VEON Ltd. (VEON) Provides Trading Update, Reports Q1 Revenue of $1.82B

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VEON publishes Q1 2022 trading update

April 28, 2022 1:07 AM EDT

Protecting stakeholder value delivering continued local currency growth across our operations

AMSTERDAM, April 28, 2022 /PRNewswire/ -- VEON Ltd. (VEON) announces a trading update for the first quarter ended 31 March 2022, including selected financial and operating results:

VEON ended 1Q22 with revenue of USD 1,823 million, +9.8% YoY in local currency (-0.4% YoY in reported currency) and EBITDA of USD 775 million, +5.7% YoY in local currency (-4.0% YoY in reported currency). Group capex was USD 367 million (-6.2% YoY), with capex... More