Nielsen Expositions Dips in Q1
Nielsen’s business segments went in different directions in the first quarter of 2013.
Parent company Nielsen Holdings N.V. saw revenues increase 3 percent year-over-year, but results differed when broken down by division.
Nielsen’s Buy and Watch divisions—centering on consumer habits—increased earnings 3 and 4 percent, respectively, while Nielsen Expositions declined 7 percent, drawing $57 million in the quarter. Buy ($825 million) and Watch ($494 million) had significantly higher earnings by comparison.
Expo reported in March that Nielsen has hired an investment bank to explore a possible sale of its expositions unit.
Brian West, CFO of Nielsen, attributed the poor quarter to an unfavorable show rotation.
“It’s all due to tradeshow timing between quarters,” he said in a conference call following the earnings report. “You’ll see this flip around in Q2 when we expect to see the expo segment grow double-digits.”
David Calhoun, Nielsen CEO, adds in a statement: “Nielsen delivered solid revenue growth and strong operating performance in the first quarter. Our results reflect our continued ability to create value for our clients and we remain well-positioned to achieve our 2013 expectations.”