2nd Nov 2006 09:34
Experian Group Limited02 November 2006 2 November 2006 Experian Group Limited Further re Interim Results Experian Group Limited (Experian), the global information solutions company,will announce its Interim Results for the six months to 30 September 2006 on 21November 2006. For information purposes, Experian is today publishing sales and EBIT beforecentral activities by geography and by principal activity for the six-monthperiods to 30 September 2005 and to 31 March 2006. Following the demerger and Global Offer completed earlier in October, Experianhas a total of approximately 1,021 million ordinary shares in issue. The numberof Experian shares to be used for the purposes of calculating basic earnings pershare on a pro forma basis is approximately 1,010 million. Experian will update investors on current trading at its Third Quarter TradingUpdate on 10 January 2007. Enquiries Experian Paul BrooksChief Financial Officer 020 7495 0070 Fay Dodds Director of Investor Relations Finsbury Rollo Head 020 7251 3801James Wyatt-Tilby This announcement is available on the Experian website, www.experiangroup.com Sales and EBIT by half year for the 12 months to 31 March 2006 +------------------------------+----------------+---------------+--------------+|Sales |Six months to 30| Six months to| 12 months to|| | September 2005| 31 March 2006| 31 March 2006||$m | | | |+------------------------------+----------------+---------------+--------------+|Sales by geography | | | |+------------------------------+----------------+---------------+--------------+|Americas | | | |+------------------------------+----------------+---------------+--------------+|- Credit Services | 379| 387| 766|+------------------------------+----------------+---------------+--------------+|- Decision Analytics | 30| 33| 63|+------------------------------+----------------+---------------+--------------+|- Marketing Solutions | 171| 184| 355|+------------------------------+----------------+---------------+--------------+|- Interactive | 233| 314| 547|+------------------------------+----------------+---------------+--------------+|Total Americas - continuing | 813| 918| 1,731||activities | | | |+------------------------------+----------------+---------------+--------------+|- Discontinuing activities* | 43| 30| 73|+------------------------------+----------------+---------------+--------------+|Total Americas | 856| 948| 1,804|+------------------------------+----------------+---------------+--------------+| | | | |+------------------------------+----------------+---------------+--------------+|UK & Ireland | | | |+------------------------------+----------------+---------------+--------------+|- Credit Services | 122| 123| 245|+------------------------------+----------------+---------------+--------------+|- Decision Analytics | 95| 90| 185|+------------------------------+----------------+---------------+--------------+|- Marketing Solutions | 105| 131| 236|+------------------------------+----------------+---------------+--------------+|- Interactive | 4| 7| 11|+------------------------------+----------------+---------------+--------------+|Total UK & Ireland - | 326| 351| 677||continuing activities | | | |+------------------------------+----------------+---------------+--------------+|- Discontinuing activities* | 41| 40| 81|+------------------------------+----------------+---------------+--------------+|Total UK & Ireland | 367| 391| 758|+------------------------------+----------------+---------------+--------------+| | | | |+------------------------------+----------------+---------------+--------------+|EMEA/Asia Pacific | | | |+------------------------------+----------------+---------------+--------------+|- Credit Services | 200| 210| 410|+------------------------------+----------------+---------------+--------------+|- Decision Analytics | 33| 43| 76|+------------------------------+----------------+---------------+--------------+|- Marketing Solutions | 16| 20| 36|+------------------------------+----------------+---------------+--------------+|- Interactive | -| -| -|+------------------------------+----------------+---------------+--------------+|Total EMEA/Asia Pacific - | 249| 273| 522||continuing activities | | | |+------------------------------+----------------+---------------+--------------+|- Discontinuing activities* | -| -| -|+------------------------------+----------------+---------------+--------------+|Total EMEA/Asia Pacific | 249| 273| 522|+------------------------------+----------------+---------------+--------------+| | | | |+------------------------------+----------------+---------------+--------------+|Total Experian - continuing | 1,388| 1,542| 2,930||activities | | | |+------------------------------+----------------+---------------+--------------+| | | | |+------------------------------+----------------+---------------+--------------+|Total discontinuing activities| 84| 70| 154||* | | | |+------------------------------+----------------+---------------+--------------+| | | | |+------------------------------+----------------+---------------+--------------+|Total Experian | 1,472| 1,612| 3,084|+------------------------------+----------------+---------------+--------------+| | | | |+------------------------------+----------------+---------------+--------------+|Sales by principal activity | | | |+------------------------------+----------------+---------------+--------------+|Credit Services | 701| 719| 1,420|+------------------------------+----------------+---------------+--------------+|Decision Analytics | 158| 167| 325|+------------------------------+----------------+---------------+--------------+|Marketing Solutions | 292| 335| 627|+------------------------------+----------------+---------------+--------------+|Interactive | 237| 321| 558|+------------------------------+----------------+---------------+--------------+|Total - continuing activities | 1,388| 1,542| 2,930|+------------------------------+----------------+---------------+--------------+|Discontinuing activities* | 84| 70| 154|+------------------------------+----------------+---------------+--------------+|Total Experian | 1,472| 1,612| 3,084|+------------------------------+----------------+---------------+--------------+| | | | |+------------------------------+----------------+---------------+--------------+ +--------------------------------+---------------+--------------+--------------+|EBIT before central activities | Six months to| Six months to| 12 months to|| | 30 September| 31 March 2006| 31 March 2006||$m | 2005| | |+--------------------------------+---------------+--------------+--------------+|EBIT by