AMSTERDAM, June 29,
2022 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON)
(Euronext Amsterdam: VEON), a global digital operator that provides
mobile connectivity and services, will disclose key financial
highlights for the first five months of 2022 ("5M22") at the annual
general meeting of shareholders (the "AGM") being held today.
VEON Group 5M22 consolidated revenue, is in positive territory,
up by 1.3% in reported currency, and by 8.7% YoY in local currency
terms, with six of the eight
countries reporting double-digit local currency revenue growth for
the period.
Group CEO Kaan Terzioglu
commented: "Our digital operator strategy is delivering solid
results, enabled by growing 4G penetration. VEON Group's topline
growth was an encouraging 8.7% YoY in local currency terms, driven
by solid performance in our operations, despite the particularly
challenging circumstances. Building on an expanding portfolio of
services and with a constant focus on customer experience, our
operations are growing their subscriber base, improving their user
engagement, reducing churn, increasing their ARPU levels and
gaining market share. I am proud of the work done by our teams, and
would like to thank our Board and shareholders for their
support."
* EBITDA normalised in Ukraine and Kazakhstan is related to employee support and
the extraordinary charitable donations in 1Q22. Kyrgyzstan relates to a reversal of a tax
accrual in 2Q21.
The full AGM presentation is available on the VEON Group website
at https://www.veon.com/investors/equity-investors/agm/.
Disclaimer
This press release contains
"forward-looking statements", as the phrase is defined in Section
27A of the U.S. Securities Act of 1933, as amended, and Section 21E
of the U.S. Securities Exchange Act of 1934, as amended.
Forward-looking statements are not historical facts, and include
statements relating to, among other things, expectations regarding
management plans and the ability to successfully execute operating
model, governance and development plans. Forward-looking statements
are inherently subject to risks and uncertainties, many of which
VEON cannot predict with accuracy and some of which VEON might not
even anticipate. The forward-looking statements contained in this
release speak only as of the date of this release. VEON does not
undertake to publicly update, except as required by U.S. federal
securities laws, any forward-looking statement to reflect events or
circumstances after such date or to reflect the occurrence of
unanticipated events. Furthermore, elements of this release contain
or may contain, "inside information" as defined under the Market
Abuse Regulation (EU) No. 596/2014.
VEON's year-to-date results presented in this press release are,
unless otherwise stated, based on IFRS, using internal management
accounts, are the responsibility of management and are subject to
financial closing procedures which have not yet been completed and
have not been externally audited, reviewed or verified. Although we
believe the information to be reasonable, actual results may vary
from the information contained above and such variations could be
material. As such, you should not place undue reliance on this
information. This information may not be indicative of the actual
results for the quarter or any future period.
About VEON
VEON is a NASDAQ and Euronext
Amsterdam-listed global provider of connectivity and internet
services.
For more information visit: www.veon.com
Contact Information
VEON
Investor Relations
Nik Kershaw
ir@veon.com
+31 20 79 77 200
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SOURCE VEON Ltd