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Annual and Sustainability Report 2019

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Overskrift 1 Lorem ipsum dolor sit amet, consectetur Proin sodales libero eget ante. Nulla quam. adipiscing elit. Integer nec odio. Praesent libero. Aenean laoreet. Sed cursus ante dapibus diam. Sed nisi. Nulla quis sem at nibh elementum imperdiet. Duis Lorem ipsum dolor sit amet, consectetur sagittis ipsum. Praesent mauris. Fusce nec adipiscing elit. Integer nec odio. Praesent libero. tellus sed augue semper porta. Mauris massa. Sed cursus ante dapibus diam. Sed nisi. Nulla Vestibulum lacinia arcu eget nulla. Class aptent quis sem at nibh elementum imperdiet. Duis taciti sociosqu ad litora torquent per conubia sagittis ipsum. Praesent mauris. Fusce nec nostra, per inceptos himenaeos. Curabitur tellus sed augue semper porta. Mauris massa. sodales ligula in libero. Vestibulum lacinia arcu eget nulla. Class aptent taciti sociosqu ad litora torquent per conubia Sed dignissim lacinia nunc. Curabitur tortor. nostra, per inceptos himenaeos. Curabitur Pellentesque nibh. Aenean quam. In scelerisque sodales ligula in libero. sem at dolor. Maecenas mattis. Sed convallis tristique sem. Proin ut ligula vel nunc egestas Sed dignissim lacinia nunc. Curabitur tortor. porttitor. Morbi lectus risus, iaculis vel, suscipit Pellentesque nibh. Aenean quam. In scelerisque quis, luctus non, massa. Fusce ac turpis quis sem at dolor. Maecenas mattis. Sed convallis ligula lacinia aliquet. Mauris ipsum. tristique sem. Proin ut ligula vel nunc egestas porttitor. Morbi lectus risus, iaculis vel, suscipit Nulla metus metus, ullamcorper vel, tincidunt quis, luctus non, massa. Fusce ac turpis quis sed, euismod in, nibh. Quisque volutpat ligula lacinia aliquet. Mauris ipsum. condimentum velit. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per Suspendisse in justo eu magna luctus suscipit. inceptos himenaeos. Nam nec ante. Sed Sed lectus. Integer euismod lacus luctus magna. lacinia, urna non tincidunt mattis, tortor neque Quisque cursus, metus vitae pharetra auctor, adipiscing diam, a cursus ipsum ante quis turpis. sem massa mattis sem, at interdum magna Nulla facilisi. Ut fringilla. Suspendisse potenti. augue eget diam. Vestibulum ante ipsum primis Nunc feugiat mi a tellus consequat imperdiet. in faucibus orci luctus et ultrices posuere cubilia Vestibulum sapien. Proin quam. Etiam ultrices. Curae; Morbi lacinia molestie dui. Praesent blandit dolor. Sed non quam. In vel mi sit amet Suspendisse in justo eu magna luctus suscipit. augue congue elementum. Morbi in ipsum sit Sed lectus. Integer euismod lacus luctus magna. amet pede facilisis laoreet. Donec lacus nunc, Quisque cursus, metus vitae pharetra auctor, viverra nec, blandit vel, egestas et, augue. sem massa mattis sem, at interdum magna Vestibulum tincidunt malesuada tellus. Ut augue eget diam. Vestibulum ante ipsum primis ultrices ultrices enim. Curabitur sit amet mauris. in faucibus orci luctus et ultrices posuere cubilia Curae; Morbi lacinia molestie dui. Praesent Morbi in dui quis est pulvinar ullamcorper. Nulla blandit dolor. Sed non quam. In vel mi sit amet facilisi. Integer lacinia sollicitudin massa. Cras augue congue elementum. Morbi in ipsum sit metus. Sed aliquet risus a tortor. Integer id amet pede facilisisAnnual laoreet. Donec lacus nunc, and quam. Morbi mi. Quisque nisl felis, venenatis viverra nec, blandit vel, egestas et, augue. tristique, dignissim in, ultrices sit amet, augue. Vestibulum tincidunt malesuada tellus. Ut Proin sodales libero eget ante. ultrices ultrices enim.sustainability Curabitur sit amet mauris. Berumqui repraereport natiatumque porem 2019 experum, Morbi in dui quis est pulvinar ullamcorper. Nulla facilisi. Integer laciniaVy Groupsollicitudin massa. Cras metus. Sed aliquet risus a tortor. Integer id quam. Morbi mi. Quisque nisl felis, venenatis tristique, dignissim in, ultrices sit amet, augue. 1 Vy Group – Annual and sustainability report 2019 Table of contents Belief in the future and the will to succeed 4 This is the Vy Group 6 Important events 12 NSB and Nettbuss become Vy 17 Eco-friendly travel should be easy 19 Sustainability report 20 Report of the Board of Directors 44 Accounts – Vy Group 51 Accounts – Vygruppen AS 91 Auditor's report 113 Corporate Governance 116 3 Vy Group – Annual and sustainability report 2019 Belief in the future and the will to succeed 2019 has been a year of change and renewal for the company. At the start of the year, we were known as NSB and Nettbuss. At the end of the year, most people know us by our new name: Vy. Trains and buses are gradually becoming greener, and our train and bus staff are wearing new uniforms that indicate our shared identity. We bring our rail and bus operations closer together and make it even easier to choose eco-friendly travel. 