Strong performance demonstrating the power of data for consumers and our clients
Experian plc, the global information services company, has issued its half-yearly financial report for the six months ended 30 September 2021.
“We had a very good first half performance with total revenue growth of 23% at actual exchange rates, 21% at constant exchange rates and organic revenue growth of 16%. Benchmark earnings per share also progressed strongly, up 30% for the half (at constant exchange rates). Consumer Services has seen standout growth, and our B2B businesses continue to perform very well. We expect progress to continue, and for the full year, we now expect organic revenue growth in the range of 11-13%, total revenue growth of 15-17% and strong EBIT margin accretion, all at constant exchange rates.”
“Our growth is being enabled by a successful innovation-led strategy which has financial inclusion at its heart. Our aim is to empower consumers and businesses globally, improving financial health for all by using our capabilities as a force for good to transform lives and power opportunities.”
- See Appendix 1 (page 14) and note 5 to the interim financial statements (pages 25-27) for definitions of non-GAAP measures.
- Organic revenue growth is at constant currency.
- Revenue and Benchmark EBIT for the six months ended 30 September 2020 have been re-presented for the reclassification to exited business activities of certain B2B businesses.
- See page 15 for reconciliation of Benchmark EBIT from ongoing activities to Profit before tax.
- Strong execution and strategic progress across the Group. Full year guidance upgraded.
- Outstanding first half in Consumer Services, revenue +27% with 122m free members.
- B2B growing well; organic revenue +12% with strategic initiative momentum.
- H1 Benchmark EBIT +25%, H1 Benchmark EPS +30%, both at constant exchange rates.
- Very strong cash performance; up 25%. Guidance raised to c.100% operating cash flow conversion.
- Strong financial position; low end of leverage range.
- Two acquisitions completed after period end for US$353m.
- First interim dividend up 10% to 16.0 US cents per ordinary share.
Source: Experian Earnings Release