16.01.2024 08:23:19 - dpa-AFX: Experian Plc Now Sees FY Organic Revenue Growth To Be 5%-6%
DUBLIN (dpa-AFX) - Global information services company Experian plc
(EXPN.L), on Tuesday, issued an update on trading for the three months ended 31
December 2023 and reported that it has delivered good growth in Q3, at the upper
end of its expectations.
Q3 revenue was up 9% at actual exchange rates from ongoing activities and 7% at
constant exchange rates, with organic revenue growth of 6%.
In the third quarter, North America delivered a 5% increase in organic revenue
growth. The total revenue growth was 6%, which includes the contribution from a
recent acquisition in the health sector that was completed during the quarter.
Meanwhile, Latin America demonstrated a 13% growth in organic revenue. At
constant currency, the total revenue growth was 17%, which also includes
contributions from recent acquisitions.
The UK and Ireland saw a 3% increase in organic revenue growth, which was also
reflected in the total constant currency growth at a rate of 3%. In EMEA and
Asia Pacific, the organic revenue growth was 7%, while the total constant
currency revenue growth was 8%. There was significant progress in several key
markets, such as Australia, India, and Italy, the company added.
For FY24, the company currently expects full-year organic revenue growth to be
between 5% and 6%, with modest margin accretion, all at constant exchange rates
and on an ongoing basis.
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