In the three months to 30 June 2014, total revenue from continuing activities increased by 4%, at constant exchange rates growth was 3% and organic revenue was unchanged.
The difference relates mainly to the acquisitions of The 41st Parameter (41st Parameter) and Passport Health Communications (Passport) and to the translation effect of the movement in British pound sterling relative to the US dollar.
Don Robert, Chief Executive Officer, stated: “As previously highlighted, we faced a number of one-off headwinds in the first quarter, including a subdued trading environment in Brazil during the World Cup and the effect of the brand transition we are undertaking in North American Consumer Services, which is progressing according to plan. These factors masked strengthening performance in North America Credit Services, where the environment for both consumer and business lending is improving, as it is in the UK, where we saw growth across all areas.
Our two recent acquisitions in the high-growth areas of healthcare and fraud prevention performed strongly, with significant client wins across each. For Q1, total revenue growth was 4%, total revenue growth at constant exchange rates was 3% and organic revenue was unchanged year-on-year.
“Looking ahead, while we continue to expect growth in the first half to be constrained by the one-off headwinds we expect a return to more normal levels of organic revenue growth as the second half of the year progresses. We also continue to expect at least to maintain margins for the year, to deliver growth in earnings per share and to exceed 90% cash flow conversion.”
Source: Experian Earnings Release
