VEON/€VEON
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Capital at risk
About VEON
VEON Ltd is a global telecommunications and digital services provider, operating primarily in emerging markets. Founded in 1992 and based in Amsterdam, the Netherlands, the company offers an array of services including mobile and fixed-line voice and data telecommunications services, broadband internet, and digital services to both consumers and businesses. As a digital operator, VEON serves nearly 160 million customers across multiple countries including Russia, Pakistan, Algeria, Ukraine, Kazakhstan, Uzbekistan, and more.
- Ticker
- €VEON
- Sector
- Communication
- Primary listing
- AEX
- Employees
- 18,938
- Headquarters
- Dubai, United Arab Emirates
- Website
- www.veon.com
VEON Metrics
BasicAdvanced
€4.1B
1.55
€0.74
1.61
-
Price and volume
Market cap
€4.1B
Beta
1.61
Financial strength
Current ratio
0.968
Quick ratio
0.803
Long term debt to equity
2.299
Total debt to equity
3.047
Interest coverage (TTM)
2.11%
Profitability
EBITDA (TTM)
1,602.148
Gross margin (TTM)
87.07%
Net profit margin (TTM)
1.24%
Operating margin (TTM)
26.89%
Effective tax rate (TTM)
64.04%
Revenue per employee (TTM)
€216,560
Management effectiveness
Return on assets (TTM)
8.54%
Return on equity (TTM)
7.49%
Valuation
Price to earnings (TTM)
1.549
Price to revenue (TTM)
0.019
Price to book
3.13
Price to tangible book (TTM)
-12.76
Price to free cash flow (TTM)
0.142
Free cash flow yield (TTM)
702.54%
Free cash flow per share (TTM)
8.009
Growth
Revenue change (TTM)
14.71%
Earnings per share change (TTM)
-93.71%
3-year revenue growth (CAGR)
9.44%
10-year revenue growth (CAGR)
-6.06%
3-year earnings per share growth (CAGR)
-45.93%
10-year earnings per share growth (CAGR)
-20.99%
Bulls say / Bears say
On July 31, 2026, VEON raised its full-year 2026 revenue growth forecast to 15%–18% and its EBITDA growth outlook to 9%–12%, up from prior guidance of 11%–14% and 7%–10%, reflecting confidence from a strong first-half performance. (Reuters)
VEON’s digital revenue climbed 53.6% year-on-year to $342 million in Q2 2026, lifting digital services to 26.9% of total revenue and underscoring successful diversification beyond core telecom operations. (SEC)
The group generated $320 million of equity free cash flow in 1H 2026 (up 47.5% YoY) and committed to at least $100 million of annual share repurchases to bolster shareholder returns and demonstrate balance sheet strength. (SEC)
A weaker U.S. dollar boosted VEON’s Q1 2026 revenue by 17%, but a reversal in currency trends could pressure reported growth if the dollar strengthens. (Reuters)
VEON cautioned in its Q2 2026 filings that the ongoing war in Ukraine and potential new sanctions pose significant legal and regulatory risks in its key markets. (SEC)
VEON’s BB- credit rating, constrained by sovereign rating ceilings in its operating countries, may limit access to lower-cost funding and elevate borrowing costs amid tighter global credit conditions. (S&P Global)
Data summarised monthly by Lightyear AI. Last updated on 23 Aug 2026.
VEON Financial Performance
Revenues and expenses
VEON Earnings Performance
Company profitability
Upcoming events
No upcoming events
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.