UK and Ireland revenues fall at Experian
Experian’s UK and Ireland business has taken a revenue hit in the first quarter of the year after the Nottingham-headquartered firm decided to sideline its consumer services arm.
Revenue dropped by 3% for the three months ended 30 June, but this was offset by a strong peformance across the rest of the world which saw revenues across the company grow by 6%.
Brian Cassin, chief executive officer, said: “We have started the year in line with our expectations, with total revenue growth of 6% and organic revenue growth of 4%. Our business-to-business services have performed well, with 7% organic growth and good performances across all regions, demonstrating the breadth of our business as well as successful investment in new product innovation, helping our clients apply more data and analytics to drive better business outcomes. We are also taking important steps to reposition Consumer Services as we introduced two new services in the US, and over the coming months we will continue our efforts to build up scale in these new initiatives through greater education of and engagement with consumers.
“As we look ahead, we continue to expect growth for the year to be within our target mid single-digit organic revenue range, with stable margins and further progress in Benchmark earnings per share.”
Experian will hold its Annual General Meeting on Thursday 20 July and will release half year results on Wednesday 15 November 2017.
