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Experian issues trading update

By CreditMan Friday, July 17, 2015

Experian, the global information services company, has issued an update on trading for the three months to 30 June 2015.

Commenting on the performance, Brian Cassin, Chief Executive Officer, said:

“We’ve made an encouraging start to the year, with Group organic revenue growth of 3%. We saw good progress in software and analytics, fraud and identity management, consumer and business information and continued improvement in Brazil. In North America, we’ve seen strength in Credit Services helped by growing contributions from healthcare and automotive. We’re also making considerable progress in turning around Consumer Services as we build the brand. Revenue from was up 20% in the quarter, in response to our enhanced consumer proposition.

“Looking ahead, our full year expectations are unchanged. We continue to expect organic revenue growth to progress during the year as we focus on our growth initiatives and as declines moderate in North America Consumer Services in H2. While foreign exchange remains a headwind, we expect margins for the year to be stable and to deliver progress in Benchmark earnings per share, both at constant currency.”