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Experian posts 5% increase in third quarter organic revenue driven by North America

The FTSE 100-listed credit checking company said organic revenue from ongoing activities was up 5% in North America but was unchanged in UK and Ireland at constant exchange rates

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Experian said it expects its benchmark tax rate for the year ending March 31 to be unchanged from previous guidance

Experian PLC (LON:EXPN) has reported a 5% increase in third quarter organic revenue from ongoing activities at constant exchange rates and said it expects full-year organic revenue growth in the mid-single digits.

In a trading update for the quarter ended December 31, the FTSE-100 listed credit checking company said organic revenue from ongoing activities was up 5% in North America but was unchanged in UK and Ireland at constant exchange rates.

READ: Credit due: Experian up as a second broker upgrades to 'buy' ahead of trading update due next week

The company said it expects its benchmark tax rate for the year ending March 31 to be unchanged from previous guidance of between 26-27% after the latest US tax cut.

Brian Cassin, Experian’s chief executive officer, said: “Performance across our B2B* activities strengthened, and Consumer Services is making good progress in identity protection and credit comparison services. We are confident of further improvement as we move into our traditionally stronger final quarter.”

He added: “For the year as a whole we continue to expect organic revenue growth of mid-single digits, with stable margins and further progress in Benchmark earnings per share."

READ: Experian sees spike in enrolments after data breach at Equifax as it reports first half profit growth

Experian will release its results for the year ending 31 March 2018 on Thursday, 17 May 2018.

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LSE:EXPN
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Market Cap: £25.55 billion
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