VEON Past Earnings Performance
Past criteria checks 2/6
VEON has been growing earnings at an average annual rate of 24.4%, while the Wireless Telecom industry saw earnings growing at 12.5% annually. Revenues have been declining at an average rate of 5.4% per year. VEON's return on equity is 23.7%, and it has net margins of 2.4%.
Key information
24.4%
Earnings growth rate
24.1%
EPS growth rate
| Wireless Telecom Industry Growth | 13.0% |
| Revenue growth rate | -5.4% |
| Return on equity | 23.7% |
| Net Margin | 2.4% |
| Next Earnings Update | 16 Mar 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How VEON makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 22 | 7,888 | 186 | 2,589 | 0 |
| 31 Mar 22 | 7,781 | 203 | 2,548 | 0 |
| 31 Dec 21 | 7,788 | 523 | 2,498 | 0 |
| 30 Sep 21 | 8,254 | 353 | 2,633 | 0 |
| 30 Jun 21 | 7,379 | -447 | 2,356 | 0 |
| 31 Mar 21 | 7,024 | -418 | 2,266 | 0 |
| 31 Dec 20 | 7,291 | -428 | 2,377 | 0 |
| 30 Sep 20 | 7,679 | -393 | 2,408 | 0 |
| 30 Jun 20 | 8,083 | 285 | 2,569 | 0 |
| 31 Mar 20 | 8,798 | 234 | 2,795 | 0 |
| 31 Dec 19 | 8,051 | 520 | 2,583 | 0 |
| 30 Sep 19 | 8,857 | 580 | 2,978 | 0 |
| 30 Jun 19 | 8,951 | 122 | 3,178 | 0 |
| 31 Mar 19 | 8,960 | 80 | 3,299 | 0 |
| 31 Dec 18 | 9,086 | -397 | 3,480 | 0 |
| 30 Sep 18 | 9,157 | -560 | 3,508 | 0 |
| 30 Jun 18 | 9,296 | 40 | 3,438 | 0 |
| 31 Mar 18 | 9,443 | -92 | 3,507 | 0 |
| 31 Dec 17 | 9,474 | -115 | 3,529 | 0 |
| 30 Sep 17 | 9,508 | -280 | 3,524 | 0 |
| 30 Jun 17 | 9,413 | -432 | 3,589 | 0 |
| 31 Mar 17 | 9,149 | -377 | 3,525 | 0 |
| 31 Dec 16 | 8,885 | -439 | 3,424 | 0 |
| 30 Sep 16 | 8,813 | -227 | 2,286 | 0 |
| 30 Jun 16 | 8,894 | -1,133 | 3,195 | 0 |
| 31 Mar 16 | 9,311 | -848 | 3,245 | 0 |
Quality Earnings: 35V1 has a large one-off loss of $399.0M impacting its last 12 months of financial results to 30th June, 2022.
Growing Profit Margin: 35V1 became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 35V1 has become profitable over the past 5 years, growing earnings by 24.4% per year.
Accelerating Growth: 35V1 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 35V1 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Wireless Telecom industry (-51.4%).
Return on Equity
High ROE: Whilst 35V1's Return on Equity (23.67%) is high, this metric is skewed due to their high level of debt.