VEON Ltd (VEON) CEO Kaan Terzioglu on Q2 2020 Results - Earnings Call Transcript

Aug. 09, 2020 3:35 AM ETVEON Ltd. (VEON) StockVEON
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Q2: 2020-08-06 Earnings Summary

EPS of $2.29 beats by $2.11
 | Revenue of $1.89B (-16.32% Y/Y) misses by $26.57M

VEON Ltd (NASDAQ:VEON) Q2 2020 Earnings Conference Call August 6, 2020 8:00 AM ET

Company Participants

Nik Kershaw - Group Director IR
Serkan Okandan - Group CFO
Kaan Terzioglu - Co-CEO
Sergi Herrero - Co-CEO

Conference Call Participants

Vyacheslav Degtyarev - Goldman Sachs Group
Ivan Kim - Xtellus Capital Partners
Ondrej Cabejšek - UBS Investment Bank
Stella Cridge - Barclays Bank
Maria Sukhanova - BCS Financial Group

Operator

Good day, ladies and gentlemen, and welcome to the VEON Second Quarter 2020 Results Webcast and Conference. [Operator Instructions]. As a reminder, today's conference is being recorded. I would now like to hand the call over to Nik Kershaw, Head of Investor Relations. Please go ahead, sir.

Nik Kershaw

Hi. Good day, ladies and gentlemen. Welcome to VEON's second quarter results presentation. I'm Nik Kershaw, Group Head of Investor Relations. I'm pleased to be joined on the line today by Kaan and Sergi, our group co-CEOs, along with our group CFO, Serkan.

Today's presentation will begin with an overview of our second quarter results from Serkan, followed by an operational review from Kaan and Sergi, who will cover how the COVID pandemic has affected our business during the last quarter. We'll then hand it back to Serkan to discuss our outlook and our new financial guidance for full year 2020. And as ever, there will be -- to ensure that there'll be ample time for your questions, but we'll ask you to save this for the end of the presentation.

Just before getting started, I'd like to remind you that we may make forward-looking statements during today's presentation, which involves certain risks and uncertainties. These statements relate in part to the company's anticipated performance and guidance for 2020, particularly in light of the COVID pandemic, future market developments and trends, operational and network development and network investments and

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