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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Financial Services

Experian expects strong quarterly growth after robust year

Good performance in North America and Latin America has offset weaker numbers in the rest of the world

Experian PLC (LON:EXPN) said it expects first-quarter organic revenue to rise 15-20% as it builds on a robust year.

In the year to 31 March, the consumer credit reporting company recorded revenue growth of 7% and 9% respectively in North America and Latin America, though revenue in UK and Ireland and the rest of the world was down 6% and 14% respectively.

Strength in US mortgage volumes, Experian Ascend, health and fraud and identity services helped to offset weaker conditions for unsecured credit origination, decisioning software and marketing expenditure by clients.

The credit score checking platform scaled its B2B segments and now has a total contract value for Ascend of US$374mln, while it makes progress with Experian One, CrossCore and Open Data.

Consumer services delivered 17% revenue growth in the year, with free consumer memberships rising by a quarter to 110mln.

Total revenue rose 4% to US$5.3bn, with profit before tax climbing 14% to US$1bn.

The second interim dividend of 32.5 US cents per ordinary share was flat compared to last year, bringing the full-year distribution to 47 US cents per share.

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