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VEON discloses its unaudited interim condensed consolidated financial statements for the six-month period ended 30 June 2024 and publishes its interim report for the same period

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VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator providing converged connectivity and online services, has disclosed its unaudited interim condensed consolidated financial statements for the six-month period ended 30 June 2024. This disclosure follows the release of VEON's 2Q24 trading update on 8 August 2024. The company has also published its interim report for the same period, which includes updated risk factors disclosure. This update allows investors to better understand the current risks facing VEON and how the company manages them, as it has been over a year since the last risk factors disclosure in VEON's 2022 Annual Report. The financial statements and interim report are available on the VEON Group website.

VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), un operatore digitale globale che offre connettività integrata e servizi online, ha pubblicato i suoi rendiconti finanziari consolidati interinali non auditati per il semestre conclusosi il 30 giugno 2024. Questa comunicazione segue il rilascio dell'aggiornamento commerciale del 2Q24 di VEON dell'8 agosto 2024. L'azienda ha anche pubblicato il suo rapport interinale per lo stesso periodo, il quale include una divulgazione aggiornata dei fattori di rischio. Questo aggiornamento consente agli investitori di comprendere meglio i rischi attuali che affronta VEON e come l'azienda li gestisce, poiché è passato oltre un anno dall'ultima divulgazione dei fattori di rischio nel Rapporto Annuale 2022 di VEON. I rendiconti finanziari e il rapporto interinale sono disponibili sul sito web del Gruppo VEON.

VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), un operador digital global que proporciona conectividad convergente y servicios en línea, ha divulgado sus estados financieros consolidados interinos no auditados para el período de seis meses que terminó el 30 de junio de 2024. Esta divulgación sigue al lanzamiento de la actualización comercial del 2Q24 de VEON el 8 de agosto de 2024. La empresa también ha publicado su informe interino para el mismo período, que incluye la divulgación actualizada de los factores de riesgo. Esta actualización permite a los inversores comprender mejor los riesgos actuales que enfrenta VEON y cómo la empresa los gestiona, ya que ha pasado más de un año desde la última divulgación de factores de riesgo en el Informe Anual 2022 de VEON. Los estados financieros y el informe interino están disponibles en el sitio web del Grupo VEON.

VEON (NASDAQ: VEON, Euronext Amsterdam: VEON)는 글로벌 디지털 운영자로서 통합 연결성과 온라인 서비스를 제공하며, 2024년 6월 30일 종료된 6개월 동안의 감사되지 않은 중간 요약 재무 제표를 공개했습니다. 이 공개는 2024년 8월 8일 VEON의 2분기 거래 업데이트 발표에 이어 이루어졌습니다. 회사는 또한 동일 기간에 대한 중간 보고서를 발표했으며, 여기에는 업데이트된 위험 요소 공시가 포함되어 있습니다. 이 업데이트는 투자자들이 VEON이 직면한 현재 위험과 회사가 이를 어떻게 관리하는지보다 잘 이해할 수 있도록 도와줍니다. VEON의 2022년 연례 보고서 이후로 지난 1년 이상이 지났습니다. 재무 제표와 중간 보고서는 VEON 그룹 웹사이트에서 확인할 수 있습니다.

VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), un opérateur numérique global offrant une connectivité convergente et des services en ligne, a publié ses états financiers consolidés intérimaires non audités pour la période de six mois se terminant le 30 juin 2024. Cette divulgation suit la publication de la mise à jour commerciale du 2T24 par VEON le 8 août 2024. L'entreprise a également publié son rapport intérimaire pour la même période, qui inclut une divulgation mise à jour des facteurs de risque. Cette mise à jour permet aux investisseurs de mieux comprendre les risques actuels auxquels VEON est confronté et comment l'entreprise les gère, puisque cela fait plus d'un an depuis la dernière divulgation des facteurs de risque dans le Rapport Annuel 2022 de VEON. Les états financiers et le rapport intérimaire sont disponibles sur le site Web du Groupe VEON.

VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), ein globaler digitaler Anbieter, der konvergente Konnektivität und Online-Dienste bereitstellt, hat seine unauditierten vorläufigen konsolidierten Finanzberichte für den Zeitraum von sechs Monaten zum 30. Juni 2024 veröffentlicht. Diese Offenlegung folgt auf die Veröffentlichung des Handelsupdates von VEON für das 2. Quartal 2024 am 8. August 2024. Das Unternehmen hat auch seinen Zwischenbericht für denselben Zeitraum veröffentlicht, der eine aktualisierte Offenlegung der Risikofaktoren enthält. Dieses Update ermöglicht es den Investoren, die aktuellen Risiken, mit denen VEON konfrontiert ist, besser zu verstehen und wie das Unternehmen damit umgeht, da seit der letzten Offenlegung der Risikofaktoren im Jahresbericht 2022 von VEON über ein Jahr vergangen ist. Die Finanzberichte und der Zwischenbericht sind auf der Website der VEON-Gruppe verfügbar.

Positive
  • Timely disclosure of financial statements and interim report
  • Updated risk factors disclosure for improved investor understanding
Negative
  • None.

Insights

VEON's release of unaudited financial statements for H1 2024 is a crucial update for investors. While specific figures aren't provided, this disclosure is vital for transparency and compliance. The inclusion of updated risk factors is particularly noteworthy, as it helps investors gauge the company's current challenges and risk management strategies. This is especially important given the volatile global economic landscape and VEON's operations in emerging markets.

Investors should pay close attention to any changes in risk factors compared to the 2022 Annual Report, as these could signal shifts in VEON's business environment or strategy. The lack of detailed financial figures in this announcement suggests investors should thoroughly review the full report on VEON's website to make informed decisions. Key areas to focus on include revenue trends, EBITDA margins and any impact from currency fluctuations in VEON's operating markets.

This announcement, while not providing specific financial data, is significant for VEON's market positioning. As a global digital operator in converged connectivity and online services, VEON operates in a rapidly evolving sector. The company's performance in H1 2024 could indicate broader trends in telecom and digital services adoption in emerging markets.

Investors should consider how VEON's results compare to regional competitors and global industry trends. The updated risk factors are particularly valuable for understanding VEON's market challenges and opportunities. Look for insights on regulatory changes, market saturation levels and digital service adoption rates in VEON's key markets. This information can provide a broader perspective on the investment landscape in the telecom and digital services sectors in emerging economies.

Amsterdam, 30 August 2024 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, following the release of its 2Q24 trading update on 8 August 2024, today discloses its unaudited interim condensed consolidated financial statements for the six-month period ended 30 June 2024 for VEON Ltd. and its wholly-owned subsidiary, VEON Holdings B.V., and publishes its interim report for VEON Ltd. for the same period (the “Interim Report”).

As it has been over one year since the disclosure of VEON’s risk factors in VEON’s 2022 Annual Report filed on Form 20-F dated July 24, 2023, the Interim Report includes VEON Ltd’s current risk factors disclosure to allow investors to more readily understand the risks facing VEON at this time and how VEON manages those risks.

The Financial Statements are available on the VEON Group website at https://www.veon.com/investors/.

About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers.  Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth.  Headquartered in Amsterdam, VEON is listed on Nasdaq and Euronext. For more information visit: www.veon.com.

Notice to readers: financial information presented

VEON's results and other financial information presented in the Financial Statements are, unless otherwise stated, prepared in accordance with International Financial Reporting Standards ("IFRS") based on internal management reporting, are the responsibility of management, and have not been externally audited, reviewed, or verified. As such, you should not place undue reliance on this information. This information may not be indicative of the actual results for any future period.

Disclaimer

This release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, the risks facing VEON and how it manages its risks. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events. There can be no assurance that the initiatives referred to above will be successful. 


 


FAQ

What financial documents did VEON release on 30 August 2024?

VEON released its unaudited interim condensed consolidated financial statements for the six-month period ended 30 June 2024 and published its interim report for the same period.

Why did VEON include updated risk factors in its interim report?

VEON included updated risk factors because it has been over a year since the last risk factors disclosure in their 2022 Annual Report. This allows investors to better understand the current risks facing VEON and how the company manages them.

Where can investors find VEON's financial statements and interim report?

Investors can find VEON's financial statements and interim report on the VEON Group website at https://www.veon.com/investors/.

What stock exchanges is VEON listed on?

VEON is listed on NASDAQ (ticker: VEON) and Euronext Amsterdam (ticker: VEON).

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