Other destinations in Oceania
    December 3
    November 25

    Africa

    Egypt
    December 6
    December 6

    Kenya
    December 3
    *

    Malawi
    December 4
    *

    Mauritius
    December 3
    November 27

    Morocco
    December 3
    December 2

    South Africa
    November 21
    November 20

    Other destinations in Africa
    December 3
    December 2

    * Service is currently under suspension

    MIL OSI Asia Pacific News –

    January 25, 2025

  • MIL-OSI Australia: Investigations into lung cancer and into epigenetics recognised with 2 x $1.25 million CSL Centenary Fellowships

    Source: CLS Limited

    Investigations into lung cancer and into epigenetics recognised with 2 x $1.25 million CSL Centenary Fellowships

    Why lung cancer is on the increase: Dr Clare Weeden, WEHI, Melbourne How understanding gene switching could lead to new drug classes: Dr Qi Zhang, South Australian immunoGENomics Cancer Institute (SAiGENCI), University of Adelaide

    MELBOURNE – 24 October 2024 – Two Australian scientists have each been awarded CSL Centenary Fellowships, valued at $1.25 million over five years.

    The Fellowships were presented at the Australian Academy of Health and Medical Sciences Annual Meeting on Thursday 24 October 2024 in Adelaide.

    Lung cancer is now our deadliest cancer, despite the reduction of smoking in recent decades. Twenty-five per cent of people with lung cancer have never smoked.

    Over the past 12 years, Dr Clare Weeden has investigated why lung cancer is on the rise in cities around the world. She has shown that we all have potentially cancerous cells in our lungs which can be activated by repeated exposure to cigarette smoke or urban pollution.

    The $1.25 million CSL Centenary Fellowship has enabled Dr Weeden to return from the Crick Institute in London to establish her own research laboratory at WEHI in Melbourne. She plans to identify how the chromatin that packages up our DNA is changed by inflammation in lung cells. Then she will investigate how these cellular changes initiate cancers and how cells then become resistant to targeted therapies.

    Dr Weeden’s ultimate career aim is to determine if abnormal lung cell states are reversible.

    Dr Qi Zhang is investigating the fundamental processes by which our cells turn genes on and off as they change identities, for example as stem cells develop into mature cell types. She hopes to learn how these processes can break down and lead to cancer and other diseases.

    Dr Zhang is a team leader at the South Australian immunoGENomics Cancer Institute (SAiGENCI), University of Adelaide.

    “We want to know what’s happening with the packaging of our DNA in a healthy cell,” she says. “Then we want to know what is going wrong in a cancer cell – when it loses its identity.”

    Using the CSL Centenary Fellowship, Dr Zhang hopes to generate fundamental knowledge that researchers around the world can use to develop new drugs to tackle epigenetic misregulation in cancers.

    CSL Head of Research and Chief Scientific Officer Dr Andrew Nash said, “Dr Zhang and Dr Weeden are both making fundamental discoveries about how normal cells develop and how that development can go wrong leading to cancer and other diseases.”

    “With the support of their CSL Centenary Fellowships, their research will open up paths to new kinds of treatment for cancer and developmental diseases,” he said.

    “The CSL Centenary Fellowships aim to support leading mid-career Australian researchers like Qi and Clare by providing funding stability to enable the delivery of innovations that could transform medicine for patients living with rare and serious diseases and protect public health.”

    About the CSL Centenary Fellowships

    The Fellowships are competitively selected, high-value grants available to mid-career Australians who wish to continue a career in medical research in Australia.

    They are open to medical researchers working on discovery or translational research with a focus on rare or serious diseases and are overseen by a selection committee comprising three independent members and two CSL representatives. The 2025 committee was chaired by Dr Andrew Nash.

    The Fellowships were established to mark 100 years since the establishment of CSL in 1916. Two individual, five-year A$1.25 million fellowships are awarded each calendar year.

    For further information, visit www.cslfellowships.com.au

    About CSL

    CSL (ASX:CSL; USOTC:CSLLY) is a leading global biotechnology company with a dynamic portfolio of lifesaving medicines, including those that treat haemophilia and immune deficiencies, vaccines to prevent influenza, and therapies in iron deficiency, dialysis and nephrology. Since our start in 1916, we have been driven by our promise to save lives using the latest technologies. Today, CSL – including our three businesses, CSL Behring, CSL Seqirus and CSL Vifor – provides lifesaving products to patients in more than 100 countries and employs 30,000 people. Our unique combination of commercial strength, R&D focus and operational excellence enables us to identify, develop and deliver innovations so our patients can live life to the fullest. For inspiring stories about the promise of biotechnology, visit CSLBehring.com/Vita and follow us on Twitter.com/CSL.

    For more information about CSL, visit www.CSL.com.

    # # #

    Media Contact

    Name: Kim O’Donohue

    Mobile: +61 449 884 603

    Email: Kim.O’Donohue@csl.com.au

    MIL OSI News –

    January 25, 2025

  • MIL-OSI Australia: Press Conference Apia, Samoa

    Source: Australian Government – Minister of Foreign Affairs

    Penny Wong, Foreign Minister: Look, can I say how wonderful it is to be here in Samoa as it hosts its first ever Commonwealth Heads of Government Meeting, the first time this has been held in a Pacific Island country. And Australia has been really pleased to partner with Samoa, and we are really pleased – I’m really pleased to be here, and I know the Prime Minister is very pleased to be able to join us this evening.

    I want to thank a woman for whom I have such great regard, Prime Minister Fiamē, for her leadership, for her hospitality, for her thoughtful hosting of this meeting and, the way in which she has sought to elevate Pacific priorities and voices on the international stage.

    It’s certainly been a busy day today. It kicked off with a meeting about investment, finance and investment, hosted by David Lammy, the UK Foreign Secretary. And we recognise that economic integration and investment are central to development, are central to alleviating poverty and enabling opportunity. And we’re partnering with the United Kingdom to develop a new Commonwealth Investment Network to support Commonwealth members, particularly smaller states who often have challenges accessing finance, accessing investment, to do just that – to attract and access investment.

    I’ve also been at the first session of the Commonwealth Foreign Affairs Ministers Meeting. Obviously, that’s in preparation for the Leaders’ Meeting tomorrow. Top of the agenda is, as you would expect here in Pacific, climate. And as you would have heard me say from the first day I was – I stood in the Pacific as Foreign Minister, and I’ve consistently recognised this as I have travelled throughout the Pacific, climate change is an existential threat. It is the number one national security threat, it is the number one economic threat to the peoples of the Pacific and to many members of the Commonwealth.

    We heard today from a number of African countries, including Zambia, about the escalating impacts of climate change, the effects on food insecurity. And I’m really pleased that we are able to announce a new Africa-Australia partnership for climate responsive agriculture. This is to be developed by the Australian Centre for International Agriculture Research, and it will address food insecurity in the region.

    Can I talk about what this means? One of the things Australia is good at is agriculture in very dry climates – for obvious reason. It is one of the areas we have an expertise, and this – I’m very excited about this partnership because it leverages a particular Australian expertise into a continent for which food insecurity is an ongoing and rising challenge. It’s another example of our commitment as a government to helping partners around the world in the fight against climate change. It’s about shaping the world for the better.

    I’ve also spoken to Pacific leaders about the ways in which Australia is transitioning our entire economy. It’s a big task, started later than it should have, but we are committed to making the very large change.

    I’ve had productive meetings with counterparts from Malta and Solomon Islands, and I’ve just returned from an event hosted by Samoa attended by Her Majesty the Queen, advocating for women and girls in the Commonwealth where we talked about the challenges facing women and girls, including violence against women, and we spoke about Australia’s progress in tackling cervical cancer.

    I’m looking forward to the rest of the program, and happy to take your questions shortly.

    I just want to make one comment about another matter, which is the deeply troubling news about North Korea’s contribution to Russia’s illegal and immoral war in Ukraine. This is a deeply concerning development to see not only Russia continue its illegal and immoral war but to see a state such as North Korea be invited by President Putin, encouraged by President Putin, to join or to support this illegal war. And Australia stands with the remained of the international community not only against Russia’s war but against North Korea’s involvement in what is an illegal and immoral and disruptive war.

    Happy to take questions.

    Journalist: My name is Deidre from TV1, a local reporter. I just wanted to ask, first question is: what kind of support has Australia provided for Samoa for CHOGM, aside from providing assistance in terms of police officers who have come and helped?

    Foreign Minister: Sure, yes, well, obviously that’s the more – most visible recent assistance, which I have to be really clear about is not just Australia. This is a multi-country initiative. It’s obviously contributions from many Pacific Island countries. When we announced the Pacific Policing Initiative at the Pacific Islands Forum I think the Prime Minister and certainly I’ve made the comment, you know, this is Pacific led. And that’s the approach we’ve seen in Samoa. So, it’s good to see these police cooperating on the ground.

    But the behind-the-scenes assistance or contribution obviously was primarily towards the arrangement of CHOGM and supporting – providing support at a diplomatic level. I can – we can talk to you about that in more detail.

    I want to say, though, to you, your country has done an extraordinary job. For a country of this size to be able to host a conference like this, you really all should be very proud. And I’ve no doubt knowing the Pacific and Samoa, this is a whole-of-nation effort, isn’t it? Like everybody steps up. I was talking to Prime Minister Fiamē, and she spoke about everybody stepping forward. And that’s what you see. And your diplomatic influence, your diplomatic standing, is far bigger than your population in terms of the proportion of the world. I see that at the UN when your Prime Minister speaks and your diplomats speak, and I see that in this conference.

    So, my congratulations to my very good friend Prime Minister Fiamē, but also to the people of Samoa for what has been a fantastic CHOGM, and I hope tomorrow goes as well. I’m sure it will.

    Journalist: Foreign Minister, just on the Falepili Union, Feleti Teo has said this morning that he believes that Australia does have a commitment or at least an implied commitment under the text of the Falepili Union to take a hard look at fossil fuel exports, not just Australia’s own internal commitments. What’s your response? Is there any sort of implied commitment in the Falepili Union towards fossil fuel exports? Do you disagree with that analysis?

    Foreign Minister: I think whether it’s the PIF declarations or the public statements we have made, I think we all understand the existential threat that climate change poses to the peoples of the Pacific. I think we all understand the effects of climate change in Australia which we have seen. We’re not a government like Mr Abbott’s and Mr Morrison’s or that has the views Mr Dutton has demonstrated where the science of climate change isn’t accepted, and the experience of Pacific peoples is diminished. Do you remember him saying – talking about making jokes about water lapping at the door?

    So, we understand the extent of this. I’ve spoken at length to the Prime Minister of Tuvalu about the transition in the Australian economy, and it is a very big transition. And I wish we had – you know, when we came to government, we had seen not just 30 per cent renewables but much more because we have to get to in excess of 80 per cent by the end of the decade. But that’s the transition we’re in and we will engage in it.

    On the broader issue of fossil fuel usage, not just in Australia but globally, of course we all have to, we all have to peak our emissions and reduce them, and Australia’s emissions peaked in 2005. We know that there are countries which are still increasing their supply, their coal-fired power stations. Of course, we all know that the whole world has to respond.

    The point I’ve made previously is that there are two emerging economies in the world which, you know, account for 40 per cent of global emissions – India and China. And in order for us to have a chance at restraining global temperature rise, we all have to commit to reducing emissions and to transitioning to cleaner energy. So, we’re up for that. It will take longer than I would have liked because, you know, obviously nothing was done for 10 years.

    Journalist: But can Australia shrug its shoulders in terms of those exports and simply say there is no problem with Australia expanding fossil fuel projects if there’s an appetite for it? The point that I think that Prime Minister Teo is making is that on the one hand Australia points to its own record, on the other hand, you’ve got countries like India and China continuing to expand fossil fuels. He doesn’t perhaps care who takes responsibility; the cycle has to be brought to a close.

    Foreign Minister: Yeah, I think we all have to take responsibility, which is why you also see Australia partnering with other countries to try and work with others to transition the global energy supply to renewable energy. You would have seen I work with Singapore; you’d see that we’re working with Germany. You know, Chris Bowen has spoken at length about the work that he is doing internationally.

    I wish we were – you know, when I was Climate Minister between 2007 and 2010, including the famous Copenhagen conference, I wish that what we were trying to get agreed then had been agreed and you and I would be having a very different conversation. But that isn’t what happened globally. That isn’t what happened in Australia, and we went backwards as a country. We know we have a lot of work to do. And I’ve been upfront with every partner in the Pacific. Of course, I listen, I hear what they say. And I think they also see in us a partner who wants to make this transition. And we will. We will.

    Journalist: Foreign Minister, in terms of Pacific Engagement Visa, I know our government does not want to participate in the first wave. So, my question is: have you received or has the government of Australia received any update from our government? And if the government did not, is Australia – will Australia be pushing for the Samoan government to support the visa?

