Edition:
United States

Veon Q4 EBITDA Down At $753 Million


Thursday, 22 Feb 2018 03:02am EST 

Feb 22 (Reuters) - VEON LTD ::Q4 LOSS FOR THE PERIOD ATTRIBUTABLE TO VEON SHAREHOLDERS $ 0.33 BILLION VERSUS PROFIT $1.56 BILLION YEAR AGO .2018 OUTLOOK: FINANCIAL PERFORMANCE TO BE IMPACTED BY NUMBER OF STRATEGIC TRANSACTIONS .VEON REPORTS FULL YEAR 2017 RESULTS WITH ROBUST FREE CASH FLOW GENERATION OF OVER USD 1 BILLION AND ANNOUNCES US 17 CENTS FINAL DIVIDEND.Q4 REVENUE $2.32 BILLION.Q4 EBITDA $ 753 MILLION VERSUS $783 MILLION YEAR AGO.SUPERVISORY BOARD APPROVED FINAL DIVIDEND OF US 17 CENTS, TOTALLING 2017 DIVIDEND TO US 28 CENTS PER SHARE.STRONG UNDERLYING EQUITY FREE CASH FLOW3 OF USD 1.1 BILLION, SIGNIFICANTLY AHEAD OF GUIDANCE.Q4 2017 UNDERLYING EQUITY FREE CASH FLOW EXCLUDING LICENSES TOTALLED USD 101 MILLION.2018 OUTLOOK: FINANCIAL PERFORMANCE TO BE IMPACTED BY UZBEKISTAN'S CURRENCY LIBERALIZATION.2018 EXPECT FLAT-TO-LOW SINGLE DIGIT ORGANIC GROWTH FOR BOTH GROUP REVENUE AND EBITDA.2018 FORECAST STRENGTHENING OF EQUITY FREE CASH FLOW, WHICH WE EXPECT TO BE APPROX. USD 1 BILLION.