Experian issued an Interim Management Statement that includes an update on trading for the three months to 31 December 2011. Notwithstanding poor economic climate in its core US and UK markets, the company presses ahead with an aggressive acquisition strategy. Third quarter results were buoyed by over 30% revenue growth due to acquisitions.
Commenting on the performance of Experian, Don Robert, Chief Executive Officer, said: “We are pleased to have delivered another strong performance in the third quarter. At constant exchange rates, total revenue growth was 12%, with organic revenue growth of 7%.”
While growth of North American credit, decision support and marketing services showed strength, its overall growth was retarded by a decline in Interactive (-4%). Growth in Latin America continues to be spectacular. In the UK & Ireland growth remained anemic for credit information, decision analytics and marketing service while Interactive grew at 29%. EMEA/Asia Pacific results were up due to strong growth in marketing services.
Source: Experian Press Release