    Foreign Minister: Yeah, Mr Dziedzic asked me those “if” questions, and I usually tell him off for doing that. But look, as a matter of principle, the Pacific Engagement Visa responds to a longstanding call from Pacific Island nations about wanting a different relationship with Australia. And you would have seen the fact demonstrated by the number of people who have sought to come to Australia in those countries where we have those arrangements. It’s been massive low oversubscribed and, you know, I understand that.

    I’ve also been very clear from the beginning, just like PALM, this is a question for the sending country. If people want it, we will work with whichever country, whichever Pacific Island nation, to set up the arrangements in ways they feel comfortable with. If countries don’t wish to go down this path, it’s not a compulsory path for us.

    We responded. A number of countries have very enthusiastically taken it up. It’s entirely a matter for others whether they choose to or not and, if they do, how they want it to work.

    Journalist: Just to follow up on that, if our government does not want to support it, is Australia willing to reconsider if individuals want to participate?

    Foreign Minister: No, we want this to be something – it’s a government-to-government arrangement for the process of it and the arrangements associated with it, so we wouldn’t want to see that. But, you know, we’re also – we’re not – there’s no deadline for – in the sense that we’re not saying, ‘unless you – you have to do it by this year or never at all.’ It’s a policy that’s in place. I anticipate that countries may work through some of the issues and then may decide that they want to be part of this in time to come. But that’s entirely a matter for them.

    Journalist: Just finally, if I might, Foreign Minister, on the question of Australia’s broader Pacific policy, can you give us a sense, when the Falepili Union was signed the Prime Minister and others made it clear that Australia was looking at if not signing similar agreements, then perhaps integrating more closely with the Pacific. There have been murmurs, obviously, about similar agreements with countries like Nauru and others. Can you give us a sense of where that program is up to and how Australia envisions this?

    Foreign Minister: That’s a good question. And it’s one that the whole country and both parties of government need to be part of. And unfortunately, we’ve not had an opposition that’s been willing, for example, to understand the importance of the Pacific Engagement Visa.

    Your question goes to the – is the right one though – how do you envisage the relationship? And we envisage the relationship as family, as close as we are able to be, recognising the sovereignty of all nations. And we see the benefit in different types of integration with the countries of the Pacific. Now, they’ll not always be the same. So, we have obviously a particular set of arrangements with some countries which are simply PALM or the Pacific Engagement Visa. With Tuvalu, we have a much deeper integration where there is much more that we have put on the table and that Tuvalu has put on the table as well.

    So obviously it will not be the same approach for each country. Countries will make their own decisions. But we see real benefit in responding to Pacific countries’, I suppose, aspirations for the relationship.

    Journalist: What are your expectations for the conference tomorrow? Regarding the continued fighting of the Pacific Islands towards climate change? What are your expectations of the outcome?

    Foreign Minister: Well, I hope that the leader’s communique or statement will be forward leaning on climate. I hope it will be collective in the sense that we recognise – I’ve seen a lot of things over the years – and it really goes to the question Mr Dziedzic asked earlier where we point the finger at each other but actually all of us have to respond on climate, all major economies, in particular. And I hope also that some of the progress that the Pacific has made in relation to sovereignty in the face of sea level rise, which we have backed in, I hope there is progress on that as well in terms of Leaders’ discussion. I know it’s a big step, but I think the Pacific has done a lot of quite innovative international legal work in ensuring that countries can retain sovereignty and retain their, you know, sovereignty over their EEZ, even in the face of sea level rise and that whatever we can do with the Pacific to continue to broaden that out I think is a good thing. And you would have seen that we’ve done that at the PIF and we’ve done that in the Falepili treaty.

    Journalist: One more question please –

    Foreign Minister: Last one.

    Journalist: What are your thoughts on Samoa’s government’s concerns of brain drain for RSE program and also – last one – have you visited one of the villages that is representing Australia in the rural area?

    Foreign Minister: No, no, I haven’t done – I haven’t been out of Apia, I’m afraid, on this visit. Some of the concerns that countries who are considering whether how to handle labour mobility programs, there are a range of concerns. You named one of them. What I have said at the PIF and privately and in meetings is we want these programs to work for you. So, we don’t offer access to the labour market because we are demanding labour; we see this as a partnership and as an economic development opportunity. So, we want the programs to work for you. So, however countries wish to have those programs designed within the limits of the program, we’ve sought to facilitate that. So, that’s how we do it. Okay? Thanks, everybody.

    MIL OSI News –

    January 25, 2025

  • MIL-OSI USA: Justice Department Announces Four Cases Brought by Election Threats Task Force

    Source: US State of North Dakota

    The Justice Department’s Election Threats Task Force (ETTF) announced developments this week in four cases involving interstate transmissions of threats to election personnel and other victims.

    Teak Brockbank, 45, of Cortez, Colorado, pleaded guilty today to threatening a Colorado election official and making other threats to an Arizona election official, a Colorado state judge, and federal law enforcement agents between September 2021 and July 2024.

    Brian Jerry Ogstad, 60, of Cullman, Alabama, was sentenced on Monday to 30 months in prison for sending messages threatening violence to election workers with Maricopa County Elections in Phoenix from Aug. 2-4, 2022, during and immediately following the Arizona primary elections.

    Richard Glenn Kantwill, 61, of Tampa, Florida, was charged on Monday for allegedly sending a threat on Feb. 9 to an election official in addition to already pending charges for threats made to three other victims based on their political commentary in 2019 and 2020.

    John Pollard, 62, of Philadelphia, was charged on Monday for allegedly threatening on Sept. 6 to kill a representative of a Pennsylvania state political party who was recruiting official poll watchers.

    “As we approach Election Day, the Justice Department’s warning remains clear: anyone who illegally threatens an election worker, official, or volunteer will face the consequences,” said Attorney General Merrick B. Garland. “Over the past three and a half years, the Justice Department has been aggressively investigating and prosecuting those who threaten the public servants who administer our elections, and we will continue to do so in the weeks ahead. For our democracy to function, Americans who serve the public must be able to do their jobs without fearing for their lives.”

    “Threats to election workers are threats to our democratic process,” said Deputy Attorney General Lisa Monaco. “No one should face violence or threats of violence simply for doing their job. The actions announced today make clear that we will not tolerate those who use or threaten violence in an effort to undermine our democratic institutions. To carry out their essential work, election officials must be free from improper influence, physical threats, and others forms of intimidation.”

    “Our elections are made by possible by the hard work and patriotism of election workers in communities across the country who are also our neighbors, relatives and friends, and they deserve to do this important work without being subjected to threats,” said FBI Director Christopher Wray. “The fact that election workers need to be worried about their security is incomprehensible and unacceptable. While these four cases are examples of the kinds of threats election workers are unfortunately facing, these cases also represent the FBI’s dedication in holding accountable those who undermine our democracy with this conduct. The FBI and our partners on the ETTF will work tirelessly to charge and arrest those callous enough to make these threats and make sure they are held accountable. Free, fair, and safe elections are critical to our country and our democratic ideals.”

    “These defendants made serious threats of violence against members of the election community. Threats like these strike at the very heart of our democracy,” said Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division. “The cases announced today underscore the Criminal Division’s commitment to defending our democracy, safeguarding our elections, and protecting all election workers. Through the ETTF, the Department will vigorously investigate and prosecute all criminal threats against members of the election community.”

    The four cases were all brought by the ETTF. Created by Attorney General Merrick B. Garland and launched by Deputy Attorney General Lisa Monaco in June 2021, the task force has led the Department’s efforts to address threats of violence against election workers, and to ensure that all election workers — whether elected, appointed, or volunteer — are able to do their jobs free from threats and intimidation. The task force engages with the election community and state and local law enforcement to assess allegations and reports of threats against election workers, and has investigated and prosecuted these matters where appropriate, in partnership with FBI Field Offices and U.S. Attorneys’ Offices throughout the country. Three years after its formation, the task force is continuing this work and supporting U.S. Attorneys’ Offices and FBI Field Offices nationwide as they join the task force in its critical work.

    Under the leadership of the Attorney General and the Deputy Attorney General, the task force is led by the Criminal Division’s Public Integrity Section (PIN) and includes several other entities within the Justice Department, including the Criminal Division’s Computer Crime and Intellectual Property Section, Civil Rights Division, National Security Division, and FBI, as well as key interagency partners, such as the Department of Homeland Security and U.S. Postal Inspection Service. For more information regarding the Justice Department’s efforts to combat threats against election workers, read the Deputy Attorney General’s memo.

    United States v. Brockbank (District of Colorado)

    According to court documents, Brockbank admitted to using three social media accounts to post messages threatening Colorado and Arizona election officials between September 2021 and July 2024.

    On Sept. 22, 2021, Brockbank posted the following message on social media:

    “[Election Official-1] . . . needs to- No has to Hang she has to Hang by the neck till she is Dead Dead Dead. There will be accountability for these peoples actions in Communist Colorado and it won’t be judges and it won’t be weakmided cops that bring it!!! It will be Me it will be You it Will be every day people that understand that there life does not matter anymore with the future our country has laid out before it.”

    As part of his plea, Brockbank also admitted to posting a message on Aug. 4, 2022, referring to election officials in Arizona and Colorado, saying: “Once those people start getting put to death then the rest will melt like snowflakes and turn on each other. . . . This is the only way. So those of us that have the stomach for what has to be done should prepare our minds for what we all [a]re going to do!!!!!! It is time.”

    In addition, Brockbank admitted to posting a message threatening a Colorado state judge on Oct. 2, 2021, saying: “I could pick up my rifle and I could go put a bullet in this Mans head and send him to explain himself to our Creator right now. I would be Justified!!! Not only justified but obligated by those in my family who fought and died for the freedom in this country. . . . What can I do other than kill this man my self?”

    Brockbank further admitted to threatening federal law enforcement on July 13, posting: “I believe every single FBI agent deserves to go explain themselves to our creator right away!!!! I am more than willing to send any/All of you there.”

    Finally, Brockbank admitted to illegally possessing multiple firearms and ammunition.

    “The security and sanctity of the American election system is core to the foundation of our Democracy,” said Acting U.S. Attorney Matt Kirsch for the District of Colorado. “We will prosecute people who threaten elections, election officials, or election workers to the fullest extent of the law.”

    Brockbank pleaded guilty today to interstate transmission of a threat. He is scheduled to be sentenced on Feb. 3, 2025, and faces a maximum penalty of five years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The FBI Denver Field Office is investigating the case.

    Acting Deputy Director Jonathan E. Jacobson of PIN’s Election Crimes Branch and Assistant U.S. Attorney Cyrus Y. Chung for the District of Colorado are prosecuting the case.

    United States v. Ogstad (District of Arizona)

    According to court documents, on or about Aug. 2, 2022, Arizona held primary elections for federal and state officeholders, including a gubernatorial primary election that received nationwide media coverage. From the day of the election through on or about Aug. 4, 2022, Ogstad sent multiple threatening direct messages to a social media account maintained by Maricopa County Elections. For instance, on or about Aug. 3, 2022, Ogstad stated: (1) “You did it! Now you are f*****.. Dead. You will all be executed for your crimes”; (2) F*** you! You are caught! They have it all. You f****** are dead”; (3) “You are lying, cheating m****** f******* . . . you better not come in my church, my business or send your kids to my school. You are f****** stupid if you think your lives are safe”; and (4) “You f******  are so dead.” On or about Aug. 4, 2022, Ogstad also stated, “[Y]ou people are so ducking stupid. Everyone knows you are lots, cheats, frauds and in doing so in relation to elections have committed treason. You will all be executed. Bang f******!” In the course of his messages to the recipient, Ogstad transmitted an image of the character “Woody,” from the Toy Story film franchise, lying face down with an unidentified projectile in its back.

    “In this election season we honor and respect those public servants who enable Americans to exercise their constitutional right to vote,” said U.S. Attorney Gary Restaino for the District of Arizona. “And we seek to protect all election workers from intimidation and harassment. Threats of violence, whether conveyed by words or deeds or pictures, will be met in this District with robust prosecution.”

    Ogstad was sentenced on Monday to 30 months in prison, followed by three years of supervised release and a $1,000 fine, after pleading guilty on July 25 to one count of interstate transmission of a threat.

    The FBI Phoenix Field Office investigated the case, with substantial assistance from the FBI Birmingham Field Office.

    Trial Attorney Tanya Senanayake of the National Security Division’s Counterterrorism Section and Assistant U.S. Attorney Mary Sue Feldmeier for the District of Arizona prosecuted the case.

    United States v. Kantwill (Middle District of Florida)

    According to court documents, from September 2019 to July 2020, Kantwill, a dentist, sent over 100 threats to various public figures via Facebook and Instagram messages, email, and text. As charged in the superseding information filed on Monday, those threats included a threat sent via email to an author, a threat sent via text to a religious leader, and a threat sent via Instagram to a television personality. From April 2022 to April 2024, Kantwill also sent at least seven additional threats to four public figures via Facebook, including a threat to an election official in another state on Feb. 9, when Kantwill wrote: “You are a degenerate c***. and you are now the target of our own investigation. Take note because liberal t***s like you get raped in alleys, by really big black guys that serve our cause. So, you t*** are going to get raped by at least 5 n*****s, and do nothing. You are the number 1 target, you degenerate t***.”

