PRESENTATION OF FINANCIAL RESULTS
VEON s results presented in this earnings release are based on IFRS unless otherwise stated and have not been audited.
Certain amounts and percentages that appear in this earnings release have been subject to rounding adjustments. As a result, certain numerical figures shown as totals, including those in tables, may not be an exact arithmetic aggregation of the figures that precede or follow them.
All comparisons are on a year on year (YoY) basis unless otherwise stated.
The non-IFRS measures disclosed in the document, i.e. EBITDA, EBITDA margin, Net Debt, Equity Free Cash Flow (after licenses), Operational Capital Expenditures, Capex Intensity, local currency year on year change, ARPU are defined in Appendix A.
Strong Performance Across The Group Sees VEON Raise Full Year Guidance
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Strong Performance Across The Group Sees VEON Raise Full Year Guidance
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VEON Reports 4Q20 Results
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AMSTERDAM, Feb. 18, 2021 /PRNewswire/ VEON Ltd. (VEON) announces results for the fourth quarter ended 31 Dec 2020:
2020 HIGHLIGHTS:
VEON Reports 4Q20 Results
VEON s recovery continued as growth on a local currency basis returned in the fourth quarter, amidst unprecedented challenges
Group performance and cost structure were improved by streamlining HQ, empowering local operations and enhancing governance
VEON executed on a record network rollout, driving growth in 4G users of 34% YoY, (+20 million). Data revenues grew by 15.0% YoY in local currency
Portfolio optimization remained a focus, as shown by our exit from Armenia. Further opportunities to unlock value are being explored