Veon up after it raises FY profit and sales guidance

VEON

20/11/2023 11:43

** Shares in Veon  VON.AS  rise 4.2% after the telecoms
company, owner of Ukraine's Kyivstar, raises its full-year sales
and core profit (EBITDA) guidance 
    ** The telecoms raised its full-year EBITDA guidance, now
expecting growth between 18%-20%, the against 10%-14% guided
previously 
    ** Veon now expects FY sales to grow 18%-20%, against
previous guidance of growth between 16%-19% 
    ** Q3 EBITDA was $444 million, up 17% year-on-year
    ** The shares, up 55% YTD, head for their best day in a
month 
    
    
    

 (Reporting by Olivier Sorgho)
 ((Olivier.Sorgho@thomsonreuters.com))