Credit information services firm Experian plc (EXPN.L) reported a 14% rise in total revenue and organic revenue growth of 9% year-on-year, all at constant exchange rates, for the first quarter. At actual exchange rates, total revenue on continuing activities went up 7%, with the difference chiefly reflecting depreciation of the Brazilian Real relative to the US dollar.
By principal activity, organic revenue growth was 10% at Credit Services, 3% at Decision Analytics, 6% at Marketing Services, and 11% at Consumer Services.
For the first half, the company sees high single-digit organic revenue growth and for EBIT to progress in line with revenues, on a constant currency basis. For the full year, Experian still expects performance to be consistent with its core financial objectives of mid to high single-digit organic revenue growth, to maintain or improve margin and achieve cash flow conversion of more than 90%.
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by RTT Staff Writer
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