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Nielsen Reduces Loss, Grows Revenue 7%
The Nielsen Company has announced results for the year ended December 31, 2007. The research giant narrowed its loss from $368m in 2006 (pro forma) to $282m, and grew reported revenue to $4,707m, a rise of 13% from its pro forma figure for 2006, or 7% adjusting for currencies and deferred revenue.
Reported operating income for the full year 2007 was $416m, up from $227m pro forma for 2006. Results were negatively impacted by $174m (2007) and $218m (2006) for items including restructuring costs, compensation agreements, deal costs, and legal settlements - adjusting for these and on a constant crrency basis, pro forma operating income increased 27%.
Restructuring costs for 2007 totalled $137m, vs $75m the previous year. As of December 31, 2007, total debt was $8,250 million, and cash balances were $399 million.
The unaudited pro forma figures are comprised of the results for the Successor period from May 24, 2006 to December 31, 2006 following the Valcon acquisition; and the Predecessor period from January 1, 2006 to May 23, 2006 preceding the acquisition. Results are assessed as if the acquisition had occurred on January 1, 2006.
Nielsen is privately held, with headquarters in Haarlem, the Netherlands, and New York, USA, and is online at www.nielsen.com .
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