VEON Latest Report

Performance in the Current Financial Report

In 2024, VEON's total operating revenue reached RMB998,000,000, up 4.72% from RMB953,000,000 in 2023. This growth reflects the company's competitiveness and business expansion in the market, demonstrating its stability and development potential in the telecommunications industry.

Key Data in the Financial Report

1. VEON's total operating revenue increased to RMB998,000,000 in 2024, up RMB45,000,000 from 2023.

2. The growth rate of revenue was 4.72%, indicating that the company can still maintain sales growth in the current economic environment.

3. The company's user growth in digital services was significant, with a 27.2% YoY increase in monthly active users to 121.6 million.

4. Although the number of mobile users decreased by 2.7%, the base of 4G users still grew by 5.3%, showing some stability in the market.

5. VEON's EBITDA in the first quarter of 2024 grew 14.1% YoY to US$408 million, reflecting its strong profitability.

Peer Comparison

1. Industry-wide analysis: The overall revenue growth of the telecommunications industry is affected by market competition, technological advancements, and changes in customer demand. In 2024, the revenue from domestic telecommunications business is expected to reach RMB1315.2 billion, up 2.6% YoY. Emerging businesses such as cloud computing and big data have significant revenue growth, supporting the industry's recovery.

2. Peer evaluation analysis: VEON's 4.72% revenue growth rate is at a mid-level in the industry, showing its relative stability in competition. However, compared to some rapidly growing competitors, VEON's growth still has room for improvement.

Summary

VEON achieved stable revenue growth in 2024, benefiting from strong performance in digital services and increased market demand. However, the slight decline in market share suggests that the company needs to continue to innovate and optimize its products and services in the face of competition.

Opportunities

1. By further enhancing digital services, VEON can attract more users, especially in emerging markets.

2. Introducing generative AI technology to enhance user experience and engagement will help increase customer loyalty.

3. The launch of a diversified digital product portfolio may bring new revenue growth points, such as in the health and entertainment sectors.

4. Collaborating with local enterprises can strengthen market penetration and optimize the localization of products and services.

Risks

1. The decline in mobile user numbers may affect overall market share, requiring careful management of market competition.

2. Lags in technological updates in the rapidly changing telecommunications industry may put the company at a disadvantage in competition.

3. Fluctuations in market demand may affect the company's revenue and profitability, requiring strengthened market analysis and forecasting.

4. Over-reliance on the growth of digital services may expose the company to the risk of a single business model.