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Stock impact report

Solid FY19 Results Supported by Good Operational Performance

VEON Ltd. - American Depositary Shares (VEON) 
US:NASDAQ Investor Relations: veon.com/investor-relations
Company Research Source: PR Newswire
AMSTERDAM, Feb. 14, 2020 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and digital services, today announces results for the quarter and year ended 31 December 2019.KEY POINTSFull-year 2019 guidance for revenue, EBITDA and equity free cash flow (excluding licenses) achieved New VEON Group co-CEO appointment Vasyl Latsanych to step down as Beeline Russia CEO Corporate cost reduction and cost intensity targets achieved Operational weakness in Russia was offset by strong performances from our Growth Engines (Pakistan, Ukraine, Uzbekistan and Kazakhstan), while our Frontier Markets delivered solid results Strong data usage continued to lead service revenue growth, underpinned by continued network investment Final dividend of US 15 cents per share declared, bringing total dividend for FY 2019 to US 28 cents per share URSULA BURNS, CHAIRMAN AND CHIEF EXECUTIVE OFFICER, COMMENTS:"2019 was another year of solid growth for the Gr Show less Read more
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