Veon rises on positive medium-term targets

VEON

06/06/2024 08:17

** Shares in Veon  VON.AS  rise 3.7% after the owner of
Ukraine's mobile operator Kyivstar said it expects growth in
sales, core profit and margins in the medium term
    ** "Very bullish medium term guidance, well ahead of
expectations," says broker NewStreet Research
    ** Veon sees an EBITDA CAGR of 19-22% in 2023-2027, with
medium-term sales growth of 16-19% in local currency
    ** It expects to focus on emerging markets such as Ukraine,
Pakistan and Kazakhstan after exiting Russia in October
    ** Including Thursday's rise, the stock has gained 37.6% YTD

 (Reporting by Dimitri Rhodes)
 ((Dimitri.Rhodes@thomsonreuters.com))