Satelytics: Kyivstar parent VEON expects lower 2024 revenue growth

-VEON, the owner of Kyivstar, Ukraine's largest mobile network, on Thursday said it expected lower revenue growth in 2024, but still forecasts double-digit growth.... The Amsterdam-listed company expects its revenue to grow 16%-18% in 2024, with local currency normalised, against 18%-20% last year. VEON is the largest mobile services provider in four of its six markets, including Ukraine, and has been targeted by mass cyberattacks in December, costing it almost a $100 million in sales. "As a result of its digital operator strategy, and expected slowdown in inflation, the company has guided to another year of double-digit growth," the company said in a statement. VEON reported 2023 revenue of 3.70 billion dollars, a 17.9% rise year-on-year, with local currency normalised. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 20% to $1.61 billion, in line with 2023 guidance at 18%-20%, with local currency normalised, and unchanged 2024 guidance. (Reporting by Nathan Vifflin in Gdansk; Editing by Sonia Cheema) By Nathan Vifflin