Nielsen Holdings N.V. (NYSE: NLSN), a leading global provider of information and insights into what consumers buy and watch, today announced an update to its full year 2012 revenue guidance.
"Changes in operating conditions for our Buy business outside the U.S. dictate that we reconsider the upper end of our previous guidance range," said David Calhoun, Chief Executive Officer of Nielsen. "We remain confident in our developing markets business, and expect continued growth in revenue and profitability for both Buy and Watch even as we invest in future opportunities."
The company now expects constant currency revenue growth of 5-6 percent for the full year 2012.Other aspects of Nielsen's full year 2012 guidance remain unchanged, including the company's expectation of earnings per share for full year 2012 between $1.76 and $1.82 and Adjusted EBITDA margin expansion between 30 and 50 basis points on a constant currency basis. See the discussion of Adjusted EBITDA and other non-GAAP financial measures at the end of this release. Brian West, Chief Financial Officer of Nielsen, will be presenting at the William Blair Growth Stock Conference today at 11:40 am Eastern Time in Chicago, Illinois. The presentation will be webcast and can be accessed on ir.nielsen.com under News and Events. An updated slide presentation that management may discuss with investors has been posted on ir.nielsen.com under Presentations. The slide presentation includes the company’s perception of the impact of foreign currency on revenue for the remainder of 2012. Safe Harbor for Forward-looking Statements This news release includes information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as ‘will’, ‘expect’, ‘should’, ‘could’, ‘shall’ and similar expressions. These statements are subject to risks and uncertainties, and actual results and events could differ materially from what presently is expected. Factors leading thereto may include without limitations general economic conditions, conditions in the markets Nielsen is engaged in, behavior of customers, suppliers and competitors, technological developments, as well as legal and regulatory rules affecting Nielsen’s business and specific risk factors discussed in other releases and public filings made by the Company (including the Company’s filings with the Securities and Exchange Commission). This list of factors is not intended to be exhaustive. Such forward-looking statements only speak as of the date of this press release, and we assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events, or other factors.