Sony Pixel Power calrec Sony

VEON discloses April YTD trading update at its AGM

31/05/2024

31 May 2024

VEON discloses April YTD trading update at its AGM Amsterdam, 31 May 2024 07:00 CEST -

VEON April YTD 2024 Highlights

Total revenue of USD 1,278 million, + 8.6% YoY (12.9% YoY in local currency)

Service revenue of USD 1,226 million, 7.5% YoY (11.7% YoY in local currency)

EBITDA of USD 528 million, + 2.1% YoY (6.4% YoY in local currency)

VEON appoints UHY LLP as auditors for VEON Group's 2023 PCAOB audit

VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services ( VEON or, together with its subsidiaries, the Group ) will report its key financial highlights for the first four months of 2024 (4M24) at the Annual General Meeting of shareholders ( AGM ) being held today.

During the first four months of 2024, the Group demonstrated accelerated growth. Reported currency revenues for the first four months of 2024 saw an 8.6% increase compared to the previous year; and local currency revenues increased by 12.9% year-on-year. Five out of VEON's six operating countries demonstrated reported currency revenue growth during this period; and Kyivstar started stabilizing its year-on-year performance in April while continuing to serve Ukraine with dedication.

The robust results for the first four months of 2024 reflect the successful execution of VEON's Digital Operator strategy, which continues to drive our accelerated top-line growth. Our revenues for 4M24 have increased by nearly 9% year-on-year in reported currency, and almost 13% in local currency terms, fueled by strong performance across our operations and supported by positive FX developments in some of the markets. I would like to thank our Board for their guidance as we continue to execute our strategy successfully, and our shareholders for their continued trust, said Kaan Terzioglu, VEON Group CEO.

The table below details 4M24 and 4M23 revenues and EBITDA and YoY trends for the Group on a country-by-country basis:

USD million

(unaudited) 4M24 4M23 YoY

(reported) YoY

(local currency)

Total revenue 1,278 1,178 8.6% 12.9%

Ukraine 262 303 (13.5%) (8.8%)

Pakistan 435 355 22.3% 28.8%

Kazakhstan 287 236 21.7% 20.4%

Bangladesh 190 185 2.3% 6.1%

Uzbekistan 89 84 5.2% 16.0%

Kyrgyzstan 18 17 8.7% 11.7%

Service revenue 1,226 1,141 7.5% 11.7%

Ukraine 259 301 (14.0%) (9.3%)

Pakistan 395 331 19.3% 25.5%

Kazakhstan 280 228 22.6% 21.4%

Bangladesh 188 182 2.9% 6.7%

Uzbekistan 88 84 5.0% 15.8%

Kyrgyzstan 18 17 8.5% 11.5%

EBITDA 528 517 2.1% 6.4%

Ukraine 137 176 (22.3%) (17.9%)

Pakistan 195 162 19.8% 25.9%

Kazakhstan 157 124 26.5% 25.2%

Bangladesh 63 68 (7.7%) (4.3%)

Uzbekistan 32 37 (13.7%) (4.9%)

Kyrgyzstan 6 7 (2.1%) 0.6%

The full AGM presentation is available on the VEON Group website at https://www.veon.com/investors/equity-investors/agm/

AGM 2024 webcast and dial-in

To register and access the AGM, please click here or copy and paste this link to the address bar of your browser: https://veon-global.zoom.us/webinar/register/WN_MIk2L-TtQIyd5KscROF38g

Once registered, you will receive a registration confirmation message at the email address provided during registration with the link to access the webcast and dial-in details to listen to the webcast over the phone.

We strongly encourage you to watch the event through the Zoom link, but if you prefer to dial in, then please use the dial-in details.

About VEON

VEON is a global digital operator that currently provides converged connectivity and online services to about 160 million customers in six dynamic markets. We transform people's lives, empower individuals, create opportunities for greater digital inclusion and drive economic growth across countries that are home to more than 7% of the world's population. Headquartered in Amsterdam, VEON is listed on NASDAQ and Euronext Amsterdam, and has a broad investor base. For more information visit: https://www.veon.com.

