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VimpelCom (VIP)

  • Wed, May 13, 11:36 AM
    • VimpelCom (NASDAQ:VIP) is up 7% now following news of progress on its Italy-unit merger and earnings that grew despite revenues that slipped 30%, pummeled by currency exchange.
    • EBITDA was down 30% Y/Y as well (to $1.396B, vs. expected $1.43B), but on an organic basis, revenues were down 2% and EBITDA down 6%, in line with management's expectations. EBITDA margin fell to 39.7% from a year-ago 41.6%.
    • Organic revenues were flat or down in the company's biggest geographies: Russia, $1.04B (flat on organic basis); Italy, $1.11B (down 5%); Algeria, $320M (down 11%).
    • Mobile customers increased 2% to 218M. Customer base in Algeria gained 6% to 18.7M and Bangladesh 8% to 31.8M. Italy customers slipped 3% to 21.4M, while Russia gained 1% to 55.7M.
    • The company stuck to current guidance for 2015: organic service revenue flat to a single-digit decline, EPS of $0.35-$0.40 (vs. consensus $0.40) and net debt/EBITDA of about 3.2x (1.7x, excluding Italy unit). It plans to update shareholders on strategy in August.
    • Press Release
    • Previously: VimpelCom, Hutchison Italy merger talk focuses on even split (May. 13 2015)
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  • Wed, May 13, 2:19 AM
    • VimpelCom (NASDAQ:VIP): Q1 EPS of $0.11
    • Revenue of $3.52B (-29.9% Y/Y)
    • Press Release
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  • Wed, Feb. 25, 8:26 AM
    • VimpelCom's (NASDAQ:VIP) Q4 revenue came in slightly to the upside of expectations at $4.39B, but the firm was hit by currency headwinds in posting a net loss of $0.53/share and a net loss of $691M for the year.
    • EBITDA off $1.6B was about 7% off of expectations and down organically 8%.
    • "We expect the operating environment to remain difficult in 2015, however I am confident that we have the right strategy to deliver on our targets," says CEO Jo Lunder.
    • Facing the effects on the ruble and Ukraine's hryvnia, the firm will switch to negotiating vendor contracts in dollars.
    • For 2015, the company expects service revenue to be anywhere from flat to a low-single-digit organic decline, and EBITDA flat to -1%. EPS is expected to come in at $0.35-$0.40.
    • VimpelCom had announced an agreement with MTS (NYSE:MBT) to jointly plan, develop and operate 4G/LTE networks in Russia over the next few years.
    • Press release
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  • Wed, Feb. 25, 5:31 AM
    • VimpelCom (NASDAQ:VIP): Q4 EPS of -$0.53
    • Revenue of $4.39B (-20.9% Y/Y)
    • Press Release
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  • Nov. 12, 2014, 9:48 AM
    • VimpelCom (NASDAQ:VIP): Q3 EPS of $0.06
    • Revenue of $5.15B (-9.3% Y/Y)
    • Press Release
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  • Aug. 6, 2014, 9:11 AM
    • VimpelCom (NASDAQ:VIP): Q2 EPS of $0.06.
    • Revenue of $5.1B (-10.8% Y/Y).
    • Press Release
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  • Mar. 6, 2014, 6:30 AM
    • VimpelCom (VIP): Q4 EPS of -$1.52.
    • Revenue of $5.55B (-7% Y/Y) misses by $0.16B.
    • Press Release
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  • Mar. 6, 2014, 4:37 AM
    • VimpelCom (VIP) swung to a Q4 net loss of $2.7B from a profit of $195M a year earlier and badly missed consensus for a profit of $437M.
    • Earnings were hurt by the Russian mobile carrier taking $2.9B in non-cash impairments, including just over $2B for its Ukraine operations.
    • Revenue -7% to $5.6B vs analyst expectations of $5.7B.
    • EBITDA -3% to to $2.4B, as expected. (PR)
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  • Nov. 6, 2013, 2:42 AM
    • Vimpelcom's (VIP) Q3 net profit slumped 53% to $255M and badly missed consensus of $504M, with earnings hurt by a tax expense, and regulatory and competitive pressures.
    • Revenue fell 1% to $5.7B.
    • EBITDA -2% to $2.5B, below consensus of $2.52B.
    • Total mobile subscriber base +5% on year to 219M.
    • The Russian carrier declared an interim dividend of $0.45 a share. (PR)
  • Aug. 7, 2013, 7:26 AM
    • VimpelCom (VIP): Q2 EPS of $0.33 beats by $0.06.
    • Revenue of $5.72B misses by $0.04B. (PR)
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  • May 15, 2013, 6:06 AM
    VimpelCom (VIP): Q1 EPS of $0.25. Revenue of $5.59B misses by $0.1B. (PR)
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  • Mar. 6, 2013, 3:20 AM
    Vimpelcom (VIP): Q4 net profit $801M vs loss of $381M a year earlier and consensus of $477.5M. EBITDA +9.9% to $2.45B vs expectations of $2.47B. EBITDA margin 41.1% vs 37.8%. Revenue +1% to $5.95B vs forecasts of $5.88B. Subscriber base +5% to 214M. Expects capex to grow 22% in 2013. Will announce dividends in Q2. (PR)
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  • Jan. 16, 2013, 12:58 PM
    VimpelCom (VIP +4.4%) treks higher after outlining its 2013-2015 objectives ahead of its Analyst & Investor Day. The Russian mobile carrier says it's shooting mid-single-digit revenue and EBITDA CAGRs, and wants to have a net debt/EBITDA ratio below 2x by the end of 2015. It also wants its capex/revenue ratio (exc. spectrum license payments) to be under 15% by the end of this period, and for $2B/year in operating cash flow improvement to be achieved. (webcast and slides)
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  • Nov. 14, 2012, 5:21 AM
    Vimpelcom (VIP): Q3 net profit nearly triples to $538M vs consensus of $521M. EBITDA -2% to $2.53B for 44% profit margin vs forecasts of $2.51B and 43.7%. Consolidated revenue -6% to $5.75B, in line with forecasts, hurt by weakness in almost all its operating currencies against the dollar. Organic revenue growth, which excludes forex fluctuations, +3%; mobile subscribers +7% to 212M. (PR)
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  • Sep. 7, 2011, 1:51 PM
    Russian mobile carrier VimpelCom (VIP) is down 3.6% after reporting Q2 EPS of $0.19. Earnings were hurt by higher interest and depreciation costs relation to its acquisition of international carrier Wind Telecom. Revenues grew 9% Y/Y to $6B, and mobile subscribers 11% to 192.7M, after accounting for the acquisition.
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  • Jun. 1, 2011, 6:05 AM
    Vimpel-Communications (VIP): Q1 EPS of $0.46 beats by $0.13. Revenue of $2.74B (+22.9% Y/Y) misses by $0.02B. (PR)
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Company Description
VimpelCom Ltd provides voice, data and other telecommunication services through an array of wireless, fixed and broadband internet services, as well as selling equipment and accessories.
Sector: Technology
Country: Russia