    “If you threaten someone with violence, we will take you at your word,” said U.S. Attorney Roger Handberg for the Middle District of Florida. “Law enforcement officers and members of my office will work together to hold accountable and federally prosecute individuals who threaten to injure or kill others.”

    Kantwill is charged with four counts of interstate transmission of a threat. If convicted, he faces a maximum penalty of five years in prison for each count. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The FBI is investigating the case.

    Trial Attorney Aaron L. Jennen of PIN and Assistant U.S. Attorney Abigail K. King for the Middle District of Florida are prosecuting the case, with assistance from Assistant U.S. Attorney Cyrus Y. Chung for the District of Colorado.

    United States v. Pollard (Western District of Pennsylvania)

    According to the indictment, on Sept. 6, Pollard sent threatening text messages to Victim 1, a resident of the Western District of Pennsylvania. Victim 1 had previously posted online, in Victim 1’s capacity as an employee of a state political party, that Victim 1 was recruiting volunteers to “help[] observe at the polls on Election Day” and included Victim 1’s phone number. Pollard allegedly texted Victim 1 that he was “interested in being a poll watcher” and included Victim 1’s first name. Pollard then allegedly texted three threats to Victim 1: (1) “I will KILL YOU IF YOU DON’T ANSWER ME!”; (2) “Your days are numbered, B****!”; and (3) “GONNA F***ING FIND YOU AND SKIN YOU ALIVE AND USE YOUR SKIN FOR F***ING TOILET PAPER, YOU F***ING KKK**T!”

    “Threats of violence have no place in our society,” said U.S. Attorney Eric G. Olshan for the Western District of Pennsylvania. “This is no less true when those threats of violence are directed at individuals associated with our electoral process — in this case, someone seeking to organize poll watchers. This conduct will not be tolerated in our district, and we will continue to work with our partners at the FBI to prosecute these offenses with the full weight of the law.”

    Pollard was arrested on Monday and appeared in federal court in Philadelphia. He is charged with one count of interstate transmission of a threat. If convicted, he faces a maximum penalty of five years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The FBI Pittsburgh Field Office is investigating the case.

    Trial Attorney Jacob R. Steiner of PIN and Assistant U.S. Attorney Nicole A. Stockey for the Western District of Pennsylvania are prosecuting the case, with assistance from the U.S. Attorney’s Office for the Eastern District of Pennsylvania.

    *****

    An indictment or information is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    To report suspected threats or violent acts, contact your local FBI office and request to speak with the Election Crimes Coordinator. Contact information for every FBI field office may be found at www.fbi.gov/contact-us/field-offices/. You may also contact the FBI at 1-800-CALL-FBI (225-5324) or file an online complaint at tips.fbi.gov/home. Complaints submitted will be reviewed by the task force and referred for investigation or response accordingly. If someone is in imminent danger or risk of harm, contact 911 or your local police immediately.

    MIL OSI USA News –

    January 25, 2025

  • MIL-OSI Europe: Frontex co-leads international maritime operation with major drug seizures

    Source: Frontex

    Frontex co-led a large-scale international operation targeting maritime drug smuggling. The action was run by Belgian Customs from 16 September to 15 October 2024 under the Cannabis, Cocaine, and Heroin EMPACT priority.  

    The operation focused on combating cocaine smuggling via sea from Latin America to European countries, monitoring and inspecting vessels to detect cocaine smuggled via methods like drop-off/handover at sea, underwater attachment, and rip-on at sea. 

    It involved 12 European countries, the USA, Europol, and MAOC (N). It led to impressive results: seizing 930 kg of cocaine and 4,950 kg of hashish, as well as 4 arrests. Of the 525 ships analysed, 73 were checked. 

    Frontex provided technical and operational support with the deployment of an underwater drone, vessel trackers, analysts and Cross Border Crime Detection Officers to assist with rummaging and control inspections. Aerial surveillance was conducted jointly by Belgium and Frontex with daily flights, contributing to the operation’s success.

    Participants 

    Spain, Portugal, France, Ireland, the United Kingdom, Belgium, the Netherlands, Germany, Denmark, Norway, Sweden and Poland, Europol, The Maritime Analysis and Operations Centre (Narcotics), the US and liaison officers in Latin America

    About EMPACT 

    The European Multidisciplinary Platform Against Criminal Threats (EMPACT) tackles the most important threats posed by organised and serious international crime affecting the EU. EMPACT strengthens intelligence, strategic and operational cooperation between national authorities, EU institutions and bodies, and international partners.

    MIL OSI Europe News –

    January 25, 2025

  • MIL-OSI: Viridien and SLB complete the data acquisition for a multi-client survey in Bonaparte Basin, offshore Australia

    Source: GlobeNewswire (MIL-OSI)

    Paris, France – October 24, 2024

    Viridien and SLB have recently completed the acquisition of a new multi-client survey in the Bonaparte Basin, off the NW coast of Australia, that has received industry support and prefunding. The resulting ~6,760 sq km ultramodern PSDM seismic data set will provide a thorough evaluation of this highly prospective and underexplored area to improve industry understanding. The data is currently being processed and the final data will be available in Q2 2025.

    The complex geological area has been historically challenging to image due to the presence of carbonates and the shallow water. The new survey will provide modern, high-quality data over an area lacking recent, or any 3D data. The data also partially covers a carbon storage block, recently awarded as permit G-13-AP. The survey deployed Sercel Sentinel MS multi-component streamers and the Sercel QuietSea marine mammal monitoring system.

    Dechun Lin, EVP, Earth Data, Viridien, said: “We are delighted to have partnered with SLB for the first time in Australia to successfully complete this large data acquisition project. The new high-quality data set will give interested players greater insight into the exploration and carbon storage potential of this promising area. We will continue to look for opportunities to invest in the country.”

    About Viridien:

    Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,500 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).

    Contacts

    Attachment

    • Viridien & SLBcomplete the data acquisition

    The MIL Network –

    January 25, 2025

  • MIL-OSI: TRAINERS’ HOUSE GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2024

    Source: GlobeNewswire (MIL-OSI)

    TRAINERS’ HOUSE GROUP, STOCK EXCHANGE RELEASE, 24 OCTOBER 2024 at 8:30
              
    January-September 2024 in brief

    • net sales EUR 5.9 million (EUR 6.5 million), change of -9.7 % compared to the corresponding period of the previous year
    • operating result EUR 0.1 million (EUR 0.1 million), 1.1 % of net sales (1.0 %)
    • cash flow from operations EUR 0.1 million (EUR 0.1 million)
    • earnings per share EUR 0.03 (EUR 0.04)

    July-September 2024 in brief

    • net sales EUR 1.6 million (EUR 1.6 million), change of -1.2 % compared to the corresponding period of the previous year
    • operating result EUR -0.1 million (EUR -0.1 million), -9.4 % of net sales (-6.7 %)
    • cash flow from operations EUR -0.3 million (EUR -0.2 million)
    • earnings per share EUR -0.07 (EUR -0.05)

    Key figures at the end of third quarter of 2024

    • cash and cash equivalents EUR 1.1 million (EUR 1.5 million)
    • interest-bearing liabilities of EUR 0.7 million (EUR 0.3 million) and interest-bearing net debt of EUR -0.4 million (EUR -1.3 million).
    • equity ratio 65.2 % (65.3 %)

    OUTLOOK FOR 2024

    The company estimates the operating profit for 2024 to be negative.

    CEO ARTO HEIMONEN

    Despite the challenging market conditions, the company’s year-to-date result is slightly profitable at the end of the third quarter.

    Due to the holiday season, the third quarter of Trainers’ House is actually two months long from the point of view of revenue accumulation.

    Customer activity and customer satisfaction remained at a high level. Acquiring new assignments succeeded moderately. The productivity of encounter marketing business increased.

    Healthy cash flow and profitability are the company’s most important business goals in 2024 as well.

    The purpose of Trainers’ House is to help people forward. This is possible by touching people, electrifying management and producing verifiable results.

    Thanks to customers, employees, and partners.

    More information:
    Arto Heimonen, CEO, +358 404 123 456
    Saku Keskitalo, CFO, +358 404 111 111

    OPERATIONAL REVIEW

    During the review period, the company focused on serving its customers.

    FINANCIAL PERFORMANCE

    Net sales for the reporting period were EUR 5.9 million (EUR 6.5 million). Operating result was EUR 0.1 million, 1.1 % of net sales (EUR 0.1 million, 1.0 %). The result for the period was EUR 0.1 million, 1.1 % of net sales (EUR 0.1 million, 1.2 %).

    The breakdown of the Group’s figures (unit thousand euros) is presented in the following table:

    Group’s main figures (kEUR) 1-9/2024 1-9/2023
    Net sales 5 907 6 541
    Expenses:    
    Expenses arising from employee benefits -3 947 -4 339
    Other expenses -1 635 -1 729
    EBITDA 325 473
    Depreciation and impairment losses -259 -405
    EBIT 66 68
    EBIT, % of net sales 1.1 1.0
    Financial income and expenses -15 8
    Result before taxes 51 76
    Income taxes 14 4
    Result of the period 65 80
    Result, % of net sales 1.1 1.2

    LONG-TERM OBJECTIVES

    The company’s long-term goal is profitable growth.

    FINANCING, INVESTMENTS AND SOLVENCY

    Cash flow and key financing figures (unit million euros) 1-9/2024 1-9/2023
    Cash flow from operations before financial items 0.2 0.1
    Cash flow from operations 0.1 0.1
    Cash flow from investments 0.0 0.1
    Cash flow from financing -0.2 -0.9
    Total cash flow -0.1 -0.7
         
      9/2024 9/2023
    Cash 1.1 1.5
    Interest-bearing debt 0.7 0.3
    Equity ratio % 65.2 65.3

    MAJOR RISKS AND UNCERTAINTIES

    Trainers’ House’s business is sensitive to economic fluctuations.

    The general economic situation internationally and in Finland contains significant risks. The war in Europe and Middle East, the tense world political situation and the possible expansion of the crisis can cause rapid changes in the operating environment.

    Possible world trade restrictions and changes in the world political situation affect the exports of Finnish companies, which is reflected in the demand of the domestic market. The demand in domestic market will also diminish due to public cost-cuttings and tax increases. The change in domestic market demand directly affects Trainers’ House’s business.

    Compared to the level of the last decade, the high interest rate has a negative effect on economic activity. Inflation can also accelerate due to, for example, escalation of world political crises.

    The constant competition for the best employees affects recruitment and the commitment of key personnel. From the company’s point of view, the labor market situation has eased over the past year.

    The above-mentioned risks, when realized alone or together, have a significant impact on the company’s operations.

    The company divides the risk factors affecting business, earnings, and market capitalization into five main categories: market and business risks, personnel-related risks, technology and information security risks, financial risks, and legal risks.

    Trainers’ House has sought to hedge against the adverse effects of other risks with comprehensive insurance policies. These include statutory insurance, liability and property insurance and legal expenses insurance. Insurance coverage, insurance values and deductibles are reviewed annually together with the insurance company.

    The Management Team reports to the Board on a monthly basis on key business-related risks and, where necessary, risk management measures.

    The Group has the reporting systems required for effective business monitoring. Internal control is linked to the company’s vision, strategic goals and the business goals set on the basis of them.

    The realization of business objectives and the Group’s financial development are monitored on a monthly basis through the Group’s corporate governance system. As an essential part of the control system, actual data and up-to-date forecasts are reviewed monthly by the Group Management Team. The control system includes, among other things, sales reporting, an income statement, a rolling revenue and profit forecast, and key figures that are important to operations.

    Trainers’ House is an expert organization. The magnitude of market and business risks is difficult to determine. Typical risks in this area are related to, for example, general economic development, customer distribution, technology choices, the development of competition and the management of personnel costs.

    Risks are managed through the planning and regular monitoring of sales, human resources, and operating expenses, which enables rapid action when circumstances change. The risks of trade receivables have been taken into account by the recognition of expenses based on the age of the receivables and individual risk analyzes.

    The goal of Trainers’ House’s financial risk management is to secure the availability of equity and debt financing on competitive terms and to reduce the impact of adverse market movements on the company’s operations.

    Financial risks are divided into four categories, which are liquidity, interest rate risks, currency risks and credit risks. Each risk is monitored separately. Liquidity and interest rate risks are reduced with sufficient cash resources and efficient collection of receivables. Currency risks are low as Trainers’ House operates primarily in the euro market. In financial risk management, the focus is on liquidity.

    The success of Trainers’ House as an expert organization depends on its ability to attract and retain skilled staff. In addition to a competitive salary, personnel risks are managed through incentive schemes and investments in personnel training, career opportunities and general well-being.

    Technology is a key part of Trainers’ House’s business. Technology risks include, but are not limited to, supplier risk, risks related to internal systems, challenges posed by technological change, and security risks. Risks are protected against long-term cooperation with technology suppliers, appropriate security systems, staff training and regular security audits.