4 Vy Group – Annual and sustainability report 2019 Vy has many years of experience of tendering in the competitive tendering market and procedures relating to bus services. We won seeing positive progress in respect to the a number of major bus contracts in 2019 express coach services. We have purchased and increased our market share still further. Flygbussarna in Sweden and are now the These experiences have been useful as our rail leading express coach operator there as well. operations now have been put out to tender. We Rail operations in Sweden are clearly seeing rounded off the year by winning the contract for strong profit growth as well as increasing Package West, coming out on top in terms of number og travellers. both price and quality. There has been an upturn in terms of rail freight We believe that our tender for the Bergen and in 2019, with positive results. We believe this Voss Lines will be so attractive that it will attract progress will continue in 2020 in step with our many more passengers in years to come. We ability to offer carriers and owners of goods have to make public transport easier and more more effective solutions and greater capacity attractive if we are to succeed in our ambitions. on the most attractive routes. This will enhance With the Bergen Line, many passengers are safety on the roads in Norway and is great for tourists who would like to see a bit of Norway, the environment. combining their rail journey with boat and bus travel around the beautiful landscape of western We believe in the future. The services we offer to Norway. This is an important reason as to why commuters and leisure travellers are important Vy has joined forces with Fjord1 to form a new contributions towards Norway’s efforts to travel company, Vy Fjord1 Reiseliv, which aims fulfil the UN’s Sustainable Development to offer tourists great combination tours by Goals. However, we are also aware that tough road, rail and sea that include local experiences, competition and the need for attractive dining and accommodation. A successful new offerings will demand a lot from us. Our tourism initiative is a prerequisite for Vy’s employees have made a great effort in 2019. The success with Package West. determination they have shown to succeed give us high hopes for the future. For other passengers, trains are an alternative to cars when travelling to their cottages in the Thanks! mountains. For these people, it is important to provide services that can take them to the railway station in Oslo or Bergen – ideally some form of public transport – or electric city cars if they have a lot of luggage to carry. And at their destination, taxis, flexible bus services or Geir Isaksen permanent shuttle services may provide the CEO, Vy solution. We are very active in Norway and Sweden. Vy was very successful in the bus market in Norway last year, increasing its market share 5 Vy Group – Annual and sustainability report 2019 This is the Vy Group The Vy Group is one of the largest stakeholders in the mobility market in the Nordic countries, with bus and coach services, rail services, mobility and tourism in Norway and Sweden. 6 Vy Group – Annual and sustainability report 2019 Buses Vy is the largest bus company in Norway and operates in Norway and Sweden. 125,9 million journeys were completed using Vy bus services in Norway and Sweden in 2019. The company’s operations mainly involve contract services, but it also offers commercial express bus services. Vy also operates and owns around 25 garages for heavy vehicles via its Team Verksted division. Net sales, 2019: 6 506 MNOK Fullt-time equivalents: 5 479 Passenger trains Vy runs local trains, intercity trains and regional trains over a total of 23 routes in Norway. Vy operates on four routes in Sweden: from Kiruna in Lapland in the north to Hässelholm in Skåne in the south. 73,2 million train journeys were made with Vy in Norway in 2019, and 5,5 million in Sweden. Net sales, 2019: 9 536 MNOK Full-time equivalents, 2019: 3 216 8 Vy Group – Annual and sustainability report 2019 Mobility & Tourism Lorem ipsum dolor sit amet, consectetur Proin sodales libero eget ante. Nulla quam. adipiscingMobility elit. Integer and Tourismnec odio. Praesent(Mobilitet libero. & Reiseliv Aenean in laoreet. Sed cursusNorwegian) ante dapibus is the diam. Vy Sed Group’s nisi. Nulla business unit quis semworking at nibh elementumwith the development imperdiet. Duis of mobilityLorem ipsum dolor sit amet, consectetur sagittisservices ipsum. Praesent and tourism. mauris. FusceAs regards nec mobility,adipiscing we elit. Integer nec odio. Praesent libero. tellus sedare augue working semper on porta.developing Mauris massa.a shared platformSed cursus ante dapibus diam. Sed nisi. Nulla Vestibulum lacinia arcu eget nulla. Class aptent quis sem at nibh elementum imperdiet. Duis taciti sociosqufor travel ad litoraplanning torquent and per ticketing, conubia as wellsagittis as ipsum. Praesent mauris. Fusce nec nostra,development per inceptos himenaeos. of door-to-door Curabitur services tellussuch sed augue semper porta. Mauris massa. sodalesas ligula Din in Bybil, libero. taxis and autonomous buses.Vestibulum lacinia arcu eget nulla. Class aptent taciti sociosqu ad litora torquent per conubia Sed dignissimWhen itlacinia comes nunc.
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  • Opening Speach

