Experian reported total revenues of US$4.861bn for the financial year ending March 31st, 2019 up 6% in actual rates and 9% in constant revenue growth rates.
Brian Cassin, Chief Executive Officer, commented: This was a very good year for Experian. Our investment and innovation agenda delivered strong and broad-based growth with exciting new offers for consumers and businesses. We have strengthened our prospects and expanded our opportunities; both our B2B and Consumer Services businesses delivered strongly. With another year of continued investments, FY20 is expected to deliver further strong performance, with organic revenue growth in the 6-8% range, Benchmark EBIT growth at or above revenue growth and strong progress in Benchmark earnings per share.”
Strong momentum continues:
- Q4 organic revenue growth of 10% and full year organic revenue growth of 9%.
- B2B full year organic revenue growth of 9%.
- Consumer Services organic revenue growth of 6% with rapidly growing new product portfolio.
- Benchmark EBIT margin of 26.9%, up 20 basis points at constant rates, down 20 basis points at actual rates, with 10% total Benchmark EBIT growth at constant rates.
- 9% Benchmark EPS growth at constant rates.
- Broad based investments in technology and innovation driving growth across our expanding markets.
- Scaling B2B innovation across our geographies; new opportunities secured for PowerCurve, Ascend, CrossCore, Open Data platforms and Marketplace services.
- Ascend, our big data platform, installed in our largest US clients and sales secured across 4 countries.
- Direct relationships with consumers scaling rapidly as free consumer memberships reach over 55m combined across our three major markets, up from 40m last year.
- Launched Experian Boost, a major new US consumer-permissioned data offer; since March 2019 over 600,000 US consumers have already connected to Experian Boost.
- Strong performance in Experian health with another year of double digit growth.
- Expanded venture investment programme, with new investments including Marketplace operators.
- Completed acquisition of Compuscan for R3,720m (c. $263m)4, expanding our presence across Africa.
Continuing commitment to shareholder returns and disciplined capital allocation:
- Second interim dividend up 4% to 32.5 US cents per ordinary share; total dividend for FY19 up 4% to 46.5 US cents per ordinary share.
- Share repurchase programme of up to US$400m.
Footnotes: Please click on the link below.
Source: Experian Earnings Release