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Experian PLC on Tuesday said it delivered a financial third-quarter performance in line with expectations thanks to new products, new business wins and consumer expansion.
The consumer credit checker said organic revenue growth in the three months ended December 31 was 6% from a year prior, and total revenue growth was 7%.
The climbing revenue was due to 16% growth in Latin America and 5% growth in North America. Meanwhile, in UK & Ireland, quarterly organic revenue grew by 6%, while the Europe, Middle East & Africa & Asia Pacific region revenue increased by 1%.
For total revenue at actual exchange rates, Latin America was up 21% and North America was 5% higher, while UK & Ireland revenue was 7% lower, amid a 10% decline in EMEA & Pacific revenue.
Experian said, in Latin America, it benefited from acquisitions in consumer services and new bureaux in Chile and Panama, amid business-to-business revenue growth of 11% in the region.
North America constitutes 68% of the company’s revenue, Latin America 14%, UK & Ireland 12% and EMEA & Pacific 6%.
‘While pressures in the global economy are likely to continue for some time, we expect to remain resilient, supported by the delivery of our growth strategy and growth in countercyclical revenue streams,’ it said.
For financial year 2023, ending March 31, Experian left its expectations for revenue unchanged at growth between 8% and 10%.
The company will release its financial year 2023 results on May 17.
Experian shares were 1.0% lower at 2,926.00 pence each in London on Tuesday morning.
By Tom Budszus, Alliance News reporter
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