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VEON Ltd (VEON)
:VEON
Holding VEON?
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.92Last Year’s EPS
-50.76Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 24.02%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with a strong focus on revenue growth and digital transformation success, particularly in Pakistan, but faced challenges in EBITDA performance and market-specific issues in Bangladesh.Company Guidance
During the Q3 2024 earnings call for VEON.AS, the company provided guidance metrics including an expected total revenue growth of 8% to 10% year-on-year in U.S. dollars and an EBITDA growth of 4% to 6% in U.S. dollars. In local currency terms, revenue growth is revised to 12% to 14% and EBITDA growth to 9% to 11%, with underlying growth anticipated at 15.7% for revenue and 11.2% for EBITDA. The company reported a cash position of $1 billion, with gross debt down 8% year-on-year. Additionally, capital expenditures increased 51.2% compared to the previous year, with an intensity of 19.2% over the last 12 months. The guidance reflects adjustments in response to macroeconomic conditions, including currency fluctuations and geopolitical factors affecting operations, such as the revolution in Bangladesh.Revenue Growth
VEON reported a 9.8% year-over-year revenue growth in U.S. dollars and a 14.1% increase in local currency terms. Excluding the impact of the Bangladesh revolution, the underlying growth in local currency terms would be 16% year-over-year.
Strong Performance in Pakistan
Pakistan led the growth with a 22.6% year-on-year revenue increase and 14.7% EBITDA growth. Direct digital revenues in Pakistan reached 26% of total revenues, growing 27.2% year-on-year.
Digital Revenue Growth
Direct digital revenues grew 35.1% year-on-year in U.S. dollars, and digital financial services achieved significant growth with platforms like JazzCash in Pakistan reporting a 74% revenue increase.
Cash Management and Debt Reduction
VEON ended Q3 with a cash position of $1 billion, showing effective cash management, and reduced gross debt by 8% year-on-year.
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VEON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VEON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 13, 2024 | $37.09 | $36.47 | -1.67% |
| Aug 30, 2024 | $26.67 | $26.67 | 0.00% |
| May 15, 2024 | $25.42 | $25.50 | +0.31% |
| Mar 21, 2024 | $23.75 | $22.94 | -3.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does VEON Ltd (VEON) report earnings?
VEON Ltd (VEON) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is VEON Ltd (VEON) earnings time?
VEON Ltd (VEON) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VEON EPS forecast?
VEON EPS forecast for the fiscal quarter 2024 (Q4) is 0.92.
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