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Experian PLC on Tuesday reported revenue increases across all regional markets, with particularly promising results from Latin America, putting the consumer credit checker on track for further growth throughout 2024. Total revenue was up 9% in the three months that ended December 31, or 7% at constant exchange rates, with organic growth up 6%. In North America, which accounts for 67% of the group’s total revenue, Experian reported a 6% increase at actual currency rates. In the UK and Ireland, revenue rose 9%, while revenue in Europe, the Middle East and Africa was up 8%, both at actual rates. These figures were at the ‘upper end’ of Experian’s expectations, said Chief Executive Officer Brian Cassin. Experian didn’t provide actual revenue figures, only percentage changes. Progress was especially prominent in Latin America for Experian. This is the Dublin-based company’s second-largest market, comprising 15% of the company’s revenue. Experian saw revenue growth of 25% in the region over the three months, or 17% at constant rates. Looking ahead, Experian said it expects organic revenue growth of between 5% and 6% for the full year, alongside ‘modest margin accretion’, both at constant rates. Experian will release its full results for the financial year ending March 31 on May 15. Shares in Experian were up 3.2% at 3,225.00 pence each in London on Tuesday morning. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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