Seeking Alpha
 

VimpelCom (VIP)

- NASDAQ
  • 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)
    | Comment!
  • Wed, May 13, 2:19 AM
    • VimpelCom (NASDAQ:VIP): Q1 EPS of $0.11
    • Revenue of $3.52B (-29.9% Y/Y)
    • Press Release
    | Comment!
  • 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
    | Comment!
  • Wed, Feb. 25, 5:31 AM
    • VimpelCom (NASDAQ:VIP): Q4 EPS of -$0.53
    • Revenue of $4.39B (-20.9% Y/Y)
    • Press Release
    | Comment!
  • Nov. 12, 2014, 9:48 AM
    • VimpelCom (NASDAQ:VIP): Q3 EPS of $0.06
    • Revenue of $5.15B (-9.3% Y/Y)
    • Press Release
    | Comment!
  • Aug. 6, 2014, 9:11 AM
    • VimpelCom (NASDAQ:VIP): Q2 EPS of $0.06.
    • Revenue of $5.1B (-10.8% Y/Y).
    • Press Release
    | Comment!
  • 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
    | Comment!
  • 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)
    | Comment!
  • 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)
    | 3 Comments
  • 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)
    | Comment!
  • May 15, 2013, 6:06 AM
    VimpelCom (VIP): Q1 EPS of $0.25. Revenue of $5.59B misses by $0.1B. (PR)
    | Comment!
  • 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)
    | Comment!
  • 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)
    | Comment!
  • 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)
    | Comment!
  • 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.
    | Comment!
  • 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)
    | Comment!
Visit Seeking Alpha's
VIP vs. ETF Alternatives
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