Growth in data and consumer businesses sees Experian thrive

Experian’s UK and Ireland business has posted a revenue of around £288 million in its results for the six months to 30 September.

Globally, the company has seen a $10 million (c. £7.8 million) increase in its pre-tax profits and an increase in its total revenue.

Although the information services giant’s organic revenue growth in the UK was flat at constant exchange rates, its consumer services division – which now boasts 6.6 million members – delivered three per cent organic growth.

The firm also says its UK data business, which delivered revenue growth of 4 per cent, has performed strongly thanks to its investments in “unique propositions” such as trended data and open banking.

The weak point was Experian’s decisioning business, which experienced an 8 per cent drop in revenue.

Commenting on the company’s global performance, CEO Brian Cassin said: “We have started the year well. First-half organic revenue growth was 7 per cent, with acceleration in Q2. This reflects successful execution on big new addressable market opportunities, the global roll out of our innovative platforms and considerable momentum in Consumer Services as we invest in Experian Boost.

“We now expect full-year organic revenue growth in the 7-8 per cent range, at the upper end of our previous guidance. We continue to expect EBIT growth at or above revenue growth and strong progress in Benchmark earnings per share, all at constant currency, and for the full year we expect operating cash conversion of around 90 per cent.”

Experian has several offices in Nottingham including its base at NG2 Business Park, The Sir John Peace Building.