VEON 1Q24 Trading Update: Accelerating USD Growth, Strong Operational Execution
In 1Q24, VEON continued to report growth in revenues in reported currency terms with double digit local currency top-line growth.
- In 1Q24, VEON continued to report growth in revenues in reported currency terms with double digit local currency top-line growth.
- Total revenues reached USD 942 million, an increase of 6.6% YoY in reported currency (+11.6% YoY in local currency).
- Capex in 1Q24 was USD 125 million, an increase of 38.6% YoY, and reported capex intensity for the last twelve months was 18.3% (-2.0p.p.
- YoY).