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Stock impact report

VEON 3Q24 Trading Update: Another Billion Dollar Revenue Quarter, Digital Drives Growth

VEON Ltd. - American Depositary Shares (VEON) 
US:NASDAQ Investor Relations: veon.com/investor-relations
Company Research Source: GlobeNewswire
Amsterdam and Dubai, 14 November 2024 07:00AM CET VEON Q3 2024 Highlights Q3 Total revenue of USD 1,038 million, +9.8% YoY; revenue growth in local currency +14.1% YoY (+16.0% YoY underlying revenue growth in local currency) Q3 Direct digital revenue of USD 121 million, +35.1% YoY (+32.6% YoY in local currency)Q3 Telecom and infrastructure revenue USD 916 million, +7.2% YoY (+12.2% YoY in local currency)Q3 EBITDA of USD 438 million, -1.5% YoY, +3.5% YoY growth in local currency (+9.8% YoY underlying growth in local currency) Total cash and cash equivalents of USD 1,019 million, with USD 453 million at headquarters (“HQ”); and gross debt at USD 4.0 billion (decreased by USD 335 million YoY), with net debt excluding lease liabilities at USD 2.1 billionLTM Equity Free Cash Flow of USD 421million, +22.2% YoY; LTM Capex increased 16.3% YoY VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces sel Show less Read more
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