Experian PLC (LSE:EXPN) has stuck to guidance after revenue ticked up over the third quarter despite a “subdued” performance in the UK.
Global organic revenue climbed by 6% in the three months to December, or by 8% when excluding foreign exchange headwinds, Experian reported on Wednesday.
Growth across other regions outstripped that seen in the UK, however, where revenue ticked up by 1% on a constant currency basis.
Experian noted business-to-business revenue fell, despite new initiatives being rolled out, while consumer services turnover increased.
“A subdued UK economic backdrop and other one-time factors weighed on growth in the quarter,” it said.
North and Latin American revenue, which accounts for the majority of Experian’s turnover, picked up by 6% and 8% at constant currency respectively.
Revenue in Experian’s smaller European, Middle East, African and Asian markets also rose, by 9%.
“We delivered another strong quarter of growth,” chief executive Brian Cassin commented, adding guidance was unchanged on the back of the results.
“We continue to expect organic revenue growth of between 6% [and] 8% and margin accretion at the upper end of 30 [to] 50 basis points.”
Shares were flat on Wednesday.