Experian PLC expects strong quarterly growth after robust year
Good performance in North America and Latin America has offset weaker numbers in the rest of the world
PLC () said it expects first-quarter organic revenue to rise 15-20% as it builds on a robust year.
In the year to 31 March, the consumer credit reporting company recorded revenue growth of 7% and 9% respectively in North America and Latin America, though revenue in UK and Ireland and the rest of the world was down 6% and 14% respectively.
Strength in US mortgage volumes, Ascend, health and fraud and identity services helped to offset weaker conditions for unsecured credit origination, decisioning software and marketing expenditure by clients.
The credit score checking platform scaled its B2B segments and now has a total contract value for Ascend of US$374mln, while it makes progress with Experian One, CrossCore and Open Data.
Consumer services delivered 17% revenue growth in the year, with free consumer memberships rising by a quarter to 110mln.
Total revenue rose 4% to US$5.3bn, with profit before tax climbing 14% to US$1bn.
The second interim dividend of 32.5 US cents per ordinary share was flat compared to last year, bringing the full-year distribution to 47 US cents per share.
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