Tuesday 12 December 2017

Experian revenue growth slows as sales contract

Howard Mustoe

Experian, the world’s largest credit-checking company, said second-half revenue growth, excluding acquisitions and currency swings, slowed as sales in Ireland and the UK contracted.

Revenue on that basis rose 2pc in the six months ended March 31, down from 4pc in the year-earlier period, the company said in a statement today.

Total revenue growth, including acquisitions and currency gains, was 10pc, compared with a 6pc decline in the comparable period of 2008-09.

At constant currency rates, excluding acquisitions, revenue fell 2pc in the UK and Ireland, rose 17pc in Latin America and grew 1pc in North America, Europe and Asia Pacific.

“Our general sentiment about the UK market is more positive than it was three months ago, when we last spoke to the market,” said Paul Brooks, Experian’s chief financial officer, in a conference call with journalists today.

“It isn’t showing through in the numbers yet, but as we talk to our clients and we gauge the sentiment within the business we are feeling a little more positive,” he added.

Experian fell 6.5 pence, or 1pc, to 628.5 pence at 8:52am in London, valuing the company at £6.45bn (€7.35bn). The stock has risen 2.2pc this year.


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