Experian share price: Group updates on first-quarter trading
Experian (LON:EXPN) has updated investors on its first-quarter performance this morning.
**Highlights from Experian’s statement:**
Commenting on the performance, Brian Cassin, Chief Executive Officer, said:
“We delivered organic revenue growth in Q1 of 5%. Notably, Credit Services and Decision Analytics have continued to grow strongly, reflecting strength in our core markets. In Consumer Services, we continue to execute on our strategy to diversify our business model and engage consumers through a full range of free and paid-for products.
“We are closely monitoring the possible implications of a UK exit from the European Union. While there is uncertainty as to how and when any exit will take effect, we continue to run our business as usual, and we have seen no significant adverse impact to trading in our UK business. As a global business with a diverse portfolio, we have a good track record of adapting to changing market conditions.
“Looking ahead, our guidance for the full year is unchanged. At a group level and at constant currencies, we expect organic revenue growth in the mid single-digit range and to deliver stable margins as we invest for growth. We also continue to expect further progress in Benchmark earnings per share.
“There continues to be considerable fluctuation in currency exchange rates and in the quarter sterling weakened and the Brazilian real strengthened, both relative to our reporting currency of the US dollar. If current exchange rates prevail through to the end of the year, we would expect a headwind to EBIT of approximately 1%, weighted to the first half.”
In the three months to 30 June 2016, total revenue growth was 5% at constant exchange rates and organic revenue was also up 5%. At actual exchange rates, total revenue from continuing activities was up 1% due to weakness in sterling and in the Brazilian real.
As of 07:04 BST, Thursday, 14 July, Experian plc share price is 1,463.00p.