How is Russia Ukraine Conflict Affecting Veon
VEON stock is trading at $0.58 as of 12:59 PM on Monday, Feb 28, a loss of -$0.22, or -27.75% from the previous closing price of $0.80. The stock has traded between $0.56 and $0.64 so far today. Volume today is high. So far 26,072,234 shares have traded compared to the average volume of 9,655,857 shares. However, Veon said it has “alternative routes to move cash” after its boss warned that providing full-year guidance would be “irresponsible” in light of Russia’s invasion of the Eastern European country. On the other hand, VEON has announced the results for the fourth quarter and full-year ended 31 December 2021. The company reports FY 2021 results with full-year revenue of USD 7,788 million +10.1% YoY in local currency (+6.8% YoY reported currency) and EBITDA of USD 3,332 million +8.9% YoY in local currency (+5.7% YoY reported currency). Full-year CAPEX of USD 1,826 million was in line with 2020, with lower Capex intensity (23.4%) as revenues expanded. Group Net Debt/EBITDA was 2.44x.
