Experian revenue growth weakened by UK and Ireland

Information services company Experian reported total revenue growth of 5% in its first quarter on Tuesday, driven primarily by a 17% surge in revenue in Latin America, as well as 8% growth in North America and 5% in the EMEA-Asia Pacific regions.

The FTSE 100 company said the growth was offset somewhat by a 13% decline in revenue from the UK and Ireland in the three months to 30 June.

“We have started the year in line with our expectations, with total revenue growth of 6% and organic revenue growth of 4%,” said chief executive officer Brian Cassin.

“Our business-to-business services have performed well, with 7% organic growth and good performances across all regions, demonstrating the breadth of our business as well as successful investment in new product innovation, helping our clients apply more data and analytics to drive better business outcomes.

“We are also taking important steps to reposition Consumer Services as we introduced two new services in the US, and over the coming months we will continue our efforts to build up scale in these new initiatives through greater education of and engagement with consumers.”

At constant exchange rates, growth across the group was said to be 6%, while organic revenue growth for the period was 4%.

On a divisional basis, organic revenue growth in credit services was 5%, while decision analytics saw a 13% surge in organic revenue and marketing services was ahead 12%.

Consumer services organic revenue fell 8%, however.

“As we look ahead, we continue to expect growth for the year to be within our target mid single-digit organic revenue range, with stable margins and further progress in Benchmark earnings per share,” Cassin added.