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Experian third-quarter revenue rises, FY expectations backed

By Michele Maatouk

Date: Friday 17 Jan 2020

Experian third-quarter revenue rises, FY expectations backed

(Sharecast News) - Credit-checking firm Experian reported a 9% jump in total third-quarter revenue on Friday as backed its expectations for the year.
On an organic basis, revenue was up 7% in the third quarter.

A solid performance in North America and Latin America - where total revenues rose 11% and 19%, respectively - helped to offset declines in the UK and Ireland and EMEA/Asia Pacific. Experian said the North American performance reflected acquisition contributions from AllClear ID, MyHealthDirect and AutoID.

In the UK and Ireland, total revenue declined 3%, while EMEA/Asia Pacific saw a 1% drop.

However, revenues in Latin America grew 19%, reflecting the first-time contribution from the acquisition of Sentinel Peru.

RBC Capital Markets said: "We continue to like Experian on account of its defensive business model, above-average growth outlook and strong cash conversion. We continue to see upside potential given our above consensus forecast for organic growth and due to the incremental upside from the use of its balance sheet."

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