Experian hoping to meet unchanged outlook after mid-year earnings slump
Experian will update on Tuesday, 17 January, providing insight on its decision to leave annual forecasts unchanged, despite earnings falling 41% in the first half of the year
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LON:EXPN
Experian is a global leader in providing information, analytical tools and marketing services to organisations and consumers to help manage the risk and reward of commercial and financial decisions.
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Experian will update on Tuesday, 17 January, providing insight on its decision to leave annual forecasts unchanged, despite earnings falling 41% in the first half of the year
Underlying revenue growth was attributed to new products, new business wins and consumer expansion
In the UK & Ireland, accounting for 14% of group revenue, revenue was down 6% at actual exchange rates but was up 5% on a constant currency basis
Dr Martens, Hays and Severn Trent are also publishing results
Footsie finished down around 116 points, or 1.63%, at 7,039 on the day
Other companies reporting in the week include Ashmore, Foresight, Dr Martens, Grafton, Loungers, MJ Gleeson,
While no two downturns are the same, Barclays analysts noted that the company "navigated both a credit induced recession and Covid-19 without a dip in organic revenues"
Petrol hit an average of 191.1p a litre on Sunday, while diesel reached 199.1p Saturday
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At the close, the UK blue-chip index was 68.77 points, or 1.0% lower at 7,020.45, just above the session low of 7,014.19, and well below the morning peak of 7,115.80
Between 2026 and 2028, Experian will have the option to purchase the remaining 49%
The UK government is benefitting from the spike in prices
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The global information services company expects organic revenue for the financial year to end-March 2022 of 11%-13%, up from its previous forecast of 9%-11%
Experian said it is now expecting total revenue growth between 13% and 15% for the full year
Good performance in North America and Latin America has offset weaker numbers in the rest of the world
The data scoring company said Serasa, its Brazilian business, can find “no evidence that our technology systems have been compromised”
In the UK and Ireland, organic sales slipped 2% in the fourth quarter
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Other firms in the diary include Experian, WH Smith, Dixons Carphone, JD Wetherspoon and EMIS Group
The CEO of the consumer credit data firm, Brian Cassin, also said that the coronavirus pandemic has “catalysed trends" which play to the company's strengths
Brian Cassin, Experian's chief executive, said: "We disagree with the ICO's decision today and we intend to appeal."