    Trainers’ House’s legal risks are mainly focused on the contractual relationship between the company and customers or service providers. At their most typical, they relate to delivery responsibility and the management of intellectual property rights. In order to manage the risks related to contracts and intellectual property rights, the company has internal guidelines for contractual procedures. In the company’s view, the contractual risks are not unusual.

    At the end of the review period, goodwill and other intangible assets recognized in the balance sheet have been tested in the normal way. The test did not reveal any need for impairment.

    The consolidated balance sheet of Trainers’ House has goodwill of EUR 2.1 million. The balance sheet value of other intangible assets is EUR 1.0 million. If the Group’s profitability does not develop as forecasted or other external factors independent of the Group’s operations, such as interest rates, change significantly, it is possible that goodwill and other intangible assets will have to be written off. Recognition of an impairment loss would have no effect on the Group’s cash flow.

    Due to the project nature of the operations, the order backlog is short, and predictability is therefore challenging.

    The description of potential risks is not comprehensive. Trainers’ House conducts continuous risk assessment in connection with its operations and strives to hedge against identified risks.

    Investors have also been informed about the risks in the company’s annual review and on the website at www.trainershouse.fi.

    PERSONNEL

    At the end of the review period, the Group had 107 (111) employees. As before, the company reports the number of employees converted to full-time employees.

    DECISIONS REACHED AT THE ANNUAL GENERAL MEETING

    The annual general meeting of Trainers’ House Plc was held on 27 March 2024 in Helsinki.

    The annual general meeting confirmed the financial statements and discharged CEO and the members of the Board of Directors from liability for the fiscal year 1 January – 31 December 2023. The annual general meeting also decided to adopt the remuneration policy of the governing bodies.

    The annual general meeting decided, in accordance with the board’s proposal, that the company does not distribute a dividend from 2023.

    Aarne Aktan, Jari Sarasvuo, Jarmo Hyökyvaara, Elma Palsila and Emilia Tauriainen were re-elected as members of the Board of Directors. In the board meeting held after the annual general meeting, the Board of Directors elected Jari Sarasvuo as the chairperson of the board.

    The annual general meeting decided that the board member’s remuneration shall be EUR 1,500 per month and the chairperson’s remuneration will be EUR 3,500 per month.

    Grant Thornton Oy was elected as the company’s auditor. The remuneration to the auditor is paid according to the auditor’s reasonable invoice.

    SHARES AND SHARE CAPITAL

    The company’s share is listed on Nasdaq Helsinki Ltd under the name Trainers’ House Plc (TRH1V).

    At the end of the reporting period, Trainers’ House Plc had 2,147,826 shares and a registered share capital of EUR 880,743.59. The company does not hold any of its own shares. There have been no changes in the share capital during the period.

    Share performance and trading

      1-9/2024 1-9/2023
    Traded shares, pcs 203 608 213 827
    Average number of all company shares, % 9.5 10.0
    Traded shares, EUR 576 890 1 013 869
    Highest share quotation 4.88 6.12
    Lowest share quotation 2.07 3.38
    Closing price 2.27 3.73
    Weighted average price 2.83 4.74
    Market capitalization 4.9 mil. 8.0 mil.

    SUMMARY OF FINANCIAL STATEMENTS AND NOTES

    The report has been prepared in accordance with IAS 34 standard. The report has been prepared in accordance with IFRS standards and interpretations that have been approved for application in the EU and are in force on 1 January 2024.

    In this interim report Trainers’ House has followed the same accounting policies and calculation methods as in the 2023 annual financial statements.

    The figures given in the interim report are unaudited.

    INCOME STATEMENT IFRS (kEUR) 1-9/2024 1-9/2023 1-12/2023
    NET SALES 5 907 6 541 8 437
    Expenses:      
    Materials and services -286 -308 -391
    Personnel-related expenses -3 947 -4 339 -5 691
    Depreciation and impairment losses -259 -405 -531
    Other operating expenses -1 348 -1 420 -1 925
    Total expenses -5 841 -6 473 -8 538
    Operating result 66 68 -101
    Financial income and expenses -15 8 6
    Result before taxes 51 76 -95
    Income taxes 14 4 4
    RESULT OF THE PERIOD 65 80 -91
    Result attributable to owners of the parent company 65 80 -91
    Earnings per share, EUR 0.03 0.04 -0.04
    Earnings per share attributable to owners of the parent company, EUR 0.03 0.04 -0.04
    BALANCE SHEET IFRS (kEUR) 9/2024 9/2023 12/2023
    ASSETS      
    Non-current assets      
    Tangible assets 704 430 961
    Goodwill 2 129 2 129 2 129
    Other intangible assets 1 013 1 025 1 013
    Long-term receivables      
    Other receivables, long-term 105 138 138
    Deferred tax receivables 218 204 202
    Total long-term receivables 324 342 341
    Total non-current assets 4 170 3 926 4 443
           
    Current assets      
    Account receivables and other receivables 1 002 942 783
    Cash and cash equivalents 1 120 1 533 1 175
    Total current assets 2 122 2 475 1 958
    TOTAL ASSETS 6 292 6 400 6 401
           
    SHAREHOLDERS’ EQUITY AND LIABILITIES 9/2024 9/2023 12/2023
    Equity attributable to the owners of the parent company      
    Share capital 881 881 881
    Distributable non-restricted equity fund 37 37 37
    Retained earnings 3 021 3 111 3 111
    Result of the period 65 80 -91
    Total shareholders’ equity 4 004 4 109 3 939
    Long-term liabilities      
    Deferred tax liabilities 203 205 203
    Long-term financial liabilities 420 58 631
    Total long-term liabilities 622 263 833
    Short-term liabilities      
    Short-term financial liabilities 280 216 197
    Accounts payable and other liabilities 1 386 1 812 1 432
    Total short-term liabilities 1 666 2 028 1 629
    Total liabilities 2 288 2 291 2 462
    TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES 6 292 6 400 6 401
    CASH FLOW STATEMENT IFRS (kEUR) 1-9/2024 1-9/2023 1-12/2023
    CASH FLOW FROM OPERATIONS      
    Result of the period 65 80 -91
    Adjustments 263 435 570
    Changes in working capital -169 -398 -257
    Cash flow from operations before financial items and taxes 158 117 222
    Financial items and taxes paid -22 -13 -16
    CASH FLOW FROM OPERATIONS 137 104 206
    CASH FLOW FROM INVESTMENTS      
    Investments in tangible and intangible assets -3 -12 -12
    Repayment of loan receivables 17 42 42
    Interests received 5 21 21
    CASH FLOW FROM INVESTMENTS 18 51 51
    CASH FLOW FROM FINANCING      
    Repayment of lease liabilities -128 -272 -363
    Dividends paid -82 -597 -966
    CASH FLOW FROM FINANCING -210 -869 -1 329
    TOTAL CASH FLOW -55 -714 -1 072
    CHANGE IN CASH AND CASH EQUIVALENTS      
    Opening balance of cash and cash equivalents 1 175 2 247 2 247
    Closing balance of cash and cash equivalents 1 120 1 533 1 175
    CHANGE IN CASH AND CASH EQUIVALENTS -55 -714 -1 072

    CHANGE IN SHAREHOLDERS’ EQUITY (kEUR)
    Equity attributable to owners of the parent company

    CHANGE IN SHAREHOLDERS’ EQUITY (kEUR) Share capital Distributable non-restricted equity fund Retained earnings Total
    Equity 1 January 2023 881 37 4 121 5 039
    Other comprehensive income     80 80
    Dividends     -1 009 -1 009
    Equity 30 September 2023 881 37 3 191 4 109
             
    Equity 1 January 2024 881 37 3 021 3 939
    Other comprehensive income     65 65
    Dividends     0 0
    Equity 30 September 2024 881 37 3 086 4 004

    RELATED PARTY TRANSACTIONS

    During the period under review, Trainers’ House had transactions with Causa Prima Ltd, a company controlled by Jari Sarasvuo, the Chairperson of the Board of Directors, and Pro Vividus Ltd and Anorin Liekki Ltd, which are related to the company.

    The following transactions took place with related parties:

    RELATED PARTY TRANSACTIONS (kEUR) 1-9/2024 1-9/2023 1-12/2023
    Purchases during the period 272 131 168
    Liabilities at the end of the period 95 31 39
    PERSONNEL 1-9/2024 1-9/2023 1-12/2023
    Average number of personnel 108 115 113
    Personnel at the end of the period 107 111 96
    COMMITMENTS AND CONTINGENT LIABILITIES 9/2024 9/2023 12/2023
    Collaterals and contingent liabilities given for own commitments(kEUR) 120 120 120
    OTHER KEY FIGURES 9/2024 9/2023 12/2023
    Equity ratio (%) 65.2 65.3 63.5
    Shareholders’ equity/share (EUR) 1.86 1.91 1.83

    Calculation formulas for key figures

    Earnings per share        = Result of the period attributable to owners of the parent company
                                          Average number of shares adjusted for share issue in financial period

    Interest-bearing net debt = Interest-bearing liabilities – cash and cash equivalents

    Equity ratio (%)          = Equity x 100
                                        Balance sheet total – advances received

    Equity / share            = Equity                                              
                                        Number of shares adjusted for share issue at the
                                        end of financial period

    Items affecting the calculation of key figures 9/2024 9/2023 12/2023
    Advances received (kEUR) 154 107 198
    Interest-bearing liabilities (kEUR) 700 274 828
    Average number of shares adjusted for share issue in financial period (unit thousand shares) 2 148 2 148 2 148
    Number of shares adjusted for share issue at the end of the financial period (unit thousand shares) 2 148 2 148 2 148

    In Helsinki 24 October 2024

    TRAINERS’ HOUSE PLC

    BOARD OF DIRECTORS

    Information:
    Arto Heimonen, CEO, +358 404 123 456
    Saku Keskitalo, CFO, +358 404 111 111

    DISTRIBUTION
    Nasdaq Helsinki
    Main media
    www.trainershouse.fi – For investors

    Attachment

    • Interim report Q3 2024

    The MIL Network –

    January 25, 2025

  • MIL-OSI: BE Semiconductor Industries N.V. Announces Q3-24 Results

    Source: GlobeNewswire (MIL-OSI)

    Q3-24 Revenue of € 156.6 Million and Net Income of € 46.8 Million Up 27.0% and 33.7%, Respectively, vs. Q3-23
    Orders of € 151.8 Million Up 19.2% vs. Q3-23. Hybrid Bonding Adoption Continues

    YTD-24 Revenue of € 454.1 Million and Net Income of € 122.7 Million
    Orders of € 464.8 Million Up 21.7% vs. YTD-23

    DUIVEN, the Netherlands, Oct. 24, 2024 (GLOBE NEWSWIRE) — BE Semiconductor Industries N.V. (the “Company” or “Besi”) (Euronext Amsterdam: BESI; OTC markets: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the third quarter and nine months ended September 30, 2024.

    Key Highlights Q3-24

    • Revenue of € 156.6 million up 3.6% vs. Q2-24 and 27.0% vs. Q3-23 due to increased demand by computing end user markets for hybrid bonding, photonics and other AI applications partially offset by ongoing weakness in automotive and Chinese end user markets
    • Orders of € 151.8 million up 19.2% vs. Q3-23 due to increased hybrid bonding orders. Down 18.0% vs. Q2-24 due primarily to fluctuations in hybrid bonding order patterns by customers
    • Gross margin of 64.7% decreased by 0.3 points vs. Q2-24 but was up 0.1 point vs. Q3-23. Gross margin development in the comparable periods was adversely affected by net forex influences
    • Net income of € 46.8 million increased 11.7% vs. Q2-24 and 33.7% vs. Q3-23 primarily due to higher revenue levels and cost control efforts which limited baseline operating expense growth. Q3-24 net margin rose to 29.9% vs. 27.7% in Q2-24 and 28.4% reported in Q3-23
    • Net cash of € 110.7 million at quarter-end increased by € 36.3 million (48.8%) vs. Q2-24 and € 20.5 million (22.7%) vs. Q3-23

    Key Highlights YTD-24

    • Revenue of € 454.1 million increased 8.3% vs. YTD-23 principally due to higher demand by computing end user markets, particularly for hybrid bonding and photonics applications and by Taiwanese and Korean subcontractors partially offset by weakness in mobile and automotive markets
    • Orders of € 464.8 million increased 21.7% vs. YTD-23 due to increased demand for hybrid bonding and photonics applications partially offset by lower bookings for automotive and, to a lesser extent, mobile applications and ongoing weakness in Chinese end user markets
    • Gross margin of 65.6% increased by 0.8 points vs. YTD-23 due to more favorable AI advanced packaging product mix
    • Net income of € 122.7 million was approximately equal to YTD-23 as higher revenue and gross margins were offset by higher R&D spending and share-based compensation expense. Besi’s net margin decreased to 27.0% vs. 29.1% in YTD-23

