Experian issued an update on trading for the six months to 31 March 2008. Commenting on the performance of Experian, Don Robert, Chief Executive Officer, said: “Experian’s strong portfolio of businesses enabled the Group to deliver a good second-half performance, despite continuing marketplace challenges in the US and the UK. Total revenue growth was 21% for the second half, with organic revenue growth of 2%. For the full year we expect double-digit EBIT growth, unchanged from our previous expectations.
“Looking ahead, we expect good performances in new geographies and across many business lines. Although we do not plan on short-term improvement in the US and UK financial services environment, and are facing strong comparables in the first quarter, our cost efficiency program is on track and we remain confident about the outlook.” Source: Experian Press Release
For further information see pages 13 & 14