Experian hits its growth targets

15th Jan 2010 07:04

Latin America was once again a bright spot for credit checking firm Experian, which saw underlying organic revenue growth of 1% in the last three months of 2009, but the group remains cautious on the outlook for the UK.The UK & Ireland saw revenue dip 3% on a constant currency basis in the third quarter of the company’s financial year, while organic growth was negative, at -2%.North American revenues were flat, which equates to a 1% contraction on an organic basis.Latin America’s revenue soared 16% on a constant currency (cc) basis, while Europe, Middle East, Africa and Asia saw revenue improve 7% year on year on a cc basis, with organic revenue growth coming in at 1%.‘I am pleased to announce that Experian delivered growth in line with our expectations during the third quarter. At constant exchange rates, total revenue growth for the quarter was 2%, with organic revenue growth of 1%,’ said Don Robert, chief executive officer of Experian.‘For the fourth quarter, we expect modest improvement in organic revenue growth. For the year as a whole we remain on track to grow profits at constant currency and deliver strong free cash flow,’ Robert added.