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VNU Forecasts Earnings Drop for 2001

News, 08 October 2001


Netherlands-headquartered business information and market research giant VNU has warned its earnings per share will fall by up to 5% this year compared with 2000.

Its Business Information Group has reportedly been hit hard by the worsening economic situation following the attacks on the US last month, while its European trade magazines arm has continued to suffer a fall in ad volumes. Extra cost-cutting measures are being introduced.

News source: Daily Research News Online