Brief: Veon Raises FY Revenue and EBITDA Guidance

VEON

20/11/2023 11:10

Nov 20 (Reuters) - VEON Ltd  VON.AS :
    * VEON 3Q23 TRADING UPDATE: RAISING FULL-YEAR REVENUE AND
EBITDA
GUIDANCE, RETURN TO USD REVENUE GROWTH, EXIT FROM RUSSIA
COMPLETED
    * RAISED ITS FULL-YEAR LOCAL CURRENCY REVENUE GROWTH
GUIDANCE FROM
16-19% TO 18-20% 
    * RAISES FULL-YEAR NORMALIZED EBITDA GROWTH (YOY LOCAL
CURRENCY)
GUIDANCE TO 18-20%, FROM 10-14%
    * Q3 EBITDA OF USD 444 MILLION, +17.0% YOY (+30.6% YOY IN
LOCAL
CURRENCY)
    * 2023 OUTLOOK FOR THE GROUP’S CAPEX INTENSITY REDUCED TO 
THE
RANGE OF 16%-18%
    * WE ARE CLOSELY MONITORING EVENTS IN RUSSIA AND UKRAINE, AS
WELL
AS POSSIBILITY OF IMPOSITION OF FURTHER SANCTIONS IN CONNECTION
WITH ONGOING WAR BETWEEN RUSSIA AND UKRAINE
    * OUR OPERATIONS IN UKRAINE CONTINUE TO BE AFFECTED BY WAR
    * NET DEBT DECREASED TO USD 2.1 BILLION IN 3Q23
    * RUSSIA UKRAINE WAR, SANCTION, OTHER LEGAL AND REGULATORY
RESPONSES, RESPONSES BY SERVICE PROVIDERS, PARTNERS, SUPPLIERS
MAY SIGNIFICANTLY IMPACT RESULTS AND ASPECTS OF OPERATIONS IN
UKRAINE

Source text for Eikon:  ID:nGNE9wXCJp 
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