Experian takes credit for strong quarter

18th Jan 2011 07:43

Credit checking company Experian enjoyed double-digit revenue growth during its third quarter as performances overseas put the UK & Ireland in the shade.Revenue both on an actual basis and at constant exchange rates was up 12% in the three months to 31 December, with organic growth at 8%.Latin America was the standout performer. Revenue at actual exchange rates jumped 24% and by 18% at constant currency. Organic growth was an impressive 18%.North America grew 13%, or 7% organic, while EMEA/Asia Pacific added 14% at constant currency and organic growth of 8%.Progress was much slower progress in the UK & Ireland though where revenue at constant exchange rates was 4%, matched by growth in organic revenue. At actual FX rates, the increase was just 1%."We have now returned to positive growth across all regions and principal activities," said chief executive Don Robert. "Our performance was driven by delivery against our strategy and helped by gradual recovery in our core markets." Expectations for the year are unchanged. Organic revenue growth is seen at similar rates to the 7% reported for the first half, while EBIT margin should show a "modest" improvement.