Commenting on the performance, Brian Cassin, Chief Executive Officer, said: “We delivered a strong performance in Q1 through a combination of successful delivery of our innovation-led strategy and faster than expected recovery as economies emerge from the COVID-19 pandemic. Total revenue growth was 31% at actual exchange rates and 28% at constant exchange rates. Organic revenue growth was 22%, and all regions and segments delivered growth for the quarter.
We now expect total revenue growth for the full year in the range of 13-15%, of which we expect organic revenue growth of 9-11%, and continue to expect strong EBIT margin accretion, all at constant currency.”
North America delivered organic revenue growth of 22%, driven by good progress on our strategic initiatives, bureau volume recovery across B2B and significant strength in Consumer Services. Respectively, growth was 19% and 28% across B2B and Consumer Services. Total revenue growth was 26%, including acquisition contributions in targeting and verification services.
Latin America – 12% of Group revenue4
Latin America delivered organic revenue growth of 25%. Acquisitions, including in fraud and identity management, contributed to total revenue growth of 31% at constant currency.
While the effects of the COVID-19 pandemic continue to weigh on many countries in Latin America, our B2B businesses showed good recovery. B2B organic revenue was up 18%, driven by higher bureau volumes, adoption of positive data propositions in Brazil, including the Serasa Score, new wins for Experian Ascend and good demand for cloud-enabled decisioning platforms. We also saw progress in Serasa Automotive.
UK and Ireland – 14% of Group revenue4
We have continued to make excellent progress on our transformation programme in the UK and Ireland and the region has returned firmly to growth. Organic and total constant exchange rate revenue growth was 20%.
EMEA/Asia Pacific – 9% of Group revenue4
Organic revenue growth across EMEA/Asia Pacific was 19% and total revenue growth was 61% at constant exchange rates, including the contribution from bureau acquisitions in Germany and Spain.
4 Percentage of group revenue from ongoing activities calculated based on FY21 revenue at actual exchange rates.
Source: Experian Earnings Release
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