Publicatie datum : 10 augustus 2005

VNU

Strong Organic Revenue and EBITDA Growth in 2005 First Half

Organic revenues rise 6%, with all groups contributing

Organic EBITDA up 11%

Outlook for full year 2005:
- Organic revenue growth of approximately 6%
- Organic EBITDA growth at approximately the same level as first half 2005
- EPS expected to be in the range of EUR 0.85 - EUR 0.90

Proposed VNU-IMS merger on track

Amounts x EUR 1 million	first half 2005	first half 2004	change %
			reported	at constant currencies***
Revenues	1,648	1,623	2%	6%**
EBITDA	296	280	6%	11%**
Operating profit (EBIT)	176	161	9%	15%**
Profit for the period	105	114	-/- 8%	-/- 3%*
Earnings per share (x EUR 1)	0.41	0.45	-/- 9%	-/- 2%*
EBITDA as a percentage of revenues	17.9%	17.3%	60 basis points

*	Excludes World Directories in 2005
**	Excluding acquisitions / divestitures (World Directories and others)
***	2005 actuals recalculated against 2004 currency exchange rates

International Financial Reporting Standards (IFRS)
As of January 1, 2005, VNU adopted International Financial Reporting Standards (IFRS), in accordance with European Union regulations. All comparatives have been restated on the same basis, except for IAS 32/39. Further information on the impact of IFRS can be found in our press release dated August 9, 2005 and on this website at www.vnu.com/investors.

VNU, a leading global information and media company, today reported strong first-half results, with all groups delivering solid performances, particularly VNU Media Measurement &

link: Website VNU

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