Experian posted strong results this morning, where revenues grew 14%.
Organic revenue was up 11% and organic growth in B2B revenues was 6%.
“We now expect organic revenue growth for the full year to be in the range of 12-13%, with total revenue growth now expected in the range of 16-17%, at constant exchange rates. We continue to expect strong EBIT margin accretion, also at constant exchange rates,” said chief executive, Brian Cassin.
Commenting on the results, Steve Clayton, Hargreaves Lansdown select fund manager, said: “Overall, this is a strong report from Experian, but few were expecting anything else. So on a weak day for the wider market, following tumbles on Wall Street overnight, it was always going to be heavy going this morning.”
“Perhaps on a stronger day these numbers would have been better received. Instead the stock is drifting lower by a percent or so in early trading. But when sentiment picks up, Experian is likely to still be growing strongly, which rarely stays out of fashion for long.”