Disclaimer

This press release contains forward-looking statements , as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, expectations regarding management plans and the ability to successfully execute operating model, plans. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events. Furthermore, elements of this release contain or may contain, inside information as defined under the Market Abuse Regulation (EU) No. 596/2014. VEON's 4M24 results presented in this press release are, unless otherwise stated, based on IFRS, using internal management accounts, are the responsibility of management and are subject to financial closing procedures which have not yet been completed and have not been externally audited, reviewed or verified. Although we believe the information to be reasonable, actual results may vary from the information contained above and such variations could be material. As such, you should not place undue reliance on this information. This information may not be indicative of the actual results for the quarter or any future period.

Contact Information

VEON

Investor Relations

Faisal Ghori

ir@veon.com

This website stores cookies on your computer. These cookies are used to improve vour website exper
LINK: https://www.veon.com/newsroom/press-releases/veon-discloses-april-ytd-...
See more stories from vimpel

More from VimpelCom

22/07/2024

VEON's Jazz Secures Pakistan's Largest Long-Term Private Sector Syndicated Credit Facility of up to PKR 75 billion

22 Jul 2024 VEON's Jazz Secures Pakistan's Largest Long-Term Private Se...

17/07/2024

VEON's Kyivstar Extends Energy Resilience of Network

17 Jul 2024 VEON's Kyivstar Extends Energy Resilience of Network Kyivstar addresses power blackouts with industrial-grade generator fleet Amsterdam and Ky...

09/07/2024

VEON Receives Licence from U.S. Treasury's OFAC, Amends 2025 and 2027 Notes

09 Jul 2024 VEON Receives Licence from U.S. Treasury's OFAC, Amends 2025 and 2027 Notes Amsterdam, 9 July 2024: VEON Ltd. (Nasdaq: VEON and Euronext Amster...

26/06/2024

VEON Discloses its 1Q24 Unaudited Interim Condensed Consolidated Financial Statements

26 Jun 2024 VEON Discloses its 1Q24 Unaudited Interim Condensed Consolidated Fi...

10/06/2024

VEON and Kyivstar increase Ukraine investment commitment to USD 1 billion, attend Ukraine Recovery Conference in Berlin

10 Jun 2024 VEON and Kyivstar increase Ukraine investment commitment to USD 1 b...

06/06/2024

VEON to Hold Capital Markets Day 2024, Sharing Mid-Term Ambition to Accelerate Local Currency Topline Growth to 16%-19% CAGR

06 Jun 2024 VEON to Hold Capital Markets Day 2024, Sharing Mid-Term Ambition to...

31/05/2024

VEON discloses April YTD trading update at its AGM

31 May 2024 VEON discloses April YTD trading update at its AGM Amsterdam, 31 May 2024 07:00 CEST - VEON April YTD 2024 Highlights Total revenue of USD 1,278 ...

31/05/2024

VEON Announces Its New Board, Names Founder Augie Fabela as Chairman

31 May 2024 VEON Announces Its New Board, Names Founder Augie Fabela as Chairman Amsterdam, 31 May 2024, 16.00 CET: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam...

29/05/2024

VEON appoints UHY LLP as auditors for VEON Group's 2023 PCAOB Audit and shares compliance plan with Nasdaq

29 May 2024 VEON appoints UHY LLP as auditors for VEON Group's 2023 PCAOB A...

28/05/2024

VEON Progresses with Asset-Light Strategy, Reaches Agreement to Sell Stake in TNS+ in Kazakhstan

28 May 2024 VEON Progresses with Asset-Light Strategy, Reaches Agreement to Sel...

22/05/2024

VEON Receives Nasdaq Notice on Delayed Filing, Confirms Ongoing Effort to Address Auditor Appointment

22 May 2024 VEON Receives Nasdaq Notice on Delayed Filing, Confirms Ongoing Eff...

20/05/2024

VEON's Banglalink and Robi Axiata Partner to Explore Network Sharing to Expand 4G Access in Bangladesh

20 May 2024 VEON's Banglalink and Robi Axiata Partner to Explore Network Sh...

16/05/2024

VEON 1Q24 Trading Update: Accelerating USD Growth, Strong Operational Execution

16 May 2024 VEON 1Q24 Trading Update: Accelerating USD Growth, Strong Operational Execution Amsterdam, 16 May 2024 07:00AM CEST - VEON Q1 2024 Highlights Q1...

