VEON reports April YTD trading update with revenue and EBITDA growth

From GlobeNewswire: 2024-05-31 01:00:00

VEON provided an April YTD trading update at its AGM. The company reported total revenue of USD 1,278 million, with a 8.6% YoY increase, and service revenue of USD 1,226 million, up by 7.5% YoY. EBITDA reached USD 528 million, a 2.1% YoY increase.

During the first four months of 2024, VEON saw revenue growth in five of its six operating countries. The company achieved an 8.6% YoY increase in total revenue and a 12.9% YoY increase in local currency revenue. Kyivstar demonstrated stable performance while serving Ukraine.

VEON Group CEO, Kaan Terzioglu, credited the strong revenue growth in 4M24 to the company’s successful execution of its Digital Operator strategy. Revenues increased by nearly 9% YoY in reported currency and almost 13% in local currency, supported by positive FX developments in some markets.

The company provided detailed country-by-country revenue and EBITDA figures for 4M24, showing growth in total revenue and service revenue across various markets. The full presentation is available on VEON Group’s website for investors to review.

Investors and stakeholders can access the AGM webcast and dial-in using the provided links. VEON encourages participants to register and attend the event virtually through Zoom to stay informed about the company’s financial performance and strategic updates.

VEON, a global digital operator, offers connectivity and online services to around 160 million customers in six markets. The company aims to empower individuals, foster digital inclusion, and drive economic growth. It is listed on NASDAQ and Euronext Amsterdam with a diverse investor base.



Read more at GlobeNewswire:: VEON discloses April YTD trading update at its AGM