Experian total revenue growth for the half was 13%, with organic revenue growth of 3% (Q1 +1%, Q2 +5%).  

Commenting on the performance of Experian, Don Robert, Chief Executive Officer, said:  “In a challenging environment, Experian saw acceleration in second quarter growth, to give a good overall performance for the first half, benefiting from the balance, diversity and counter-cyclicality that has been built into the portfolio.“

Most of the growth came through acquisitions which were made in 2007.  Organic growth continues to be flat in the Experian’s key markets, the USA and UK& Ireland.

North America:  Organic revenue declined by 5% at Credit Services, with slight strengthening in the second quarter compared to the first, against challenging conditions for financial services. At Decision Analytics, organic revenue was flat against significant one-off revenue last year. Organic revenue growth in Marketing Services was 2%, reflecting strong performances across new media activities offsetting declines in traditional activities. In Interactive, organic revenue growth was 6%. Consumer Direct experienced excellent growth, while Experian Interactive Media continued to suffer from weak mortgage conditions. PriceGrabber, in line with the trend in consumer spending in the US, has seen a slowdown in recent trading.

United Kingdom & Ireland: Organic revenue at Credit Services declined by 4%. Weakness in consumer information across the financial services sector was partly offset by good growth in public sector revenue. Decision Analytics performed strongly, up 8% organically, as clients sought countercyclical products for collections, and benefiting from some one-off software deliveries towards the end of the period. At Marketing Services, progress in new media activities is encouraging, helping to offset financial services marketing cutbacks; organic revenue was down 7%. Interactive again performed very strongly, up 46% organically, driven by strength in new CreditExpert memberships.

Latin America:  There was strong organic revenue growth at Credit Services of 18%, driven by excellent growth in both consumer information and business information services. Revenue growth at both Decision Analytics and Marketing Services benefited from cross-sell opportunities across the new shared sales force. Organic revenue growth at Decision Analytics was up 23%, while Marketing Services revenue more than doubled, benefiting from a number of new client wins.

EMEA/Asia Pacific: Organic revenue at Credit Services rose 4%, reflecting good bureau progress and a number of new client wins. Major new client wins in Spain, Russia and South Korea, as well as collections strength in Holland helped drive good performance at Decision Analytics, with organic revenue growth of 10%. Marketing Services again performed well, with strength in email services, contact data management and internet marketing intelligence (Hitwise) contributing to organic growth of 13%.  

Source: Experian Press Release

BIIA Newsletter October Issue 2008