VEON Reaffirms FY25 Forecast: Underlying Revenue Up 12%–14%, EBITDA 13%–15% In Local Currency, Capex Intensity 17%–19%

VEON maintains its full year FY25 outlook and expects underlying local currency growth for total revenue of between 12% and 14% year-on-year and underlying local currency EBITDA growth of between 13-15% year-on-year. VEON's affirms its expectation that the Group's capex intensity for 2025 will be in the range of 17%-19%.