Experian Plc Q3 Was at the Upper End of Our Expectations

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by Michael Susin

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Experian Plc said on Friday that organic revenue for the third quarter of fiscal 2022 grew 11% at constant exchange rates and 14% at real exchange rates, and raised its full-year guidance.

For the three months ended December 31, the FTSE 100 credit-reporting agency said overall revenue growth at constant exchange rates was 15%.

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The UK company said its North American business posted organic revenue growth of 13%. Overall revenue growth was 16%.

Experian said its Latin American business had organic revenue growth of 11% and total revenue growth of 21%.

In the UK and Ireland, its total revenue and organic revenue growth was 8%, while in Europe, the Middle East and Africa and Asia Pacific, its total revenue growth was 6%, while organic revenue was 0%.

For the year, Experian expects to report organic revenue growth of between 12% and 13% and total revenue growth of 16%-17%, all at constant exchange rates.

The company said on November 17 that it expected organic revenue growth of between 11% and 13% and overall revenue growth of 15%-17%, all at constant exchange rates.

“We continue to expect strong earnings before interest and taxes, even at strong exchange rates,” it said.

Write to Michael Susin at [email protected]

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