Experian issued an interim management statement with an update on trading for the three months to 30 June 2009. Group revenues declined by 8% at actual exchange rates (Experian reports in US$).  Revenue from continuing activities increased by 1% at constant exchange rates. Group organic revenue growth was 1% year-on-year. By principal activity, organic revenue increased by 10% at Interactive and by 2% at Credit Services. Organic revenue declined by 7% at Decision Analytics and by 8% at Marketing Services.  Don Robert, Chief Executive Officer, said:

“Our businesses traded in line with our expectations during the quarter, and we continue to expect little organic revenue growth in the first half. We are managing the business tightly and are on track for the year to broadly maintain margins, grow profits at constant currency and deliver strong cash flow conversion. We are aggressively pursuing a number of growth initiatives, which we expect will position Experian strongly for the future.”

North America: Total revenue from continuing activities in North America declined by 2%. Organic revenue also declined by 2%. There was a small contribution from SearchAmerica (acquired in December 2008).  Organic revenue at Credit Services declined by 6%, as market conditions remained challenging during the quarter. UK and Ireland: At constant exchange rates, total revenue growth in UK and Ireland from continuing activities was flat. Organic revenue growth was also flat. Latin America: Revenue for Latin America increased by 15% at constant exchange rates. Organic revenue growth was also 15%. EMEA/Asia Pacific: At constant exchange rates, total revenue in EMEA/Asia Pacific increased by 5%. Organic revenue growth was flat, with KreditInform in South Africa (acquired in December 2008) contributing the balance.  Source: Experian Press Release

BIIA Newsletter July – August 2009  Issue