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Experian expects to hit top end of guidance after strong Q3
(Sharecast News) - Experian has narrowed its full-year targets to the upper end of guidance after a strong third quarter with revenue growth accelerating from the first half. The data analytics and consumer credit reporting company said total revenues from ongoing activities were up 9% year-on-year in the three months to 31 December, up from 6% at the half-year stage.
Group organic revenues at constant exchange rates were up 6%, with growth across its four geographies.
As a result, full-year organic revenue growth at constant currencies is being forecast at 5-6%, compared with earlier guidance of 4-6%, while margins are still expected to modestly improve.
"We delivered good growth in Q3, at the upper end of our expectations," said chief executive Brian Cassin.
The North American division, which accounts for two-thirds of group sales, saw revenues at constant exchange rates rise 6%; the Latin American unit expanded revenues by 17%; while the UK and Ireland grew by 3%; and EMEA and Asia Pacific increased 8%.
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