VEON reports Q4 revenue growth of 1.4% YoY and EBITDA decline of 20.4% YoY, while total cash and cash equivalents at $1.7B.
VEON reports strong organic growth in Q4 revenue (+1.4% YoY, +17.9% in local currency) and EBITDA (-20.4% YoY, +24.9% in local currency). FY 2023 revenue decreased by 1.5% YoY, while EBITDA declined by 7.9%. Total cash and cash equivalents were at $1.7B, with gross debt at $4.7B, down $2.8B YoY. Credit ratings of BB- assigned by S&P Global and Fitch. VEON 2.0 strategy execution remains solid.
March 21, 2024
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