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
€4.7B
0.23
€4.91
1.62
-
Price and volume
Market cap
€4.7B
Beta
1.62
Financial strength
Current ratio
0.952
Quick ratio
0.775
Long term debt to equity
2.131
Total debt to equity
2.738
Interest coverage (TTM)
2.06%
Profitability
EBITDA (TTM)
1,716.351
Gross margin (TTM)
86.36%
Net profit margin (TTM)
7.62%
Operating margin (TTM)
26.35%
Effective tax rate (TTM)
35.48%
Revenue per employee (TTM)
€234,680
Management effectiveness
Return on assets (TTM)
8.54%
Return on equity (TTM)
25.97%
Valuation
Price to earnings (TTM)
0.232
Price to revenue (TTM)
0.018
Price to book
3.15
Price to tangible book (TTM)
-21.04
Price to free cash flow (TTM)
0.117
Free cash flow yield (TTM)
853.90%
Free cash flow per share (TTM)
9.734
Growth
Revenue change (TTM)
17.13%
Earnings per share change (TTM)
-37.47%
3-year revenue growth (CAGR)
10.35%
10-year revenue growth (CAGR)
-5.61%
3-year earnings per share growth (CAGR)
-38.04%
10-year earnings per share growth (CAGR)
-7.45%
Bulls say / Bears say
VEON delivered 17.2% revenue growth and 10.1% EBITDA growth in the third quarter, then raised the midpoint of its 2026 revenue and EBITDA growth outlook. That points to continuing momentum across its operating businesses. (VEON)
Digital revenue grew 45.9% and reached 27.2% of group revenue, while digital EBITDA rose 54.5% at a 36% margin. The fast-growing digital operation is becoming a meaningful, profitable complement to telecom. (VEON)
The new buyback programme targets repurchases equal to 3.9% of outstanding shares, and VEON had already cancelled shares equal to 1.5% of issued shares. Net leverage was 1.05 times, giving the company room to return capital while keeping debt moderate. (VEON)
Group EBITDA grew more slowly than revenue in the third quarter, and its EBITDA margin fell to 44.1% from 47.0% a year earlier. This suggests that cost pressures and business mix are absorbing some of the top-line growth. (VEON)
Reported third-quarter free cash flow fell 33.8% year on year to $201 million, although it grew 91.8% excluding asset-sale proceeds. The sharp gap makes headline cash generation less predictable for investors assessing investment capacity and capital returns. (VEON)
VEON operates in markets exposed to currency swings and political and regulatory uncertainty, including the ongoing war in Ukraine. Its filings warn that sanctions, restrictions on moving cash from subsidiaries and currency weakness could hurt operations, liquidity or debt repayment. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 12 Nov 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.