New results from Experian have shown a rise in revenues by 14.%
News from the group found that B2B revenues grew 6% whilst organic revenues jumped 11%
Brian Cassin, the chief executive, said:“We now expect organic revenue growth for the full year to be in the range of 12-13%, with total revenue growth now expected in the range of 16-17%, at constant exchange rates. We continue to expect strong EBIT margin accretion, also at constant exchange rates.”
Steve Clayton, Hargreaves Lansdown select fund manager, said: “Overall, this is a strong report from Experian, but few were expecting anything else. So on a weak day for the wider market, following tumbles on Wall Street overnight, it was always going to be heavy going this morning.”
“Perhaps on a stronger day these numbers would have been better received. Instead the stock is drifting lower by a percent or so in early trading. But when sentiment picks up, Experian is likely to still be growing strongly, which rarely stays out of fashion for long.”