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VEON Ltd (VEON)
:VEON
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.83Last Year’s EPS
0.81Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: -2.07%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with strong revenue and EBITDA growth surpassing expectations, significant strides in digital services, and a strengthened financial position. However, challenges such as political unrest in Bangladesh and increased capital expenditure in Ukraine present notable concerns.Company Guidance
During the call, VEON provided detailed guidance for 2025, highlighting expected revenue growth of 12% to 14% in local currency terms and EBITDA growth projected at 13% to 15%. The company anticipates a capital expenditure intensity between 17% and 19%, a decrease from 2024's 20.6% due to escalated investments in Ukraine. VEON's 2024 revenue grew 8.3% in U.S. dollar terms and 14.6% in local currency, with direct digital revenues increasing by 63% to $460 million. The company also reported a significant improvement in its net debt to EBITDA ratio, reducing it to 1.3 times. Revenue guidance for 2025 factors in a blended weighted average inflation rate of 8.2%, with a focus on leveraging digital services and asset-light strategies to sustain growth amidst macroeconomic challenges.Strong Revenue and EBITDA Growth
VEON delivered 8.3% revenue growth in US dollars for 2024, exceeding the 8% to 10% growth expectations. EBITDA grew 4.9% in US dollars, also surpassing the 4% to 6% expectations. In local currency terms, revenue grew 14.6% and EBITDA by 12%.
Digital Services Expansion
Direct digital revenues grew by 63% for the full year and by 42% year-on-year in Q4, comprising 12.6% of total revenues. This highlights VEON's successful evolution into a services company with a telco license.
Improved Financial Position
The net debt to EBITDA ratio improved to 1.3 from over 3 times pre-Russia exit. Cash reserves rose by 65.6% quarter-on-quarter to $1.7 billion, ensuring readiness to redeem 2025 debt maturities.
Successful Asset-Light Strategy
VEON's asset-light strategy led to significant value unlocking, including the completion of Phase 1 of a $100 million share buyback program and the sale of assets like TNS+.
Strategic Acquisitions and Market Expansion
Acquired 97% of Uklon, Ukraine’s leading ride-hailing business, valued at $160 million. The acquisition aligns with VEON's strategy to expand digital services.
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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 |
|---|---|---|---|
| Mar 20, 2025 | $45.94 | $45.04 | -1.96% |
| 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% |
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 May 15, 2025, TBA Not Confirmed.
What is VEON Ltd (VEON) earnings time?
VEON Ltd (VEON) earnings time is at May 15, 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 2025 (Q1) is 0.83.
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