Member Article

Experian post 7% organic revenue growth

Information services business Experian reported total growth of 5% organic revenue growth of 7% across its international bases.

In the UK and Ireland, the group reported total revenue growth of 10% year-on-year in the three months up to 31st December.

The company, which was created in 1996 from former TRW Information Systems & Services and the CCN Group, said its UK financial services sector had stabilised and take up of new products was strong.

Weak market conditions in Europe, however, impacted credit services and European operations suffered organic revenue falls of 1%.

Don Robert, chief executive, said: “We are pleased with the progress made in the third quarter, with total and organic revenue growth of 7%, at constant exchange rates.

“We delivered widespread growth demonstrating the breadth of our portfolio and continued successful execution of our growth strategy, helping us to withstand ongoing pressures in the global economy.

“Looking ahead, for the full year we expect organic growth to be to high single-digit, with organic growth in the second half similar to our third quarter results.

“We also reiterate our full year expectations of modest margin improvement (at constant currency) and to convert at least 90% of EBIT into operating cash.”

This was posted in Bdaily's Members' News section by Miranda Dobson .