15/05/2024

VEON Publishes Annual Corporate Governance Report for Financial Year 2023

15 May 2024 VEON Publishes Annual Corporate Governance Report for Financial Year 2023 Amsterdam, 15 May 2024 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEO...

15/05/2024

VEON and Beeline Kazakhstan Partner with GSMA and Barcelona Supercomputing Centre to Support Use of AI in Local Languages

15 May 2024 VEON and Beeline Kazakhstan Partner with GSMA and Barcelona Superco...

14/05/2024

Tamasha Scores Big with Digital Streaming Rights for ICC Cricket Tournaments in 2024 and 2025

14 May 2024 Tamasha Scores Big with Digital Streaming Rights for ICC Cricket To...

14/05/2024

VEON's Kyivstar Named the Top International Investor in Ukraine in 2022-2023 by Forbes Ukraine

14 May 2024 VEON's Kyivstar Named the Top International Investor in Ukraine...

09/05/2024

VEON's Banglalink Leads 3G Phase-out, Deepening its Focus on 4G

09 May 2024 VEON's Banglalink Leads 3G Phase-out, Deepening its Focus on 4G Amsterdam, 09 May 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a g...

08/05/2024

Statement on Director Independence Ahead of VEON AGM

08 May 2024 Statement on Director Independence Ahead of VEON AGM Amsterdam, 8 May 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital op...

06/05/2024

AI and Big Data Take the Centre Stage in Central Asia at Beetech 2024 Hosted by Beeline Kazakhstan and QazCode

06 May 2024 AI and Big Data Take the Centre Stage in Central Asia at Beetech 20...

26/04/2024

Cricket Finds Its Digital Home in Bangladesh: VEON's Banglalink to Stream ICC Cricket on Toffee

26 Apr 2024 Cricket Finds Its Digital Home in Bangladesh: VEON's Banglalink...

24/04/2024

VEON Announces 2024 AGM and Board Nominees

24 Apr 2024 VEON Announces 2024 AGM and Board Nominees Amsterdam, 24 April 2024 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator...

12/04/2024

VEON management increases share ownership

12 Apr 2024 VEON management increases share ownership Amsterdam, 12 April 2024 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator ...

28/03/2024

VEON Pays Back Outstanding Balance and Cancels its Revolving Credit Facility

28 Mar 2024 VEON Pays Back Outstanding Balance and Cancels its Revolving Credit Facility Amsterdam, 28 March 2024, 09.30 CET - VEON Ltd. (Nasdaq: VEON, Euronex...

26/03/2024

VEON announces sale of stake in Beeline Kyrgyzstan, increasing the focus on its large markets

26 Mar 2024 VEON announces sale of stake in Beeline Kyrgyzstan, increasing the ...

21/03/2024

VEON 4Q23 trading update: Strong organic growth in revenue and EBITDA, solid execution of VEON 2.0 strategy

21 Mar 2024 VEON 4Q23 trading update: Strong organic growth in revenue and EBIT...

18/03/2024

Banglalink Gets Unified Licence to Deliver Superior Digital Services in Bangladesh

18 Mar 2024 Banglalink Gets Unified Licence to Deliver Superior Digital Service...

14/03/2024

VEON appoints PwC as 2023 auditors, provides updates on reporting timelines

14 Mar 2024 VEON appoints PwC as 2023 auditors, provides updates on reporting timelines Amsterdam, Netherlands, 14 March 2024, 17:00 CET: VEON Ltd. (Nasdaq: VE...

11/03/2024

VEON to Hold Capital Markets Day on June 6, 2024

11 Mar 2024 VEON to Hold Capital Markets Day on June 6, 2024 Amsterdam, 11 March 2024: VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator...

04/03/2024

MSCI upgrades VEON to 'AA' ESG Rating

04 Mar 2024 MSCI upgrades VEON to AA ESG Rating Amsterdam, 4 March 2024: VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides...

01/03/2024

VEON announces the issuance of previously authorized shares representing approximately 4.99% of total share capital

01 Mar 2024 VEON announces the issuance of previously authorized shares represe...

29/02/2024

VEON's Kyivstar Awarded Best Mobile Innovation Supporting Emergency or Humanitarian Situations at GLOMOs

29 Feb 2024 VEON's Kyivstar Awarded Best Mobile Innovation Supporting Emer...

27/02/2024

VEON launches ROX, its digital-first brand in Pakistan

27 Feb 2024 VEON launches ROX, its digital-first brand in Pakistan ROX to provide Pakistan's digital-first generation with integrated content and services ...

