Experian looks to new markets as UK growth continues

Experian, the Nottingham-headquarterd information services company, has seen its UK and Ireland business grow by 1% for the year-ending 31 March.

The firm, which saw global growth of 2% in revenue to $4.33bn and profit before tax break through the $1bn barrier to $1.07bn, says the breadth of its offer in B2B is a major advantage, expanding its position within its traditional client base in financial services and opening up new opportunities for growth in areas such as energy, price comparison, wealth and pensions and financial technology services (fintech).

Experian says it has attracted 1.7 million free customers since launch of Creditmatcher, its credit card price comparison service, and that it has recently launched a similar energy switching service. However, it seems Experian’s traditional credit monitoring subscription services are in terminal decline.

It has been a good year for Experian. We have made considerable progress strategically, operationally and financially. Our portfolio is sharper and we are continuing to invest to drive growth through innovative products and new services. We have also returned significant capital to our shareholders.

Brian Cassin, chief executive officer, said: “As we look ahead, our sector is vibrant. Clients are seeking new ways to combine and analyse vast quantities of data to drive better business outcomes and consumers want to better understand and protect their financial status. This plays to our core strengths and is opening up many new opportunities for Experian. Over the next 12-18 months we will continue to innovate and are introducing a wave of new products to bring fresh thinking and new services to meet this demand.”