Brief: Veon Q1 EBITDA At $386 Million, Up 0.2% YoY

VEON

16/05/2024 06:06

May 16 (Reuters) - VEON Ltd  VON.AS :
    * VEON 1Q24 TRADING UPDATE: ACCELERATING USD GROWTH, STRONG
OPERATIONAL EXECUTION
    * Q1 CAPEX OF USD 125 MILLION, +38.6% YOY, WITH LTM CAPEX
INTENSITY OF 18.3%
    * Q1 REVENUE OF USD 942 MILLION, +6.6% YOY (+11.6% YOY IN
LOCAL
CURRENCY) AND EBITDA OF USD 386 MILLION, +0.2% YOY (+5.1% YOY IN
LOCAL CURRENCY)
    * Q1 EBITDA OF USD 386 MILLION, +0.2% YOY (+5.1% YOY IN
LOCAL
CURRENCY)
    * MAINTAINING FY 2024 REVENUE GROWTH GUIDANCE IN LOCAL
CURRENCY OF
16-18%, EBITDA GROWTH GUIDANCE IN LOCAL CURRENCY OF 18-20%, AND
CAPEX INTENSITY OF 18-19%
    * VEON MANAGEMENT INCREASES SHARE OWNERSHIP

Source text for Eikon:  ID:nGNE4mgML3 
Further company coverage:  VON.AS 

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