Experian posts sluggish UK and Ireland growth
Experian, the Nottingham headquartered information services company, says it grew revenues by 4% in final three months of 2016.
Despite this, it’s UK and Ireland operation was the worst performing geographical region – seeing growth of just 2%. Experian puts this down to a decline in its Consumer Services division. However, Credit Analytics, Decision Analytics and Marketing Services all performed well, the company said.
Brian Cassin, chief executive cfficer, said: “We delivered organic revenue growth in Q3 of 4%, consistent with our guidance of mid-single digit organic revenue growth and as we lapped a strong prior year comparative. At a global level, Credit Services, Decision Analytics and Marketing Services delivered good growth, reflecting strength in our core markets, investment in new product growth and innovation and the benefits of our One Experian strategy to provide integrated services to our clients. In Consumer Services, we continue to advance our product plans and are encouraged by the increasing levels of engagement with consumers as we help people better manage their credit.
“Looking ahead, our guidance for the full year is unchanged. At a Group level and at constant currencies, we expect organic revenue growth in the mid-single digit range, to deliver stable margins while investing for growth, and further progress in Benchmark earnings per share.”
Experian will release results for the year ending March 31 on Thursday May 18.