Experian share price: Company releases Q3 results

on Jan 15, 2015
Updated: Oct 21, 2019

Experian Plc (LON:EXPN) has this morning updated the market on its third-quarter performance.

**Highlights from Experian’s statement:**
In the three months to 31 December 2014, total revenue from continuing activities was down 1%, at constant exchange rates growth was 2% and organic revenue was unchanged. The differences relate mainly to the acquisition of Passport Health Communications, Inc (Passport) and to foreign exchange translation effects relative to the US dollar.

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By business line, Credit Services delivered organic revenue growth of 6%, Decision Analytics delivered organic revenue growth of 1%, and there were declines in Marketing Services of 1%, and in Consumer Services of 12%.

Commenting on the performance, Brian Cassin, Chief Executive Officer, said:
“We made good progress in the quarter executing against our strategy, and for Q3 FY15 we delivered total revenue growth at constant exchange rates of 2%, while as expected organic revenue was unchanged. Our Credit Services business performed well, with strength across all regions, including our big markets in the US, Brazil and the UK. Our plans for transitioning North America Consumer Services are on track, and while it is early days, we’re encouraged by the market response to the major release of the Experian FICO product, which took place at the end of the quarter.
“Looking ahead, our expectations are unchanged. We are confident of our ability to return Experian to top-line growth as we exit the year, and for the full year to maintain margins (at constant currency), to deliver further good progress in Benchmark earnings (at constant currency) and to exceed 95% cash flow conversion.”
**More to follow…**
As of 07:09 GMT, Thursday, 15 January, Experian plc share price is 1,065.00p.


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