Edition:
India

Veon Q3 EBITDA Up At 987 Million Dollars


Monday, 4 Nov 2019 

Nov 4 (Reuters) - VEON Ltd ::FY 2019 GUIDANCE CONFIRMED.Q3 REPORTED REVENUE: USD 2,223 MILLION -4.0% YOY.Q3 GROUP CAPITAL EXPENDITURES EXCLUDING LICENSES: USD 377 MILLION, ADJUSTED FOR IFRS 16 USD 324 MILLION.Q3 REPORTED EBITDA: EBITDA USD 987 MILLION +16.5% YOY, ADJUSTED FOR IFRS16 +1.3%.Q3 CASH FLOW IMPACTED BY PAYMENT OF $82.3 MILLION RELATED TO GTH TAX. PARTIAL PAYMENT AS SECURITY OF $225 MILLION FOR LICENSE RENEWAL IN PAKISTAN, $296 MILLION INTERIM DIVIDEND PAYMENT.EXPECTS FOR FY LOW SINGLE-DIGIT ORGANIC GROWTH FOR REVENUE, MID-SINGLE-DIGIT ORGANIC GROWTH FOR EBITDA.EXPECTS FOR FY EQUITY FREE CASH FLOW (EXCLUDING LICENCES) OF APPROXIMATELY USD 1 BILLION. 

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