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Stock impact report

Solid 3Q19 Results Supported by Good Operational Performance and Ongoing Focus on Cost Efficiencies FY 2019 Guidance Confirmed

VEON Ltd. - American Depositary Shares (VEON) 
US:NASDAQ Investor Relations: veon.com/investor-relations
Company Research Source: PR Newswire
AMSTERDAM, Nov. 4, 2019 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and digital services, today announces results for the quarter ended 30 September 2019.KEY POINTSRevenue, EBITDA and equity free cash flow (excluding licenses) tracking in line with our full year 2019 guidance Underperformance in Russia was offset by strong performances from our Growth Engines (Pakistan, Ukraine, Uzbekistan, Kazakhstan), while our Frontier Markets are delivering in line with our expectations Strong data usage continued to lead service revenue growth, underpinned by continued network investment Good progress against corporate cost reduction and Group cost intensity targets Monitor certified our compliance program; the Deferred Prosecution Agreement expiredURSULA BURNS, CHAIRMAN AND CHIEF EXECUTIVE OFFICER, COMMENTS:"VEON reported a solid nine months and third quarter, with continuing good operational execution across the Group. Our year Show less Read more
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