Experian Group gained 8% largely due exchange rate gains. In the three months to 31 December 2009, revenue from continuing activities at Experian increased by 2% at constant exchange rates. Group organic revenue growth was 1% year-on-year. By principal activity, organic revenue increased 8% at Interactive and 2% at Credit Services. Organic revenue declined 1% at Marketing Services and 9% at Decision Analytics.
Since 30 September 2009, Experian has acquired United MailSolutions and A-Care Systems, and has received cash proceeds from certain disposals relating to its FARES associate. Net inflows to the date of this statement from these transactions totaled approximately US$60m.
EMEA/Asia Pacific: At constant exchange rates, total revenue for EMEA/Asia Pacific increased 7%. Organic revenue growth increased 2%. The acquisition contribution related principally to KreditInform in South Africa (acquired in December 2008) and United MailSolutions in Germany (acquired October 2009). Organic revenue growth at Credit Services was 3%, with strength across emerging markets and robust performances within established markets. At Decision Analytics, organic revenue declined 6%, impacted by adverse phasing of software deliveries. At Marketing Services, organic revenue growth was 10%, reflecting new business development.
At constant exchange rates, total revenue in UK and Ireland declined 3%. Organic revenue declined 2%. Organic revenue at Credit Services declined 5%. Credit origination revenues within financial services remained weak, mitigated by good performances across non-financial verticals and risk management activities. At Decision Analytics, organic revenue declined 13%, reflecting lower transaction volumes and client capital expenditure constraints. There was some moderation in the rate of decline at Marketing Services, where organic revenue was down 2%. New media performed well, helping to offset declines in traditional media. Interactive delivered strong growth, up 27%.
Latin America: Revenue for Latin America increased 16% at constant exchange rates. Organic revenue growth was also 16%. Organic revenue at Credit Services rose 18%. Growth was driven by higher origination volumes, increased contribution from premium products, strong penetration in the small and medium enterprise channel, as well as growth in authentication revenue.
North America: Total revenue from continuing activities in North America was flat, with organic revenue down 1%. Organic revenue at Credit Services declined 6%. Organic revenue declined 3% at Decision Analytics, reflecting slow pipeline conversion in the period. Organic revenue declined 3% at Decision Analytics, reflecting slow pipeline conversion in the period. Organic revenue growth at Interactive was 6%. There were good performances at lead generation and PriceGrabber, helped by market recovery. As expected, Consumer Direct was broadly flat, reflecting an exceptionally strong prior-year comparable. Source: Experian Earnings Release