    Q4-24 Outlook

    • Revenue expected to be flat plus or minus 10% vs. the € 156.6 million reported in Q3-24 partially due to shipment delays by a customer for certain hybrid bonding systems scheduled for delivery in Q4-24
    • Gross margin expected to range between 63-65% vs. the 64.7% realized in Q3-24
    • Operating expenses expected to be flat to up 5% vs. the € 46.2 million reported in Q3-24
    (€ millions, except EPS) Q3-
    2024    		 Q2-
    2024    		 Δ Q3-
    2023    		 Δ YTD-
    2024    		 YTD-
    2023    		 Δ
    Revenue 156.6 151.2 +3.6% 123.3 +27.0% 454.1 419.2 +8.3%
    Orders 151.8 185.2 -18.0% 127.3 +19.2% 464.8 381.9 +21.7%
    Gross Margin 64.7% 65.0% -0.3 64.6% +0.1 65.6% 64.8% +0.8
    Operating Income 55.1 49.3 +11.8% 42.7 +29.0% 145.0 147.3 -1.6%
    EBITDA 62.4 56.2 +11.0% 48.9 +27.6% 166.2 166.4 -0.1%
    Net Income* 46.8 41.9 +11.7% 35.0 +33.7% 122.7 122.2 +0.4%
    Net Margin* 29.9% 27.7% +2.2 28.4% +1.5 27.0% 29.1% -2.1
    EPS (basic) 0.59 0.53 +11.3% 0.45 +31.1% 1.56 1.57 -0.6%
    EPS (diluted) 0.59 0.53 +11.3% 0.45 +31.1% 1.55 1.54 +0.6%
    Net Cash and Deposits 110.7 74.4 +48.8% 90.2 +22.7% 110.7 90.2 +22.7%

    * Excluding share-based compensation expense, net income (net margin) would have been € 50.2 million (32.1%), € 48.5 million (32.1%) and € 36.6 million (29.7%) in Q3-24, Q2-24 and Q3-23, respectively and € 148.8 million (32.8%) in YTD-24 vs. € 137.6 million (32.8%) in YTD-23

    Richard W. Blickman, President and Chief Executive Officer of Besi, commented:

    “Besi reported significant growth in revenue, orders and net income in Q3-24 versus the comparable quarter of last year as we continue to benefit from strength in our advanced packaging product portfolio for AI applications despite continued headwinds in mainstream and Chinese assembly equipment markets. For the quarter, revenue of € 156.6 million and orders of € 151.8 million grew by 27.0% and 19.2%, respectively, versus Q3-23 due primarily to strong growth by computing end user markets including hybrid bonding, photonics and other AI applications. Such growth was partially offset by weakness in automotive and Chinese end user markets continuing trends we have experienced this year. Net income of € 46.8 million grew by € 11.8 million, or 33.7%, reflecting a number of favorable trends including increased advanced packaging system revenue, increased gross margins related thereto and better than forecast operating expense levels despite continued growth in R&D spending for next generation hybrid bonding and TCB systems.

    For the first nine months of 2024, revenue of € 454.1 million and orders of € 464.8 million increased by 8.3% and 21.7%, respectively. Growth was due to significantly higher demand by computing end user markets, particularly for AI-related hybrid bonding and photonics applications and from Taiwanese and Korean subcontractors. Net income of € 122.7 million was approximately equal to YTD-23 as higher revenue and gross margins this year were offset by higher R&D spending in support of wafer level assembly development and share-based compensation expense.

    Our financial position improved as well in Q3-24 with net cash increasing to € 110.7 million at quarter-end, an improvement of € 36.3 million (+48.8%) versus Q2-24 and € 20.5 million (+22.7%) versus Q3-23 despite increased share buy-back activity. Total cash and deposits at quarter end grew to € 637.4 million including net proceeds from our Senior Note offering in July 2024 which positions us favorably for anticipated growth in the next market upcycle.

    During Q3-24, Besi continued to receive substantial orders for hybrid bonding systems from existing and new customers. At quarter-end, total revenue producing hybrid bonding orders since 2021 exceeded 100 systems highlighting the importance of this new technology for 3-D AI-related assembly applications. We anticipate additional orders in Q4-24 from a variety of customers as adoption continues to expand globally. We have also received increased interest for Besi’s TCB Next system from leading logic and memory customers which positions us favorably for anticipated growth in next generation 2.5D and HBM applications.

    As such, we have taken steps recently to expand our advanced packaging production capacity in anticipation of future growth. In 2025, we intend to approximately double the cleanroom capacity of our Malaysian production facilities and increase R&D and process development for our hybrid bonding and thermo compression bonding capabilities and customer support at our Singapore facility.

    Looking forward to Q4-24, we expect expanded adoption for hybrid bonding applications to be mitigated by ongoing weakness in mainstream assembly markets. For Q4-24, we forecast that revenue will be flat plus or minus 10% versus Q3-24 partially due to shipment delays by a customer for certain hybrid bonding systems scheduled for delivery in Q4-24. In addition, gross margins are anticipated to range between 63-65% based on our projected product mix. Aggregate operating expenses are forecast to be flat to up 5% versus Q3-24.”

    Share Repurchase Activity

    During the quarter, Besi repurchased approximately 230,000 of its ordinary shares at an average price of € 120.45 per share or a total of € 27.8 million. In August 2024, Besi completed its prior € 60 million share repurchase program and initiated a new € 100 million share repurchase program with an anticipated completion date of October 2025. Cumulatively, as of September 30, 2024, a total of € 7.0 million has been purchased under the new share repurchase program at an average price of € 110.55 per share. As of September 30, 2024, Besi held approximately 1.6 million shares in treasury equal to 2.0% of its shares outstanding.

    Investor and media conference call
    A conference call and webcast for investors and media will be held today at 4:00 pm CET (10:00 am EDT). To register for the conference call and/or to access the audio webcast and webinar slides, please visit www.besi.com.
       
    Important Dates  
    •  Publication Q4/Full year 2024 results February 20, 2025
    •  Publication Q1-2025 results April 23, 2025
    •  Besi’s 2025 AGM April 23, 2025
       

    Basis of Presentation

    The accompanying Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as adopted by the European Union. Reference is made to the Summary of Significant Accounting Policies to the Notes to the Consolidated Financial Statements as included in our 2023 Annual Report, which is available on www.besi.com.

    Contacts:

    Richard W. Blickman, President & CEO
    Andrea Kopp-Battaglia, Senior Vice President Finance        
    Claudia Vissers, Executive Secretary/IR coordinator
    Edmond Franco, VP Corporate Development/US IR coordinator

    Tel. (31) 26 319 4500                
    investor.relations@besi.com   

    About Besi

    Besi is a leading supplier of semiconductor assembly equipment for the global semiconductor and electronics industries offering high levels of accuracy, productivity and reliability at a low cost of ownership. The Company develops leading edge assembly processes and equipment for leadframe, substrate and wafer level packaging applications in a wide range of end-user markets including electronics, mobile internet, cloud server, computing, automotive, industrial, LED and solar energy. Customers are primarily leading semiconductor manufacturers, assembly subcontractors and electronics and industrial companies. Besi’s ordinary shares are listed on Euronext Amsterdam (symbol: BESI). Its Level 1 ADRs are listed on the OTC markets (symbol: BESIY) and its headquarters are located in Duiven, the Netherlands. For more information, please visit our website at www.besi.com.

    Caution Concerning Forward-Looking Statements

    This press release contains statements about management’s future expectations, plans and prospects of our business that constitute forward-looking statements, which are found in various places throughout the press release, including, but not limited to, statements relating to expectations of orders, net sales, product shipments, expenses, timing of purchases of assembly equipment by customers, gross margins, operating results and capital expenditures. The use of words such as “anticipate”, “estimate”, “expect”, “can”, “intend”, “believes”, “may”, “plan”, “predict”, “project”, “forecast”, “will”, “would”, and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The financial guidance set forth under the heading “Outlook” contains such forward-looking statements. While these forward-looking statements represent our judgments and expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from those contained in forward-looking statements, including any inability to maintain continued demand for our products; failure of anticipated orders to materialize or postponement or cancellation of orders, generally without charges; the volatility in the demand for semiconductors and our products and services; the extent and duration of the COVID-19 and other global pandemics and the associated adverse impacts on the global economy, financial markets, global supply chains and our operations as well as those of our customers and suppliers; failure to develop new and enhanced products and introduce them at competitive price levels; failure to adequately decrease costs and expenses as revenues decline; loss of significant customers, including through industry consolidation or the emergence of industry alliances; lengthening of the sales cycle; acts of terrorism and violence; disruption or failure of our information technology systems; consolidation activity and industry alliances in the semiconductor industry that may result in further increased customer concentration, inability to forecast demand and inventory levels for our products; the integrity of product pricing and protection of our intellectual property in foreign jurisdictions; risks, such as changes in trade regulations, conflict minerals regulations, currency fluctuations, political instability and war, associated with substantial foreign customers, suppliers and foreign manufacturing operations, particularly to the extent occurring in the Asia Pacific region where we have a substantial portion of our production facilities; potential instability in foreign capital markets; the risk of failure to successfully manage our diverse operations; any inability to attract and retain skilled personnel, including as a result of restrictions on immigration, travel or the availability of visas for skilled technology workers; those additional risk factors set forth in Besi’s annual report for the year ended December 31, 2023 and other key factors that could adversely affect our businesses and financial performance contained in our filings and reports, including our statutory consolidated statements. We expressly disclaim any obligation to update or alter our forward-looking statements whether as a result of new information, future events or otherwise.

    Consolidated Statements of Operations

    (€ thousands, except share and per share data) Three Months Ended
    September 30,
    (unaudited)    		 Nine Months Ended
    September 30,
    (unaudited)
      2024 2023 2024 2023
             
    Revenue 156,570 123,320 454,060 419,227
    Cost of sales 55,325 43,709 156,276 147,374
             
    Gross profit 101,245 79,611 297,784 271,853
             
    Selling, general and administrative expenses 27,318 23,310 97,473 81,679
    Research and development expenses 18,874 13,614 55,296 42,907
             
    Total operating expenses 46,192 36,924 152,769 124,586
             
    Operating income 55,053 42,687 145,015 147,267
             
    Financial expense, net 1,560 1,758 3,194 4,974
             
    Income before taxes 53,493 40,929 141,821 142,293
             
    Income tax expense 6,719 5,889 19,123 20,104
             
    Net income 46,774 35,040 122,698 122,189
             
    Net income per share – basic 0.59 0.45 1.56 1.57
    Net income per share – diluted 0.59 0.45 1.55 1.54
             
    Number of shares used in computing per share amounts:        
    – basic 79,630,787 77,374,933 78,701,287 77,656,542
    – diluted1 81,876,505 82,444,358 81,978,112 83,038,212

    ______________________
    1) The calculation of diluted income per share assumes the exercise of equity settled share based payments and the conversion of all Convertible Notes outstanding

    Consolidated Balance Sheets

    (€ thousands) September
    30, 2024
    (unaudited)    		 June
    30, 2024
    (unaudited)    		 March
    31, 2024
    (unaudited)    		 December
    31, 2023
    (audited)
    ASSETS        
             
    Cash and cash equivalents 307,448 127,234 232,053 188,477
    Deposits 330,000 130,000 215,000 225,000
    Trade receivables 169,266 174,601 150,192 143,218
    Inventories 104,103 99,291 99,384 92,505
    Other current assets 44,731 36,346 34,756 39,092
             
    Total current assets 955,548 567,472 731,385 688,292
             
    Property, plant and equipment 44,220 43,571 41,328 37,516
    Right of use assets 16,419 16,821 16,901 18,242
    Goodwill 45,278 45,710 45,613 45,402
    Other intangible assets 94,855 92,627 90,241 93,668
    Deferred tax assets 8,610 9,517 11,444 12,217
    Other non-current assets 1,316 1,239 1,252 1,216
             
    Total non-current assets 210,698 209,485 206,779 208,261
             
    Total assets 1,166,246 776,957 938,164 896,553
             
             
    Current portion of long-term debt 2,241 3,033 984 3,144
    Trade payables 49,211 51,620 52,382 46,889
    Other current liabilities 87,739 73,023 100,606 87,200
             
    Total current liabilities 139,191 127,676 153,972 137,233
             
    Long-term debt 524,527 179,801 265,142 297,353
    Lease liabilities 13,033 13,448 13,625 14,924
    Deferred tax liabilities 11,619 10,396 12,136 12,959
    Other non-current liabilities 12,449 11,352 12,914 12,671
             
    Total non-current liabilities 561,628 214,997 303,817 337,907
             
    Total equity 465,427 434,284 480,375 421,413
             
    Total liabilities and equity 1,166,246 776,957 938,164 896,553

     

    Consolidated Cash Flow Statements

    (€ thousands) Three Months Ended
    September 30,
    (unaudited)    		 Nine Months Ended
    September 30,
    (unaudited)
      2024 2023 2024 2023
             
    Cash flows from operating activities:        
    Income before income tax 53,493 40,929 141,821 142,293
             
