Experian’s quarterly revenue increase, supported by Latin America

(Alliance News) – Experian PLC said on Tuesday it delivered its third-quarter financial performance in line with expectations, thanks to new products, new business wins and expanded consumption.

The Consumer Credit Auditor said organic revenue growth in the three months ended Dec. 31 was 6% year-over-year, and total revenue growth was 7%.

The increase in revenue is due to growth of 16% in Latin America and 5% in North America. Meanwhile, quarterly organic revenue in the UK and Ireland increased 6%, while revenue in EMEA and Asia Pacific increased 1%.

For total income at real exchange rates, Latin America increased by 21% and North America by 5%, while income for the United Kingdom and Ireland decreased by 7%, in the context of revenue declines of 10% in the EMEA and Pacific region.

Experian said it benefited in Latin America from consumer services acquisitions and new offices in Chile and Panama, as part of 11% B2B revenue growth in the region.

North America accounts for 68% of the company’s turnover, Latin America 14%, the United Kingdom and Ireland 12%, and EMEA 6%.

“While pressures on the global economy are likely to remain for some time, we expect to remain resilient, supported by the implementation of our growth strategy and increased counter-cyclical revenue streams,” he said.

For the 2023 fiscal year, which ends March 31, Experian left its revenue forecast unchanged, growth of between 8% and 10%.

The company will report its results for the 2023 fiscal year on May 17.

Experian shares fell 1.0% to 2,926.00 pence in London on Tuesday morning.

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By Tom Podzus, Alliance News correspondent

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