    Opening Speach

    Bane NOR Tender Conference 2019 Birger Steffensen Deputy EVP – Infrastructure Construction Bane NOR Tender Conference June 5th 2019 Security – our main priority H1 H1 3,8 6,0 Bane NOR large projects EBA average 2018 apr 2019 2 Our vision: Norway on track The safest railway in Europe Customers first Future-oriented contributor to society More rail for the money 3 OUR STRATEGY: More rail for money Reduced comparable investment cost • The right technical design – no gold plating - stan d ard isatio n • Take advantage of contractors experience in design • Proactively contribute to a well functioning contractor market • Predictable Company role and create an environment for a successful project execution for both contractor and Bane NOR Main challenges to improve and deliver more railway for the money: • Improve the functional description in the tender documents • Stronger Company role in development of the project in an early stage • Balanced contracts and optimal risk sharing • Early contractor involvement Our goal is to optimize the projects and lower the conflict level We carry out some of the largest transport projects in Norway Strong increase in railway investments in Norway Planned investments - Bane NOR Execution Preparation for execution Early planning and engineering 18 16 14 Billion NOK 12 10 8 6 4 2 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 7 Source: ‘Handlingsprogrammet 2018’ Bane NOR’s major projects Projects with planned Projects with planned Ongoing/completed projects
  • School of Dance (Claeetfled Adverttslag on Page 17)

    School of Dance (Claeetfled Adverttslag on Page 17)

    y n THURSDAY, AUGUST 18, 1966 FACE TWENTY iKanirliffBt^r 1$mU> Average Daily Net Pirns Run The Weather For the Week . Ended Chance of thundershower* II, chief of the .Connecticut holds a bachelor’s degree from August d, IMd this evening, then fair and cooi* Murphy Named State pepartmenti»,of Educi- Brigham Young University -in er, low near 60; sunny and Post Office WonH Locate , About Town tion’s Division of Vocational Re­ Utah and a master's from pleasant tomorrbw, high near Manchester Duplicate Bridge Coordinator of habilitation. Pennsylvania State University. Betty-Jane Turner 13,871 8D. Club will sponsor a game to­ At North End Renewal In his new post Murphy ydll He is working toward a Ph.D. Manchester^A City of- ViUage Charm morrow at 8 p.m. at the Italian State Program in counseling at the University and on one will be selected coordinate rehabilitation coun­ American Club, 135 Eldridge S t Developers who .were consid­ of Connecticut. School Of Dance (Claeetfled Adverttslag on Page 17). PRICE SEVEN CEMIB ering building a post office^ in within the next few weeks. The David Murphy of 52 Bolton seling, educational activities VOL. LX X X V , NO. 272 ('TWENTY PAGES) MANCHESTER. GONN., FRH)AY, AUGUST 19, 1966 Registrations will be taken at and commimity services for .jail He is married and the father 7:30. The game Is open to the the North End have been called MRA has set a target date of St. has been appointed a state ANNOUNCING NEW LOCATION ■ Inmates in Hartford, Bridgeport of three children.
  • On Track GLIMPSES of JERNBANEVERKET's ACTIVITIES in 2015

    On Track GLIMPSES of JERNBANEVERKET's ACTIVITIES in 2015

    On track GLIMPSES OF JERNBANEVERKET'S ACTIVITIES IN 2015 Jernbaneverket is adopting new technology and new working methods in an increasing number of fields. A Norwegian railway tunnel is now being bored for the first time using TBM. Contact us Jernbaneverket units are located at several sites in the country. For more detailed information, visit our website or call our nationwide telephone service: 05280 From abroad (+47) 22 45 50 00 Postal address Jernbaneverket, Postboks 4350, NO-2308 Hamar Email [email protected] www.jernbaneverket.no “The major basic route change from December 2012 has resulted in formidable growth of passenger rail traffic in Eastern Norway, and the final pieces of the puzzle fell into place when Høvik station became fully operational by the time Contents of the timetable change in December 2015.” Editorial 3 Kjell Rune Pettersen Photo: Rail traffic 4 A glimmer of light for freight and rail services 4 12 CargoNet in the black 7 New tender 8 Timber on the increase 8 Punctuality approaching European peak 9 Maintenance and renewals 10 The beginning of a new era 11 Exciting times Firmly raising the standard at many stations 12 Rail initiative employed thousands 14 Hilde Lillejord Photo: A new era for tunnel building in Norway 16 In June 2015, the Parliament of Norway made to pave the way for further ERTMS development a decision to reform the railway sector. Work and digitalised infrastructure monitoring. Groundbreaking 18 relating to that reform has characterised the past year, and will do so to an even greater extent in In December, 17 km of new double track on the Ready for railway technology 18 Herrenknecht AG Photo: From concrete and ballast to steel and cables 19 2016.