geography | | | |+--------------------------------+---------------+--------------+--------------+|The Americas - direct business | 188| 216| 404|+--------------------------------+---------------+--------------+--------------+|FARES | 41| 28| 69|+--------------------------------+---------------+--------------+--------------+|Total Americas | 229| 244| 473|+--------------------------------+---------------+--------------+--------------+|UK & Ireland | 90| 89| 179|+--------------------------------+---------------+--------------+--------------+|EMEA/Asia Pacific | 29| 35| 64|+--------------------------------+---------------+--------------+--------------+|Total continuing EBIT before | 348| 368| 716||central activities | | | |+--------------------------------+---------------+--------------+--------------+|Discontinuing activities | 22| 20| 42|+--------------------------------+---------------+--------------+--------------+|Total Experian | 370| 388| 758|+--------------------------------+---------------+--------------+--------------+| | | | |+--------------------------------+---------------+--------------+--------------+|EBIT by principal activity | | | |+--------------------------------+---------------+--------------+--------------+|Credit Services - direct | 182| 189| 371||business | | | |+--------------------------------+---------------+--------------+--------------+|FARES | 41| 28| 69|+--------------------------------+---------------+--------------+--------------+|Total Credit Services | 223| 217| 440|+--------------------------------+---------------+--------------+--------------+|Decision Analytics | 52| 50| 102|+--------------------------------+---------------+--------------+--------------+|Marketing Solutions | 22| 35| 57|+--------------------------------+---------------+--------------+--------------+|Interactive | 51| 66| 117|+--------------------------------+---------------+--------------+--------------+|Total continuing EBIT before | 348| 368| 716||central activities | | | |+--------------------------------+---------------+--------------+--------------+|Discontinuing activities | 22| 20| 42|+--------------------------------+---------------+--------------+--------------+|Total Experian | 370| 388| 758|+--------------------------------+---------------+--------------+--------------+| | | | |+--------------------------------+---------------+--------------+--------------+ Certain financial data has been rounded in the table above. As a result of thisrounding, the totals of data presented in this table may vary slightly from theactual arithmetic totals of such data. *In the year ended 31 March 2006, sales from discontinuing activities of $154minclude MetaReward ($70m) and UK account processing ($79m). In the year ended 31March 2006, EBIT before central activities from discontinuing activities of $42mincludes MetaReward ($5m) and UK account processing ($36m). Both of these businesses have been classified as discontinuing activities from 1April 2006, but were included within continuing activities in the three yearsended 31 March 2006 in the Experian prospectus dated 14 September 2006. Definitions and reconciliations EBIT EBIT is defined as profit before amortisation of acquisition intangibles,goodwill impairments, charges in respect of the Demerger related equityincentive plans, exceptional items, net financing costs, financing fair valueremeasurements and taxation, and includes Experian's share of pre-tax profits ofassociates. Discontinuing activities Experian defines discontinuing activities as businesses sold, closed oridentified for closure during a financial year. These are treated asdiscontinuing activities for both revenue and EBIT purposes. Prior periods,where shown, are restated to exclude the results of discontinuing activities.This financial measure differs from the definition of discontinued operationsset out in IFRS 5 (Non-current assets held for sale and discontinuedoperations). Under IFRS 5, a discontinued operation is: (i) a separate majorline of business or geographical area of operations; (ii) part of a single planto dispose of a major line of business or geographical area of operations; or(iii) a subsidiary acquired exclusively with a view to resale. Reconciliation to previously reported results The following reconciliations have been prepared to reconcile the above analysisto the data reported by GUS plc, the parent company of Experian prior to thedemerger as part of its interim results as issued on 17 November 2005, and thefull year results as issued on 24 May 2006. +--------------------------------+---------------+--------------+--------------+|As reported above | Six months to| Six months to| 12 months to|| | 30 September| 31 March 2006| 31 March 2006|| | 2005| | |+--------------------------------+---------------+--------------+--------------+| | $m| $m| $m|+--------------------------------+---------------+--------------+--------------+|EBIT before central activities | 370| 388| 758|+--------------------------------+---------------+--------------+--------------+|Central activities | (16)| (15)| (31)|+--------------------------------+---------------+--------------+--------------+|Total Experian EBIT | 354| 373| 727|+--------------------------------+---------------+--------------+--------------+ +--------------------------------+---------------+--------------+--------------+|As previously reported | Six months to| | 12 months to|| | 30 September| | 31 March 2006|| | 2005| | |+--------------------------------+---------------+--------------+--------------+| | £m| | £m|+--------------------------------+---------------+--------------+--------------+|Experian EBIT as previously | 200| | 417||reported | | | |+--------------------------------+---------------+--------------+--------------+|GUS central activities | (13)| | (20)|+--------------------------------+---------------+--------------+--------------+|Home Retail Group allocation | 7| | 10|+--------------------------------+---------------+--------------+--------------+|Total Experian EBIT (GBP) | 194| | 407|+--------------------------------+---------------+--------------+--------------+| | | | |+--------------------------------+---------------+--------------+--------------+| | $m| | $m|+--------------------------------+---------------+--------------+--------------+|Average USD / GBP rate | 1.82| | 1.79|+--------------------------------+---------------+--------------+--------------+|Total Experian EBIT (USD) | 354| | 727|+--------------------------------+---------------+--------------+--------------+ This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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