Experian says returns to positive growth in Q3
British credit information group Experian Plc said total revenue rose 12 percent in the third quarter, with organic revenue up 8 percent, as it returned to positive growth across all regions and principal activities.
The company, which provided data and analytical tools to clients in more than 90 countries, said its third quarter performance was driven by gradual recovery in its core markets.
"For the year as a whole our expectations are unchanged. We continue to expect similar rates of organic revenue growth to the first half, and we are targeting modest improvement in our EBIT margin," said chief executive Don Robert.
Segment-wise, organic revenue rose 7 percent at Credit Services, by 7 percent at Decision Analytics, by 11 percent at Marketing Services and by 9 percent at Interactive.
Region-wise, organic revenue growth was 7 percent in North America, 18 percent in Latin America, 4 percent in the UK and Ireland and 7 percent in EMEA/Asia Pacific.
Experian helps businesses to manage credit risk, detect fraud, target marketing offers and automate decision making. The company also helps individuals to check their credit report and score, besides protecting their identity from theft.
Shares of Experian, a constituent of FTSE 100 index, ended Monday's trading at 775.50 pence on the London Stock Exchange.
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