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

Financial Services

Experian forecasts revenue improvement as acquisitions complete

Organic revenue for the quarter to September 30 is expected to drop by 0-5%

Experian PLC (LON:EXPN) said acquisitions completed recently, such as the Arvato risk management division in Germany, are to add 2% to revenue growth for the rest of the financial year.

Organic revenue for the quarter to September 30 is expected to drop by 0-5%, as the consumer credit reporting company continues to implement cost-saving actions alongside investments organisational capacity, technology and new propositions.

READ: Experian slips on downgrade from RBC Capital

In the quarter to June 30, total revenue dipped 1%, with North America rising 4% while Latin America, rest of the world and UK & Ireland slipped 26%, 20% and 18% respectively.

North America saw growth in business-to-business and strong demand for credit education and identity monitoring subscription services.

The other regions were hit by weak demand amid coronavirus disruption.

Shares dipped 1% to 2,828p early on Thursday.

--Adds shares--

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