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Experian sees growth as Latin America performs well

Published: 08:28 13 Jul 2012 BST

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Global information services firm Experian (LON:EXPN) has boosted revenues by 14 per cent thanks largely to a strong performance in Latin America.

The FTSE 100 firm said organic growth in the three months to 30 June was 9 per cent year-on-year, with 18 per cent organic growth seen in Latin America.

Elsewhere, North America saw organic growth of 8 per cent, while organic growth in the UK & Ireland and EMEA/Asia Pacific was slower at 4 per cent.

In UK & Ireland, the company said there was “good progress” in the telecoms, utilities and automotive divisions, while organic revenue at Decision Analytics declined as expected.

The main areas of the business that performed well globally were Credit Services (10 per cent organic growth), Consumer Services (11 per cent), and Marketing Services (6 per cent).

“We continue to execute against our growth strategy, though looking ahead we are mindful of tougher conditions in some markets, notably in the Eurozone,” said chief executive Don Robert.

Robert told investors he expects earnings before interest and tax to progress in line with revenues and on a constant currency basis.

“For the full year, we continue to expect performance to be consistent with our core financial objectives of mid to high single-digit organic revenue growth, to maintain or improve margin and achieve cash flow conversion of over 90 per cent,” he concluded.

Shares stumbled 2.6 per cent to 926 pence following the announcement.

 

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