Kyivstar owner VEON raises annual outlook

VEON

07/08/2025 05:15

Aug 7 (Reuters) - VEON VEON.O, the telecoms group that owns Ukraine's biggest mobile operator, on Thursday reported strong quarterly earnings and raised its annual revenue and core profit guidance.

The company now expects total revenue to grow between 13% and 15% and earnings before interest, taxes, depreciation and amortization (EBITDA) to rise in a range of 14% and 16% this year.

It had estimated a range of 12% to 14% for revenue and 13% to 15% for core earnings in March.

 (Reporting by Gianluca Lo Nostro and Leo Marchandon; Editing by Matt Scuffham)

 ((gianluca.lonostro@thomsonreuters.com; leo.marchandon@thomsonreuters.com))