New York, NY – Earnings for Nielsen Expositions in the First Quarter of 2013 were 7% lower than the previous year, but parent company Nielsen Holdings N.V. predicted a solid rebound in Q2.
The division was recently put up for sale but Nielsen Holdings had no news on any potential buyers during an April 25 conference with analysts.
Company executives said revenue from Nielsen Expositions in Q1 totaled $57 million compared to $61 million in the same period a year ago. “All of this was due to trade show timing,” said Nielsen CFO Brian West. “You will see this flip around in Q2. We expect to see the division grow in double digits in the Second Quarter.”
Adjusted EBITDA for the trade show unit was $32 million, down 11% from the previous First Quarter.
The performance of Nielsen Expositions during the First Quarter was in contrast to a 3% increase in revenues for Nielsen Holdings. The company’s overall revenues in Q1 increased to nearly $1.4 billion. The adjusted EBITDA grew 5% to $349 million.
Reach David Loechner, president and CEO of Nielsen Expositions, at (949) 226-5700 or david.loechner@nielsen.com
