Turnover up at Experian as focus on B2B reaps rewards

Experian, the Nottingham-based information services firm, has posted an 9% rise in revenues, while profits have dipped slightly.

The firm was driven mainly by double digit growth in North America and Latin America, while UK & Ireland growth stood at 2%.

Turnover for the year to 31 March came in at £4.22bn, with profits dropping by 2% to £942m.

Experian said it was a strong year for new product innovation with a focus on scaling new B2B platforms: Ascend, Experian One, Open Data and CrossCore

Brian Cassin, chief executive, said: “The past year was a strong one for Experian. We delivered organic revenue growth at the top end of our revenue guidance range and finished the year strongly in Q4.

“The COVID-19 crisis began to escalate late into our financial year with limited financial impact in FY20. We took swift action across our business in response to the unfolding crisis. We have operations in 45 countries and numerous industry segments, including in many of the societies hardest hit by the pandemic.

“Our priorities have been to protect our people, to secure our business financially and operationally, to focus on how we can help the millions of consumers who are financially affected, as well as to assist governments and our clients as they respond to the crisis.”