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Experian on track to reach full-year targets, seeing signs of market stabilisation

Published: 22:21 16 Apr 2009 AEST

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Credit information group Experian PLC said it expects to achieve its financial objectives for the full year as it reported on second half trading, adding it is seeing some signs of stabilisation in the financial services sector which it hopes will translate eventually into improved consumer lending activity.

In a trading update, Experian said it delivered good growth in the second half to end-March 2009.  At constant exchange rates, total revenue growth for the half was 5 percent, with organic revenue growth of 4 percent.

Chief executive Don Robert said: “For now, the environment (in the new financial year) remains fragile, and we continue to be cautious about the immediate outlook for organic revenue growth, which may soften in the first quarter. Our focus remains on harvesting growth opportunities, driving cost efficiencies and delivering strong cash flow."

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