VEON Q1 Sales $942M Up From $884M YoY, EBITDA $386M Up From $385M YoY
Portfolio Pulse from Benzinga Newsdesk
VEON reported Q1 2024 revenue of $942 million, up 6.6% YoY, and EBITDA of $386 million, up 0.2% YoY. The company also reported a significant increase in capex and a reduction in gross debt. VEON maintains its FY 2024 revenue and EBITDA growth guidance.
May 16, 2024 | 6:23 am
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VEON reported strong Q1 2024 results with revenue up 6.6% YoY and EBITDA up 0.2% YoY. The company also reduced its gross debt significantly and increased its capex. VEON maintains its FY 2024 growth guidance.
The positive revenue and EBITDA growth, along with significant debt reduction and increased capex, indicate strong financial health and operational performance. Maintaining growth guidance further supports a positive outlook.
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