26/02/2024

Rakuten Symphony and Kyivstar Sign Letter of Intent to Deploy Open RAN to Rebuild Ukraine's Digital Infrastructure

26 Feb 2024 Rakuten Symphony and Kyivstar Sign Letter of Intent to Deploy Open ...

21/02/2024

VEON Launches Geolocation Gateway, Enabling Proximity-Based Digital Services

21 Feb 2024 VEON Launches Geolocation Gateway, Enabling Proximity-Based Digital Services Amsterdam and Tashkent, 21 February 2024 - VEON Ltd. (NASDAQ: VEON, Eu...

14/02/2024

Kyivstar and Come Back Alive Raise UAH180M to Demine Ukraine, Reaching Campaign Target

14 Feb 2024 Kyivstar and Come Back Alive Raise UAH180M to Demine Ukraine, Reach...

08/02/2024

VEON's Kyivstar Nominated for the GLOMO in Best Mobile Innovation for Emergency and Humanitarian Connectivity

08 Feb 2024 VEON's Kyivstar Nominated for the GLOMO in Best Mobile Innovat...

06/02/2024

Augmented Intelligence for Disaster Response: Beeline Kazakhstan Mobilises AI to Fight Forest Fires

06 Feb 2024 Augmented Intelligence for Disaster Response: Beeline Kazakhstan Mo...

05/02/2024

VEON and Kyivstar Welcome Former U.S. Secretary of State and Kyivstar Board member Mike Pompeo to Ukraine

05 Feb 2024 VEON and Kyivstar Welcome Former U.S. Secretary of State and Kyivst...

05/02/2024

VEON and Kyivstar set in motion their 600m USD investment plan with Kyiv visit, Mike Pompeo joins the delegation

05 Feb 2024 VEON and Kyivstar set in motion their 600m USD investment plan with...

31/01/2024

VEON and Summit Complete USD 100m Deal for Bangladesh Towers Portfolio

31 Jan 2024 VEON and Summit Complete USD 100m Deal for Bangladesh Towers Portfolio Amsterdam and Dhaka, 31 January 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amst...

18/01/2024

Kyivstar Completes Preliminary Assessment of the Financial Impact of the Cyberattack

18 Jan 2024 Kyivstar Completes Preliminary Assessment of the Financial Impact o...

20/12/2023

VEON Presents Digital Operator Success Story at NSR/BCG Investor Conference in New York

20 Dec 2023 VEON Presents Digital Operator Success Story at NSR/BCG Investor Co...

19/12/2023

Kyivstar restores services in all categories, brings 99% of mobile network back on air

19 Dec 2023 Kyivstar restores services in all categories, brings 99% of mobile ...

15/12/2023

Kyivstar restores mobile internet across Ukraine, reactivates international roaming

15 Dec 2023 Kyivstar restores mobile internet across Ukraine, reactivates inter...

14/12/2023

Kyivstar restores voice services across Ukraine, starts the reactivation of mobile data services

14 Dec 2023 Kyivstar restores voice services across Ukraine, starts the reactiv...

13/12/2023

Kyivstar starts restoring voice services on its network following widespread cyber-attack

13 Dec 2023 Kyivstar starts restoring voice services on its network following w...

12/12/2023

Kyivstar Network Targeted by Widespread Cyber Attack

12 Dec 2023 Kyivstar Network Targeted by Widespread Cyber Attack Amsterdam, 12 December 2023 13:45 CET - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a ...

12/12/2023

Kyivstar Provides Update on Cyber-Attack Recovery; Reports Partial Restoration of Connectivity on its Fixed Network

12 Dec 2023 Kyivstar Provides Update on Cyber-Attack Recovery; Reports Partial ...

11/12/2023

VEON's Mobilink Bank Participates in COP28, Emphasizes the Role of Gender Inclusivity in Climate Finance

11 Dec 2023 VEON's Mobilink Bank Participates in COP28, Emphasizes the Role...