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General

Veon lowers FY profit forecast on strong devaluation of Uzbek currency

Friday 15 September 2017 | 16:05 CET | News
Veon expects annualised decreases in revenues of USD 300-350 million and in underlying EBITDA of USD 175-225 million. Based on 2016 total annual revenues of USD 9 billion and underlying EBITDA of USD 3.6 billion, the impact represents 3.5 percent of revenues and 5.5 percent of underlying EBITDA. The group's net debt/underlying EBITDA ratio is expected to immediately increase by 0.1x and net assets are expected to decrease by USD 485 million. 

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Categories: General
Companies: Unitel / Veon
Countries: Uzbekistan / World
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