    Depreciation and amortization 7,388 6,248 21,181 19,155
    Share based payment expense 3,400 1,575 27,216 16,300
    Financial expense, net 1,560 1,758 3,194 4,974
             
    Changes in working capital 6,031 15,697 (43,914) (2,581)
    Interest (paid) received (1,996) (2,649) (19,513) (27,948)
    Income tax paid 2,156 1,582 7,218 3,075
             
    Net cash provided by operating activities 72,032 65,140 137,203 155,268
             
    Cash flows from investing activities:        
    Capital expenditures (2,099) (1,990) (10,965) (5,448)
    Capitalized development expenses (4,415) (4,700) (13,990) (15,341)
    Repayments of (investments in) deposits (200,000) – (105,000) (5,268)
             
    Net cash provided by (used in) investing activities (206,514) (6,690) (129,955) (26,057)
             
    Cash flows from financing activities:        
    Proceeds from notes 350,000 – 350,000 –
    Transaction costs related to notes (6,395) – (6,395) –
    Payments of lease liabilities (1,080) (995) (3,186) (3,207)
    Purchase of treasury shares (27,829) (45,537) (57,418) (190,264)
    Dividends paid to shareholders – – (171,534) (222,109)
             
    Net cash used in financing activities 314,696 (46,532) 111,467 (415,580)
             
    Net increase (decrease) in cash and cash equivalents 180,214 11,918 118,715 (286,369)
    Effect of changes in exchange rates on cash and
    cash equivalents    		 – 130 256 (292)
    Cash and cash equivalents at beginning of the
    period    		 127,234 192,977 188,477 491,686
             
    Cash and cash equivalents at end of the period 307,448 205,025 307,448 205,025

      

    Supplemental Information (unaudited)
    (€ millions, unless stated otherwise)

    REVENUE Q3-2024 Q2-2024 Q1-2024 Q4-2023 Q3-2023 Q2-2023 Q1-2023
                                 
    Per geography:                            
    China 45.5 29% 57.5 38% 58.5 40% 62.0 39% 40.8 33% 64.9 40% 37.6 28%
    Asia Pacific (excl. China) 51.6 33% 54.1 36% 43.6 30% 57.9 36% 42.3 34% 59.2 36% 58.2 44%
    EU / USA / Other 59.5 38% 39.6 26% 44.2 30% 39.7 25% 40.2 33% 38.4 24% 37.6 28%
                                 
    Total 156.6 100% 151.2 100% 146.3 100% 159.6 100% 123.3 100% 162.5 100% 133.4 100%
                                 
    ORDERS Q3-2024 Q2-2024 Q1-2024 Q4-2023 Q3-2023 Q2-2023 Q1-2023
                                 
    Per geography:                            
    China 45.4 30% 43.3 23% 51.1 40% 71.1 43% 46.0 36% 51.4 46% 35.5 25%
    Asia Pacific (excl. China) 69.3 46% 72.0 39% 45.0 35% 36.6 22% 40.9 32% 33.2 29% 71.3 50%
    EU / USA / Other 37.1 24% 69.9 38% 31.6 25% 58.7 35% 40.4 32% 28.0 25% 35.2 25%
                                 
    Total 151.8 100% 185.2 100% 127.7 100% 166.4 100% 127.3 100% 112.6 100% 142.0 100%
                                 
    Per customer type:                            
    IDM 84.5 56% 122.4 66% 53.5 42% 82.7 50% 70.5 55% 60.5 54% 74.0 52%
    Subcontractors 67.3 44% 62.8 34% 74.2 58% 83.7 50% 56.8 45% 52.1 46% 68.0 48%
                                 
    Total 151.8 100% 185.2 100% 127.7 100% 166.4 100% 127.3 100% 112.6 100% 142.0 100%
                                 
    HEADCOUNT Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023
                                 
    Fixed staff (FTE) 1,807 87% 1,783 86% 1,760 88% 1,736 93% 1,725 87% 1,689 86% 1,682 84%
    Temporary staff (FTE) 271 13% 279 14% 236 12% 134 7% 248 13% 279 14% 312 16%
                                 
    Total 2,078 100% 2,062 100% 1,996 100% 1,870 100% 1,973 100% 1,968 100% 1,994 100%
                                 
    OTHER FINANCIAL DATA Q3-2024 Q2-2024 Q1-2024 Q4-2023 Q3-2023 Q2-2023 Q1-2023
                                 
    Gross profit 101.2 64.7% 98.3 65.0% 98.3 67.2% 103.9 65.1% 79.6 64.6% 106.6 65.6% 85.7 64.2%
                                 
                                 
    Selling, general and admin expenses:                            
    As reported 27.3 17.4% 30.5 20.2% 39.6 27.1% 24.3 15.2% 23.3 18.9% 29.4 18.1% 29.0 21.7%
    Share-based compensation expense (3.4) -2.1% (6.9) -4.6% (16.9) -11.6% (2.8) -1.7% (1.6) -1.3% (5.5) -3.4% (9.3) -7.0%
                                 
    SG&A expenses as adjusted 23.9 15.3% 23.6 15.6% 22.7 15.5% 21.5 13.5% 21.7 17.6% 23.9 14.7% 19.7 14.8%
                                 
                                 
    Research and development expenses:                            
    As reported 18.9 12.1% 18.5 12.2% 17.9 12.2% 13.5 8.5% 13.6 11.0% 14.3 8.8% 15.0 11.2%
    Capitalization of R&D charges 4.4 2.8% 4.9 3.2% 4.7 3.2% 5.7 3.6% 4.7 3.8% 5.3 3.3% 5.4 4.0%
    Amortization of intangibles (3.9) -2.5% (3.6) -2.3% (3.6) -2.4% (3.3) -2.1% (3.3) -2.6% (3.5) -2.2% (3.5) -2.6%
                                 
    R&D expenses as adjusted 19.4 12.4% 19.8 13.1% 19.0 13.0% 15.9 10.0% 15.0 12.2% 16.1 9.9% 16.9 12.7%
                                 
                                 
    Financial expense (income), net:                            
    Interest income (5.2)   (3.0)   (4.0)   (3.6)   (2.9)   (3.1)   (2.6)  
    Interest expense 5.7   2.1   2.8   3.0   2.8   2.9   2.9  
    Net cost of hedging 1.9   1.4   1.6   1.7   1.7   2.0   1.6  
    Foreign exchange effects, net (0.8)   0.5   0.2   (0.4)   0.2   (0.1)   (0.4)  
                                 
    Total 1.6   1.0   0.6   0.7   1.8   1.7   1.5  
                                 
    Gross cash 637.4   257.2   447.1   413.5   391.2   378.3   644.9  
                                 
                                 
    Operating income (as % of net sales) 55.1 35.2% 49.3 32.6% 40.7 27.8% 66.1 41.4% 42.7 34.6% 62.9 38.7% 41.7 31.3%
                                 
    EBITDA (as % of net sales) 62.4 39.8% 56.2 37.2% 47.5 32.5% 72.7 45.6% 48.9 39.7% 69.3 42.6% 48.2 36.1%
                                 
    Net income (as % of net sales) 46.8 29.9% 41.9 27.7% 34.0 23.2% 54.9 34.4% 35.0 28.4% 52.6 32.4% 34.5 25.9%
                                 
    Effective tax rate 12.6%   13.0%   15.3%   16.1%   14.4%   14.0%   14.0%  
                                 
                                 
    Income per share                            
    Basic 0.59   0.53   0.44   0.71   0.45   0.68   0.44  
    Diluted 0.59   0.53   0.44   0.68   0.45   0.66   0.44  
                                 
    Average shares outstanding (basic) 79,630,787 79,281,533 77,181,326 77,070,082 77,374,933 77,634,197 77,946,873
                                 
    Shares repurchased                            
    Amount 27.8   14.8   14.8   23.1   45.5   66.9   77.7  
    Number of shares 230,807 105,042 101,049 226,572 447,829 761,937 1,120,327
                                 

    The MIL Network –

    January 25, 2025

  • MIL-OSI Security: Man who funded terrorist fighter in Syria sentenced following a Met counter terrorism investigation

    Source: United Kingdom London Metropolitan Police

    A man who sent money to his nephew in Syria knowing it was to fund his terrorist activity has been sentenced for terrorism offences following an investigation by specialist officers from the Met’s Counter Terrorism Command.

    Through their investigation, detectives found that 46-year-old Farhad Mohammad arranged for $350.00 over two payments to be sent to his nephew, Idris Usman. However, the investigation uncovered that Usman was fighting in Syria at the time for the terrorist group Hay’at Tahrir al-Sham, which is a proscribed organisation in the UK.

    On 26 April, Mohammad was found guilty of two terrorism funding offences following a ten-day trial at the Old Bailey. He was sentenced on 23 October to a three year community order, 250 hours unpaid work, three month curfew between 9pm and 8am and a 30 day Rehabilitation Supervision Order.

    During the trial, counter terrorism investigators presented evidence showing Mohammad made two payments to his nephew in the space of three months between November 2017 and January 2018 with the knowledge that his nephew was fighting for an Islamist terrorist group in Syria at the time.

    One of the messages found by officers on Mohammad’s phone from his nephew in May 2017 read: “Uncle forgive me, God willing I am going to participate in a fighting, either I will stay alive or I become a martyr, it is up to God.”

    After initial enquiries were carried out by officers from the Eastern Region Special Operations Unit (ERSOU), the investigation was taken on by specialist investigators within the National Terrorist Financial Investigation Unit, which is based within the Met’s Counter Terrorism Command. Detectives identified that the money, which was sent between November 2017 and January 2018, was transferred via a third-party to Usman.

    As a result of meticulous investigative work, Counter Terrorism officers were able to prove that Mohammad was fully aware that the money he was sending was supporting his nephew’s terrorist activities.

    Another example of a message found by officers from Usman to Mohammad in June 2017, indicating he was aware of his terrorist activities read: “Uncle for the sake of God send me six and a half waraqa ($650), to buy a weapon, it is the one, which I like it, and may God reward you with good.” Also among the messages sent from Usman to his Uncle was an image sent in August 2017 showing Usman sat on a motorbike with a gun over his shoulder.

    Commander Dominic Murphy, who leads the Met’s Counter Terrorism Command, said: “Terrorist groups rely on financial support and funding to be able to operate. While Mohammad’s contributions may not have been vast sums, he was well aware his nephew wanted the money to purchase a firearm and to help fund his fighting in Syria.

    “Groups like Hay’at Tahrir al-Sham cause huge misery, terror and devastation. If you knowingly fund someone – family member or not – who is part of a group like that, then it is helping a terrorist organisation and it is something we take extremely seriously.”

    On 27 February 2018, Mohammad planned to travel to Turkey from London Stansted airport. However, before he boarded the flight, he was stopped by officers using powers under Schedule 7 of the Terrorism Act, 2000.

    Officers found he had over £4,000 of cash, and three mobile phones – all of which were seized and the contents downloaded by officers, with Mohammad subsequently arrested.

    Detectives recovered messaging app conversations and voice notes, which, after careful piecing together, officers were able to use to produce a timeline of detailing his conversations and fund transfers.

    Commander Murphy added: “The use of counter terrorism powers by officers at the airport was crucial in discovering how Mohammad was knowingly funding his nephew’s terrorist activities in Syria. And it was the specialist skills of officers within our National Terrorist Financial Investigation Unit which helped pinpoint the transactions that led to this prosecution.

    “Anyone who might be considering providing financial support to terrorists or terrorist organisations should think twice, as it is a serious offence and, as we’ve shown here, we will investigate those who are involved in this kind of activity.”

    Farhad Mohammad, 46, (21.10.1978) of Colchester, Essex was charged on 10 July 2023.

    He was found guilty on Friday 26 April 2024 of two counts of terrorist fundraising (contrary to section 17 of the Terrorism Act 2000), after a trial at the Old Bailey and was sentenced at the same court on 23 October. Mohammad was found not guilty on two other counts of terrorist fundraising – linked to alleged payments made in May and August 2017. The jury was unable to reach a verdict in respect of a fifth count of terrorist fundraising, relating to an alleged payment made in October 2017. This count will lie on file.

    The National Terrorist Financial Investigation Unit (NTFIU) is based within the Met’s Counter Terrorism Command and is comprised of specialist investigators, analysts and researchers who investigate suspicious financial activity where they believe it may have links to terrorism.

    Communities defeat terrorism, and information from the public is vital to counter terrorism investigations. If you see or hear something unusual or suspicious and think someone may be engaging in terrorist activity, trust your instincts and act by reporting it in confidence at www.gov.uk/ACT or call the anti-terrorist hotline on 0800 789 321.

    In an emergency, always dial 999.

    MIL Security OSI –

    January 25, 2025

  • MIL-OSI: A majority of Canadian HR professionals cite workplace harassment as a growing concern, but 28% lack prevention policies

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) — Traliant, a leader in online compliance training, today announced its new workplace study, “Canadian Culture Check: A report on the state of workplace harassment in Canada.” Compiled from a survey of over 1,000 HR professionals in Canada, the study assesses how organizations are approaching harassment prevention. Most notably, the survey revealed that while a majority of HR professionals (61%) feel workplace harassment is a growing issue in their organization, more than a quarter (28%) of organizations do not have a comprehensive workplace harassment prevention policy that meets all legal requirements.

