Place de cotation: EURONEXT
AMSTERDAM
Indice: AEX
- DJ Stoxx MEDIA
VNU is a global leader
in market research, providing measurement and analysis of marketplace dynamics,
consumer behavior as well as audience measurement.
Today VNU provides millions
of people around the world with business and professional intelligence.
We hold a leading market position and recognized brands in Marketing Information
(ACNielsen market data), Media Measurement & Information (such as Nielsen
TV ratings and advertising expenditure measurement), Business Information
(trade magazines and shows) and Directories ('yellow' pages and telephone
books).
VNU employs some 38,000
people worldwide, and is active in more than 100 countries. |
VNU
REPORTS THIRD-QUARTER RESULTS
HAARLEM,
the Netherlands, and NEW YORK – VNU Group B.V., a leading global information
and media company, today announced its financial results for the three
months and the nine months ended September 30, 2006.
Pro
forma operating revenue for the third quarter was EUR 904 million, an increase
of 6% in constant currency over the prior year. The 2006 amount excludes
a EUR 7 million decrease in revenue due to the preliminary purchase price
allocation (the “deferred revenue adjustment”) related to the sale of the
company to a group of private-equity investors in May. Reported operating
revenue, including the deferred revenue adjustment and a negative 3% impact
from foreign-currency translation, was EUR 897 million, up 2%.
For
the first nine months* of 2006, pro forma operating revenue was EUR 2,737
million, up 5.5% in constant currency from operating revenue of EUR 2,523
million in 2005. The 2006 amount excludes a negative impact of EUR
58 million from the deferred revenue adjustment. Including this adjustment
and the positive impact of foreign currency exchange, operating revenue
was EUR 2,679 million, up 6%.
Reported
third-quarter operating income was EUR 72 million, down 29% from EUR 99
million last year, while year-to-date* operating income was EUR 113 million,
compared with operating income of EUR 258 million in 2005. Both the
third-quarter and year-to-date* results were negatively impacted by a number
of acquisition-related items. See the company’s financial report,
available at www.vnu.com, for more details.
Finances
At
September 30, 2006, total debt was EUR 6 billion and cash balances were
EUR 353 million. Capital expenditures were EUR 124 million for the
first nine months of 2006, compared with EUR 127 million last year.
During
the third quarter, VNU borrowed approximately EUR 5,271 million (based
on actual borrowings of approximately USD 5,426 million and EUR 1,155 million)
to fund partially the acquisition of the company by Valcon Acquisition
B.V., representing six private- equity investors; to repay a bridge facility
connected with the purchase, and to repurchase or redeem several tranches
of VNU’s previous debt.
*
Results for the nine months ended September 30, 2006 represent the sum
of the amounts for the Predecessor period from January 1, 2006 through
May 23, 2006 (the period prior to the sale of VNU to a consortium of private-equity
investors), and for the Successor period from May 24, 2006 through September
30, 2006 (the period following the sale of VNU). This combination
does not comply with U.S. GAAP or with the rules for pro forma presentation,
but is presented in this manner because the company believes it enables
a meaningful comparison of its results.
VNU
Announces Second-Quarter 2006 Results* (Sep 29)
Haarlem,
the Netherlands, September 30 – VNU Group B.V., a leading global information
and media company, today announced its results for the second quarter of
2006. Pro forma operating revenue was EUR 943 million for the three
months ended June 30, 2006, an increase of 6% in constant currency over
the prior year. The 2006 amount excludes a EUR 71 million reduction
in revenue due to the preliminary purchase price allocation (the “deferred
revenue adjustment”) related to the sale of the company to a group of private-equity
investors on May 24, 2006. Operating revenue, including the deferred
revenue adjustment, was EUR 872 million, up 2% including a favorable impact
from foreign-currency translation.
VNU
said its pro forma operating income for the second quarter was EUR 114
million, up 11% in constant currency, before items related to the sale
of the company and excluding book gains in 2005. Including these
items, VNU had a second-quarter operating loss of EUR 6 million, compared
with operating income of EUR 101 million last year. The 2006 result
includes EUR 34 million of transaction costs related to the sale of the
company and a negative impact of EUR 71 million from the deferred revenue
adjustment, among other smaller items. Operating income in 2005 benefited
from a EUR 5 million gain from the disposition of an equity investment.
VNU
RELEASES US GAAP FINANCIAL STATEMENTS FOR 2003-2005 AND FIRST QUARTER 2006
Haarlem,
the Netherlands, June 29, 2006 – VNU, a leading global
information and media company, today released its US GAAP Financial Statements
for 2003-2005 and for the first quarter of 2006.
Condensed
Consolidated Financial Statements (pdf)
VNU
nv - As of March 31, 2006 (Unaudited) and December 31, 2005,
and for the three months ended March 31, 2006 and 2005 (Unaudited)
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