Profits Prediction Raised at VNU

19 December 2002

Dutch-headquartered media and information giant VNU is on course for higher profits and lower debt than previously expected.

The company announced that earnings per share will rise between 3% and 5% for 2002, while debt will shrink from €4.2 billion ($4.3bn; £2.7bn) in 2001 to between €3.7bn and €3.8bn.

Its marketing information division is set for organic sales growth of 5% over the whole year, boosted by a 7% second-half gain at AC Nielsen. However, operating income at its business information arm is expected to be down slightly on last year.

Data sourced from: Financial Times; additional content by WARC staff