Experian reports US$ 2.3bn in revenue for the first half of fiscal year 2019.  Brian Cassin, Chief Executive Officer, commented:

“We have started the year well, with first-half organic revenue growth of 8% as we expand our data assets, introduce new global products and gain momentum in Consumer Services.

“We now expect full-year organic revenue growth in line with the first half, and at the top of our previous guidance range. While foreign exchange translation remains a headwind, we expect EBIT growth at or above revenue growth and strong progress in Benchmark earnings per share, all at constant currency.”

Benchmark and Statutory financial highlights

  • A strong first half:
    • 9% total revenue growth at constant currency, 8% organic revenue growth, 7% total revenue growth.
    • Benchmark EBIT margin of 27.5%, up 20 basis points at constant rates, down 10 basis points at actual rates, with 7% total Benchmark EBIT growth.
    • 12% Benchmark EPS growth at constant rates.
  • Further momentum in B2B and continued progress in Consumer Services.
    • B2B organic revenue growth of 9%.
    • Consumer Services organic revenue growth of 5%, with strong progress across new products.
  • Operational highlights.
    • Ascend big data analytics platform installed in 14 of our largest US clients; global roll-out underway.
    • Clarity Services acquisition exceeds buy-plan expectations; realising synergies.
    • Global B2B platforms scaling across our geographies; new opportunities secured for PowerCurve, CrossCore, Text for Credit and Verdus.
    • Strong performance in Experian health; double digit growth.
    • IdentityWorks memberships reach 280,000, up over 300% year-on-year.
    • Free consumer memberships reach over 45m combined across our three major markets.
    • New services for consumers introduced: Triple Scan, Child ID Scan and Experian Financial Profile.
  • Continuing commitment to shareholder returns and disciplined capital allocation.
    • First interim dividend up 4% to 14.0 US cents per ordinary share.
    • Net share repurchases of US$107m, at 30 September 2018.

Source:  Experian Press Release