    Canadian law requires that employers in all provinces and territories, along with federally regulated employers, provide harassment and workplace violence prevention training to all employees. However, the report reveals that the current programs and processes in place may not fully address the entire spectrum of government training mandates, putting organizations at compliance risk and perpetuating cultures of misconduct.

    “Effectively addressing workplace harassment requires a dual strategy of empowering employees to actively foster workplace respect and ensuring compliance with Canada’s provincial and federal requirements,” said Michael Johnson, Chief Strategy Officer at Traliant. “Our study identifies critical areas where Canadian HR professionals can enhance current harassment prevention programs to create lasting, impactful change on company culture.”

    The report uncovered additional gaps and potential liabilities in how Canadian HR professionals are approaching harassment prevention, including:

    • 26% of organizations are putting themselves at risk by not providing harassment prevention training to all employees and all levels.
    • 28% of Canadian HR professionals are not providing training to employees at a frequency of least every two years as recommended by case law.
    • 52% of respondents said their workplace harassment reporting processes were not clear or standardized, preventing employees from coming forward and allowing harassing behavior to continue and escalate.

    Casey Heck, Senior Vice President of Human Resources at Traliant, added, “With a heightened awareness of the need to address workplace harassment and violence, it’s crucial for HR professionals to effectively support all employees and managers with training to create a safe and positive work environment.”

    For complete survey findings and details, read the full report here.

    Methodology
    The independent market research firm Researchscape conducted this survey. Respondents were 1,000 HR professionals in Canada, from organizations ranging from 50 to 1,000+ employees. The survey was conducted in September 2024.

    About Traliant
    Traliant, a leader in compliance training, is on a mission to help make workplaces better, for everyone. Committed to a customer promise of “compliance you can trust, training you will love,” Traliant delivers continuously compliant online courses, backed by an unparalleled in-house legal team, with engaging, story-based training designed to create truly enjoyable learning experiences.

    Traliant supports over 14,000 organizations worldwide with a library of curated essential courses to broaden employee perspectives, achieve compliance and elevate workplace culture, including sexual harassment training, diversity training, code of conduct training, and many more.

    Backed by PSG, a leading growth equity firm, Traliant holds a coveted position on Inc.’s 5000 fastest-growing private companies in America for four consecutive years, along with numerous awards for its products and workplace culture. For more information, visit http://www.traliant.com and follow us on LinkedIn.

    Contact
    Reagan Bennet
    traliant@v2comms.com

    The MIL Network –

    January 25, 2025

  • MIL-OSI: Americans Commonly Choose Top of Wallet Credit Cards Based on Loyalty and Rewards, According to CORA Group Survey

    Source: GlobeNewswire (MIL-OSI)

    WARMINSTER, Pa., Oct. 23, 2024 (GLOBE NEWSWIRE) — CORA Group (“CORA”), an operating portfolio of Jonas Software, a subsidiary of Constellation Software Inc., today shared results from its recent survey conducted online by The Harris Poll. More than 2,000 U.S. adults were surveyed on their card preferences and usage related to loyalty and rewards.

    Key findings from the survey include:

    • Loyalty and rewards lead in influencing which credit card Americans use to pay (55%), followed by convenience (40%), and credit limit (37%).
      • Brand loyalty (17%) is one of the lowest considerations.
      • Baby Boomers (ages 60-78) are the most likely to be influenced by loyalty and rewards programs, followed by Gen X (ages 44-59), Millennials (ages 28-43), and lastly Gen Z (ages 18-27). (Baby boomers 64%; Gen X 56%; 52% Millennials; 40% Gen Z.)
    • Nearly three quarters of Americans (73%) cite rewards-related factors (i.e., ability to earn, redemption options, sign-up bonus, percent earned) as considerations when opening a new credit card compared to factors like interest rates (47%), security and fraud protection (44%), user experience (31%), existing relationship with issuer (22%), and status (19%).
    • Earning points or miles on purchases is one of the most appealing credit card benefits to 45% of Americans.

    This data demonstrate how comprehensive loyalty management solutions can increase share of wallet, transaction frequency, and customer spending. “These findings underscore the importance of offering consumers relevant loyalty and rewards programs,” said Denis Bronsan, portfolio manager at CORA. “Rewards are viewed as a form of currency, their value plays a crucial role in payments — they actively shape purchasing decisions, spending habits, and brand loyalty.”

    Aligned with this trend, CORA’s recent acquisition of Carlson Marketing Solutions further expands its global portfolio, adding enterprise-level loyalty program management. The acquisition enhances the company’s ability to efficiently manage complex transactions while delivering greater personalization, program value, and targeted customer experiences.

    Survey Method
    This survey was conducted online within the United States by The Harris Poll on behalf of CORA Group from September 24-26, 2024 among 2,088 U.S. adults ages 18 and older. The sampling precision of Harris online polls is measured by using a Bayesian credible interval.  For this study, the sample data is accurate to within +/- 2.5 percentage points using a 95% confidence level. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact George Chalmers.

    About CORA Group
    CORA Group is a collective organization redefining advancement through the acquisition, strengthening, and growth of over 30 independent software brands worldwide. Our roots in construction and food service have expanded to include debt collection & recovery, wine/spirits, moving/storage, loyalty, legal, and long-term care verticals. Today, we are proud to serve over 50,000 customers in 10+ markets with industry-leading enterprise software and related services. CORA Group operates as one of the primary operating groups under Jonas Software, a subsidiary of Constellation Software Inc. This relationship reinforces CORA’s commitment to delivering industry-leading solutions and benefiting from the extensive resources and support provided by Jonas Software and Constellation Software Inc.

    MEDIA CONTACT:
    George Chalmers
    Associate Director, M&A Corporate Development
    george.chalmers@thecoragroup.com
    https://thecoragroup.com

    The MIL Network –

    January 25, 2025

  • MIL-OSI United Kingdom: Joint statement on the human rights situation in Xinjiang and Tibet

    Source: United Kingdom – Government Statements

    Joint statement delivered by Australia, Canada, Denmark, Finland, France, Germany, Iceland, Japan, Lithuania, Kingdom of the Netherlands, New Zealand, Norway, Sweden, United Kingdom and the United States of America in the UN Third Committee General Discussion.

    Location:
    United Nations, New York
    Delivered on:
    23 October 2024 (Transcript of the speech, exactly as it was delivered)

    I have the honour of delivering this joint statement on behalf of Canada, Denmark, Finland, France, Germany, Iceland, Japan, Lithuania, Kingdom of the Netherlands, New Zealand, Norway, Sweden, United Kingdom, United States of America, and my own country, Australia.

    These countries are all committed to universal human rights and have ongoing concerns about serious human rights violations in China.

    Two years ago, the United Nations Office of the High Commissioner for Human Rights’ assessment on Xinjiang concluded that serious human rights violations had been committed in Xinjiang, and that the scale of the arbitrary and discriminatory detention of Uyghurs and other predominantly Muslim minorities in Xinjiang “may constitute international crimes, in particular crimes against humanity”. 

    Subsequently, United Nations Treaty Bodies have taken similar views and made similar recommendations, including the CERD in November 2022 through its concluding observations and Urgent Action Decision on Xinjiang; and the CRPD, CESCR and CEDAW in their September 2022, March 2023 and May 2023 Concluding Observations.

     The Working Group on Arbitrary Detention has issued communications concerning multiple cases of arbitrary detention and enforced disappearances, and over 20 Special Procedure Mandate Holders have expressed concern about systemic human rights violations in Xinjiang.

    Relying extensively on China’s own records, these comprehensive findings and recommendations by independent human rights experts from all geographic regions detail evidence of large-scale arbitrary detention, family separation, enforced disappearances and forced labour, systematic surveillance on the basis of religion and ethnicity; severe and undue restrictions on cultural, religious, and linguistic identity and expression; torture and sexual and gender-based violence, including forced abortion and sterilisation; and the destruction of religious and cultural sites. 

    China has had many opportunities to meaningfully address the UN’s well-founded concerns.

    Instead, China labelled the Office of the High Commissioner for Human Rights’ assessment as “illegal and void” during its Universal Periodic Review adoption in July.

    According to the Office of the High Commissioner for Human Rights’ statement in August, the problematic laws and policies in Xinjiang continue to remain in place. The statement again called on China to undertake a full review, from the human rights perspective, of the legal framework governing national security and counterterrorism.

    Chair, as with our concerns for the situation in Xinjiang, we are also seriously concerned about credible reports detailing human rights abuses in Tibet.  

    United Nations Human Rights Treaty Bodies and United Nations Special Procedures have detailed the detention of Tibetans for the peaceful expression of political views; restrictions on travel; coercive labour arrangements; separation of children from families in boarding schools; and erosion of linguistic, cultural, educational and religious rights and freedoms in Tibet.

    We urge China to uphold the international human rights obligations that it has voluntarily assumed, and to implement all UN recommendations including from the Office of the High Commissioner for Human Rights’ assessment, Treaty Bodies and other United Nations human rights mechanisms.

    This includes releasing all individuals arbitrarily detained in both Xinjiang and Tibet, and urgently clarifying the fate and whereabouts of missing family members.

    Transparency and openness are key to allaying concerns, and we call on China to allow unfettered and meaningful access to Xinjiang and Tibet for independent observers, including from the United Nations, to evaluate the human rights situation.

    No country has a perfect human rights record, but no country is above fair scrutiny of its human rights obligations.

    It is incumbent on all of us not to undermine international human rights commitments that benefit us all, and for which all states are accountable.

    Updates to this page

    Published 23 October 2024

    MIL OSI United Kingdom –

    January 25, 2025

  • MIL-OSI Security: Defense News: Navy Warfare Center Drives First Over-the-Horizon Install, Naval Strike Missile Launch Demonstration From Destroyer

    Source: United States Navy

    PORT HUENEME, California – Among the flurry of fleet activities in the recent Rim of the Pacific (RIMPAC) exercise in Hawaii was a milestone that Naval Surface Warfare Center, Port Hueneme Division (NSWC PHD) spearheaded — the first demonstration firing of a Naval Strike Missile (NSM) from a U.S. Navy destroyer.

    Working under a compressed timeline, NSWC PHD and its partners installed the first Over-the-Horizon (OTH) Weapon System on a destroyer, USS Fitzgerald (DDG 62), in time for it to launch an NSM at a decommissioned ship on July 18 during RIMPAC.

    Other major players in the effort included Program Executive Office Integrated Warfare Systems (PEO IWS) 3H, Naval Air Warfare Center Weapons Division (NAWCWD) China Lake, General Dynamics Mission Systems and Kongsberg Defence & Aerospace AS.

    “This was a high-visibility requirement for the Navy,” said Eric Romero, customer advocate for OTH with NSWC PHD in Port Hueneme, California.

    OTH is a long-range surface-to-surface warfare system that launches NSMs, which are anti-ship guided missiles. The Navy has added the system to about a dozen Independence-variant littoral combat ships over the past five years.

    In late September 2023, the Office of the Chief of Naval Operations challenged PEO IWS, which in turn tasked NSWC PHD, with installing an OTH on Arleigh Burke-class destroyer USS Fitzgerald in time to demonstrate it at RIMPAC 2024. That left only about nine months before the biennial international fleet exercise.

    “We knew we were working on an aggressive schedule, but we had all the right personnel on the team to make sure we were successful in executing it,” Romero said.

    NSWC PHD employees took on various projects to pull off the endeavor at this accelerated pace, from developing ship installation drawings to getting cybersecurity approval to installing and testing the equipment.

    The overall effort encompassed nearly 20 organizations, including five program offices, four warfare centers and a dozen external entities, according to Todd Jenkins, platform integration lead with NSWC PHD in San Diego.

    “We were expecting a great deal of roadblocks due to the compressed timeline, but everyone came together to accomplish this monumental event,” Jenkins said.

    Typically, this type of first-of-class installation takes at least two years, according to Robert “Tony” Honeycutt, Alteration Installation Team manager at NSWC PHD’s Virginia Beach Detachment in Virginia. A key factor in speeding up the process was proposing the OTH as a temporary change to USS Fitzgerald, which reduced the requirements for documentation and drawings compared to a permanent change.

    Beyond streamlining the paperwork, Honeycutt and Jenkins met frequently with stakeholders from PEO IWS 3H and NAWCWD China Lake to overcome obstacles and stay on schedule.

    “Basically, we were just driving it as hard as we could,” Honeycutt said. “As soon as we ran into a problem, we had a group powwow and figured out the solution.”

    Another task that the team sped up was securing the cybersecurity accreditation known as authority to operate (ATO) for the OTH software that would be installed on the ship. The rigorous six-step process typically takes about a year, but in this case it had to be completed much quicker so the installation could start.

    “We had to do the cyber ATO in two months,” Romero said.

