Experian issued an Interim Management Statement that includes an update on trading for the three months to 31 December 2012.
In the three months to 31 December 2012, total revenue from continuing activities increased by 7% at constant exchange rates. At actual exchange rates, total revenue from continuing activities increased by 5%, with the difference mainly reflecting depreciation of the Brazilian Real relative to the US dollar. Group organic revenue growth was 7% year-on-year.
By principal activity, organic revenue growth was 7% at Credit Services, 7% at Decision Analytics, 4% at Marketing Services, and 8% at Consumer Services.
Commenting on the performance of Experian, Don Robert, Chief Executive Officer, said: “We are pleased with the progress made in the third quarter, with total and organic revenue growth of 7%, at constant exchange rates. We delivered widespread growth demonstrating the breadth of our portfolio and continued successful execution of our growth strategy, helping us to withstand ongoing pressures in the global economy. “Looking ahead, for the full year we expect organic growth to be high single-digit, with organic growth in the second half similar to our third quarter results. We also reiterate our full year expectations of modest margin improvement (at constant currency) and to convert at least 90% of EBIT into operating cash.”
Source: Experian Press Release
