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15 May 2019 | 08:31

Experian beats estimates as organic revenue rises 9%

Experian delivered organic growth that edged market expectations on strong performances in its B2B and consumer services businesses. For the 12 months ended 31 March, pre-tax profits 7% $957m and organic revenue grew 9%, slightly above analysts' expectations for growth within a 5 to 8% range. Total revenue grew 6% to $4.86bn.

Consumer Services organic revenue grew 6% thanks to a rapidly growing new product portfolio. Total dividend for the year was up 4% to 46.5 US cents per ordinary share. Looking ahead, the company said it expected to deliver further strong performance in 2020, with organic revenue growth in the 6-8% range, Benchmark EBIT growth at or above revenue growth and strong progress in Benchmark earnings per share. 'This was a very good year for Experian. Our investment and innovation agenda delivered strong and broad-based growth with exciting new offers for consumers and businesses. We have strengthened our prospects and expanded our opportunities; both our B2B and Consumer Services businesses delivered strongly,' said Brian Cassin, Chief Executive Officer.

At 8:31am: (LON:EXPN) Experian PLC share price was -38.5p at 2170.5p

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