Experian ‘resilient’ in the face of market disruption

Global information services company Experian has described its UK and Ireland performance as “encouraging” in a trading update covering the three months to 31 December 2022.

The firm, which has its UK base in Nottingham, enjoyed “organic and total constant currency revenue growth of 6%” during the period despite a challenging economic backdrop and “specific market disruption” in October.

B2B organic revenue grew by 10%, reflecting “strong results from new products and good execution across all major B2B business units”, while organic revenue in customer services slipped by 8%, partly due to tighter lending conditions.

The performance accounted for 12% of total group revenue.

Experian CEO Brian Cassin said the results were “in line” with expectations.

He added: “While pressures in the global economy are likely to continue for some time, we expect to remain resilient, supported by the delivery of our growth strategy and growth in countercyclical revenue streams. For the full year our expectations are unchanged.”