VNU, the European publisher and information provider, has said that 2002 earnings per share will probably rise about 5%, an increase on the initial estimate of 3%.
The upgrade reflects growing demand at AC Nielsen, its market information subsidiary as well as the weak dollar and comes on the back of encouraging first half results (see
VNU Posts Strong First Half Results).
Following the announcement, ABN Amro has raised its earnings forecasts for VNU by 2% for 2002 and 1% for 2003.