    The team installed the OTH on USS Fitzgerald at Naval Base San Diego from mid-March to late May. The main components of the system are the launcher and an operator interface console. To make it compatible with the destroyer, the system also required a navigation adapter.

    After installing the OTH, NSWC PHD trained crew members and helped them test the system while underway.

    “We made sure they were trained up, such as to be self-sustaining as operators,” Romero said.

    In Hawaii for RIMPAC in July, USS Fitzgerald participated with other ships and aircraft in a sinking exercise, known as a SINKEX. The target was a decommissioned amphibious ship about 50 nautical miles off the coast of Kauai.

    With NSWC PHD team members monitoring remotely, USS Fitzgerald launched its first NSM from the OTH. The NSM successfully searched the target area, detected and prosecuted the target.

    “It was a successful NSM live-fire shot launched from the OTH Weapon System,” Romero said.

    Following the inaugural firing at RIMPAC, NSWC PHD personnel will help prepare USS Fitzgerald to go on deployment with the OTH.

    While the new weapon system is still authorized as a temporary installation on USS Fitzgerald, the team is working to secure approval for it to stay on the ship indefinitely.

    “We’re migrating the ship change document to a permanent change, as we want to keep the system aboard DDG 62,” Romero said.

    The work done on DDG 62 will help inform the way forward on providing this capability to other DDGs.

    MIL Security OSI –

    January 25, 2025

  • MIL-OSI United Kingdom: Visitors advised to plan ahead for Derry Halloween

    Source: Northern Ireland – City of Derry

    Visitors advised to plan ahead for Derry Halloween

    23 October 2024

    With just a week to go until Europe’s biggest Halloween Festival, Derry City and Strabane District Council has released the latest traffic and travel information to ensure visitors avoid any unnecessary delays or diversions.

    Over 100,000 visitors attend the annual festival, which runs from Monday October 28th – Thursday 31st, and a range of measures will be introduced to keep traffic flowing and disruption to a minimum for everyone. These include road closures, parking restrictions and some diversions, so it’s best to plan ahead to ensure easy access to all the events.

    These arrangements will also assist with the safe delivery of the event, and everyone is asked to follow the directions of stewards and police.

    People are advised to use public transport where possible, with additional services being operated by Translink on Halloween night, both to and from the city and local services.

    Motorists are advised to expect some delays and diversions in the City Centre during the four nights of the event. From Monday October 28th – Wednesday October 30th Road Closures will operate from 2pm until 10pm in the following areas to accommodate the Awakening the Walled City Trail. All times are approximate, but road closures and diversions will be kept to the minimum length necessary to ensure safety.

    Road Closures:

    Bank Place, Union Hall Street, Magazine Street, Magazine Street Upper, Butcher Street, Shipquay Street, Ferryquay Street, Bishop Street within, Palace Street, Pump Street, The Diamond, London Street, Artillery Street, Fountain Street. No City Centre on-Street parking with exception of Shipquay Street until 11am.

    Please note that public realm works are currently underway around the front of the Guildhall, pedestrians are asked to please follow the signage in this area.

    Car Park Closures 28th October – 1st November:

    • Bishop Street Car Park will close to general parking to accommodate motorhome parking 
    • Ebrington Car Park

    Monday October 28th, Tuesday 29th and Wednesday 30th

    • Society Street Car Park
    • Victoria Market Car Park (limited accessible only Car parking)

    Thursday October 31st

    • Queens Quay and Strand Road Car Park will be closed on the 31st October.
    • Strand Road Car Park will offer accessible parking only
    • Victoria Market Car Park – limited accessible parking only

    Car Parking availability

    Drivers are reminded that normal on street parking restrictions will be in place and people should avoid parking anywhere they may be blocking entrances to residences or businesses or where they may be obstructing emergency access.

    Parking is available at a number of locations throughout the City:

    Cityside carparks – Foyleside Shopping Centre Car Park East, Foyleside West and Quayside Shopping Centre, Foyle Road, Magee Campus (Lawrence Hill), Carlisle Road and William Street.

    Waterside carparks – Foyle Arena, Spencer Road, Oakgrove School, Duke Street and Former Waterside Health Centre Car Parks.

    From October 28-30 the Council Car Park on Strand Road will be open to the public.

    Fort George Car Park will be open to the public on October 31st only for event car parking.

    Victoria Market will be an accessible car park only from 28th – 31st October and will operate on a first come, first served basis. 

    Strand Road car park will be an accessible car park only on the 31st October also operating on a first come, first served basis.

    On Halloween night itself the annual Carnival Parade will leave the Council carpark at 7pm. The parade is followed by the Halloween Fireworks Finale over the River Foyle at 8.15pm. 

    Please note that in the interests of health and safety, the Peace Bridge will be closed from 7pm in advance of the display, reopening at 8.45pm.

    A quiet space will be available in the Guildhall each day from 12noon – 9pm (10pm 31st), and parents and carers can also pick up ID Me safety wrist bands at the Guildhall information point.

    For anyone with accessibility requirements, a full guide to available support is available here – https://derryhalloween.com/about/accessibility/

    Translink will run additional services to the city centre throughout the event. For information on Translink bus and rail services to and from the city go to https://www.translink.co.uk/

    Festival and Events Manager with Derry City and Strabane District Council, Jacqueline Whoriskey, said regular updates will be provided on social media. “With the numbers expected this year I would advise that visitors check out all the traffic and travel information so they can prepare ahead. Regular updates will be posted on the Derry Halloween and Council social media platforms throughout the festival.

    “I would recommend downloading our Whats On Derry Strabane app – this will give you the lowdown on all that’s going on and all the information you need to plan your journey.

    “I would also appeal to everyone to follow the guidance of our stewards and the PSNI – they are there to keep the event running smoothly and everyone safe. We are so looking forward to the event this year but we need everyone to play their part and help us deliver a safe and enjoyable celebration.”

    Derry Halloween is delivered by Derry City and Strabane District Council and funded by Tourism Northern Ireland and The Executive Office, with support from Ulster University and Air Coach.

    You can find all the details about traffic and travel and the full programme on derryhalloween.com

    MIL OSI United Kingdom –

    January 25, 2025

  • MIL-OSI Economics: Messi’s MLS Cup Playoffs debut to stream free on MLS Season Pass on Apple TV

    Source: Apple

    Headline: Messi’s MLS Cup Playoffs debut to stream free on MLS Season Pass on Apple TV

    October 23, 2024

    UPDATE

    Lionel Messi’s historic MLS Cup Playoffs debut to stream free on MLS Season Pass on Apple TV

    Round One of the Audi 2024 MLS Cup Playoffs kicks off this Friday on MLS Season Pass, on apple.com, in Apple Store locations around the world, and on TikTok

    Lionel Messi makes his historic MLS Cup Playoffs debut this Friday, October 25, as the playoffs return to MLS Season Pass on Apple TV for a free primetime match. The top-seeded Inter Miami CF kicks off against Atlanta United FC at 8:30 p.m. EDT for the Round One Best-of-3 Series.

    After joining Inter Miami CF last season and leading the club to claim the Supporters’ Shield and single-season points record earlier this month, Messi is aiming to reach yet another milestone in his legendary career with a record 47th trophy.

    Fans can tune in on Apple TV to enjoy the match in its entirety, and have an incredible breadth of options to watch live, including through the Apple TV app on Apple devices, smart TVs and streaming devices, set-top boxes, and game consoles, and on the web at tv.apple.com.

    Additionally, top-ranked clubs — including defending MLS Cup and Leagues Cup champions Columbus Crew, Lamar Hunt U.S. Open Cup winners Los Angeles FC, and more — are vying to claim the 29th MLS Cup. MLS Season Pass on Apple TV is the only place fans can watch every playoff match with no blackouts, culminating with the MLS Cup final on December 7.

    “We’re offering Friday’s match to fans worldwide on MLS Season Pass at no cost to celebrate an amazing season and Messi making his first-ever appearance in the MLS Cup Playoffs,” said Eddy Cue, Apple’s senior vice president of Services. “This is a historic moment, and we’re thrilled that viewers have such an extensive array of ways to watch.”

    “Our partnership with Apple has brought MLS to global audiences in innovative ways, and making this opening playoff match between Inter Miami and Atlanta United available at no cost is another example of our commitment to connect with fans,” said Don Garber, MLS’s commissioner. “The Audi 2024 MLS Cup Playoffs are going to be intense from start to finish, so we’re excited to kick things off on Apple TV with this matchup of two great clubs featuring some of our sport’s biggest stars.”

    “The history books could be rewritten with the MLS Cup Playoffs, when you consider Inter Miami winning the Supporters’ Shield, breaking the record for most points in a season, and ultimately vying for the MLS Cup,” said Taylor Twellman, MLS Season Pass’s lead analyst. “The attention on the playoffs will be unlike anything we’ve seen, because with every trophy Messi wins, he becomes more and more the greatest of all time. And the best part is everyone is coming to try to knock him off the mantle. It’s going to be fun to watch it all unfold.”

    “Following 38 matchdays of fantastic regular-season soccer, we’re coming to the most beautiful time of the season,” said Sammy Sadovnik, MLS Season Pass’s Spanish-language play-by-play announcer. “Miami’s success will depend on both their ability to maintain the consistency they’ve displayed in the regular season and the talents of Leo Messi, the best player in the world.”

    More Ways to Watch

    In addition to broadcasting free on MLS Season Pass on Apple TV, Friday night’s match will also stream live on apple.com and in Apple Store locations across the world, including Apple Fifth Avenue in New York City, Apple Union Square in San Francisco, and Apple The Grove in Los Angeles, in addition to Apple Store locations in Australia, Brazil, Canada, Japan, Korea, and Mexico.

    Fans on TikTok can enjoy a special “Player Spotlight: Messi” presentation of Friday’s match where the camera will be trained on Messi as he lights up the pitch. The stream will broadcast live on the @MLS TikTok profile and be simulcast on the @InterMiamiCF TikTok profile, beginning five minutes before kickoff. This will mark the first time TikTok has streamed an entire live soccer match with a single-player focus. Fans can register on TikTok to stream the live event.

    The match will be provided at no additional cost to all DIRECTV residential satellite customers on channel 622 and all DIRECTV FOR BUSINESS customers on channel 9475.

    Round One Best-of-3 Series: Game One Schedule

    Friday, October 25
     Inter Miami CF vs. Atlanta United FC
    8:30 p.m. EDT

    Saturday, October 26
     LA Galaxy vs. Colorado Rapids
    11 p.m. EDT

    Sunday, October 27
     Orlando City SC vs. Charlotte FC
    7:30 p.m. EDT

    LAFC vs. TBD (winner of today’s Vancouver Whitecaps FC vs. Portland Timbers wild card match)
     9:45 p.m. EDT

    Monday, October 28
     FC Cincinnati vs. New York City FC
    6:45 p.m. EDT

    Seattle Sounders FC vs. Houston Dynamo FC
    9 p.m. EDT

    Tuesday, October 29
     Columbus Crew vs. New York Red Bulls
    6:45 p.m. EDT

    Real Salt Lake vs. Minnesota United FC
    9 p.m. EDT

    How to Watch on MLS Season Pass on Apple TV

    MLS Season Pass will broadcast every match of the postseason, including the MLS Cup final presented by Audi. MLS Season Pass is available through the Apple TV app on Apple devices, smart TVs, streaming devices, set-top boxes, and game consoles, as well as on the web at tv.apple.com. Fans can also access MLS Season Pass from the Apple TV app on Apple Vision Pro, where they can watch games alongside other apps in their physical space; within an Environment, so the screen feels 100 feet wide; and in Spatial Audio for an even more immersive viewing experience.

    Fans in more than 100 countries and regions can sign up for MLS Season Pass for $9.99 for the remainder of the season. Existing Apple TV+ subscribers can sign up for a subscription to MLS Season Pass for free for the remainder of the 2024 season. For more information, and to subscribe to MLS Season Pass, visit apple.co/_MLS_.

    Follow the MLS Cup Playoffs with the Apple Sports App

    The free Apple Sports app for iPhone is the best way for fans to stay up to date on scores, stats, standings, and their favorite clubs throughout the MLS Cup Playoffs.1 Users can easily navigate between scores and upcoming games, explore play-by-play information, team stats, lineup details, live betting odds, and tap to watch matches on MLS Season Pass in the Apple TV app.2 Apple Sports also seamlessly syncs with favorites selected within the My Sports experience, including in the Apple TV app and Apple News. With iOS 18 and watchOS 11, the Apple Sports app now offers Live Activities for all teams and leagues available in the app for the first time ever, delivering live scores and play-by-play info at a quick glance to a user’s iPhone and Apple Watch Lock Screens.3

    1. Available in the U.S., the U.K., and Canada.
    2. A subscription is required.
    3. Live Activities require iOS 18 and watchOS 11 or later.

    Press Contacts

    Sam Citron

    Apple

    citron@apple.com

    Hayden Zelson

    Apple

    h_zelson@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics –

    January 25, 2025
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