15th Jan 2025 08:28
(Alliance News) - Experian PLC on Wednesday highlighted improving trends in North America as it backed annual guidance.
Chief Executive Brian Cassin commented: "Our growth expectations for the full year are unchanged. We continue to expect organic revenue growth of between 6% to 8% and margin accretion at the upper end of 30 to 50 basis points, all at constant exchange rates and on an ongoing basis."
In a trading update, the Dublin-based credit checking company said total and organic revenue for continuing activities rose 6% in the three months to December, or by 8% at constant currency.
In response, shares in Experian were 0.9% higher at 3,486.00 pence each in London on Wednesday morning. The wider FTSE 100 index was up 0.8%.
Revenue grew by 7% in North America, 4% in the UK & Ireland, and 35% in Europe, Middle East & Africa and Asia Pacific. It fell by 6% in Latin America.
On an organic basis, revenue grew by 6% in North America, 1% in the UK & Ireland, 9% in Europe, Middle East & Africa and Asia Pacific, and 8% in Latin America.
Experian highlighted "steadily improving underlying trends" in North America. Business-to-business organic revenue growth was 8% and Consumer Services delivered organic revenue growth of 2%.
Latin America delivered organic revenue growth of 8%, which was in-line with the firm's expectations.
In the UK & Ireland, B2B organic revenue was 1% lower as a subdued UK economic backdrop and other one-time factors weighed on growth.
In EMEA and Asia Pacific, Experian reported particular strength in Australia, South East Asia and India.
Experian will release full results for the financial year ending March 31 on May 14.
By Jeremy Cutler, Alliance News reporter
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