Experian Share Discussion Threads

[mj19] 06/11/2013 09:54

merrill cut to neutral on valuation

[mj19] 06/11/2013 09:52

jefferies cut to hold

[rogue trader3] 10/10/2013 16:42

Added a few here for a trade up to 1240

[imperial3] 20/8/2013 16:22

Why the weakness,anyone know?

[davenpd] 05/8/2013 13:39

Hope no-one sold....still climbing steadily here and I continue to hold.

[mj19] 12/7/2013 07:55

Canaccord are the broker that says sell!

and yes its dropping!

[mj19] 12/7/2013 07:54

Experian reports solid revenue growth in first quarter to June
StockMarketWire.com
Financial information group Experian said in the first quarter to end-June total revenue from continuing activities increased by 7% at constant exchange rates up 5% at actual exchange rates. Organic growth was 7%.

The difference mainly reflected depreciation of the Brazilian Real relative to the US dollar.

Three of the four global business lines performed strongly, with organic revenue growth of 8% in Credit Services, 10% in Decision Analytics, and 8% in Consumer Services. Organic revenue growth in Marketing Services was 2%.

Don Robert, CEO, said: "We are pleased with performance in the first quarter, which benefited from on-going execution of our growth strategy, enabling us to outpace economic growth in the main regions in which we operate. Total revenue growth was 7%, at constant exchange rates, and organic revenue growth was also 7%.

"As we look ahead, we continue to expect the strength and balance of our portfolio to support premium growth, notwithstanding recent civil unrest in Brazil which has affected some consumer-facing sectors. For the full year, we continue to expect mid-to-high single-digit organic revenue growth, modestly improved margins (at constant currency) and cash flow conversion of at least 90%."

North America

At constant exchange rates, total and organic revenue growth in North America was 6%.



Credit Services performed strongly, with organic revenue growth of 9%. This reflected good growth across the key investment areas of automotive, business information and healthcare payments, while new contract wins in the public sector also contributed. There was a good performance also in consumer information, with strength in prospecting offsetting some tail-off in mortgage-related activity. Decision Analytics performed well, up 10% organically, driven mainly by new software deployments. Organic revenue growth in Marketing Services was 3%. Client reception for the new cross-channel marketing products has been healthy, and the pipeline is building. Organic revenue growth in Consumer Services was 3%. The affinity (white label) channel performed well. Direct-to-consumer was down slightly.

Latin America

At constant exchange rates, total and organic revenue growth in Latin America was 10%.

Organic revenue growth in Credit Services was 9%, with strong performances across Brazil, Colombia and Peru. While economic conditions in Brazil remained weak during the period, the group delivered good growth across both consumer and business information, with progress in the financial services vertical, as well as across newer customer segments. There was significant progress in Decision Analytics across the region, up 81% organically, reflecting uptake of credit risk software products, as well as increased penetration of new fraud prevention services. Marketing Services declined 7%, primarily reflecting the phasing of one-off data contracts in Brazil and some weakness in document outsourcing in Colombia.

UK and Ireland

At constant exchange rates, total and organic revenue growth in UK and Ireland was 7%.

Credit Services delivered organic revenue growth of 3%, reflecting some improvement in transactional volumes across the financial services sector, as well as growth across key new customer segments, including utilities, telecommunications and the public sector. Organic revenue growth for Decision Analytics was 2%, led by good demand for fraud and identity management services. Marketing Services revenue declined 1%. The email marketing business performed well, as did data services, helping to offset slight moderation in contact data management. Consumer Services delivered very strong growth, with organic revenue up 30%, as product enhancements drove further membership growth and improved retention rates.

EMEA/Asia Pacific

At constant exchange rates, total revenue growth for EMEA/Asia Pacific was 4%. Organic revenue growth was 3%.

Organic revenue for Credit Services was flat. Strength in business information in China and Singapore offset modest declines in some of our Continental European bureaux. Actions to refocus Decision Analytics are delivering good results. Marketing Services delivered organic revenue growth of 6%, with good demand for digital services in Asia Pacific helping to offset weaker conditions in Europe.

Financial position

During the quarter, Experian signed new bank facilities totalling $875m with maturities of between two and three years. Other than as disclosed, there has been no change since 31st March 2013 to Experian's general financial position, which remains strong, and no material change to Experian's trading position to the date of this statement.

Experian will hold its AGM on 17th July 2013 and release its half-yearly financial report on 6th November 2013.

[cisk] 12/7/2013 07:53

Broadwood, I wouldn't put much strength in what Canaccord say. They get it wrong so often it's not really worth listening to them.

[broadwood] 12/7/2013 07:34

Statement is confident enough. Have CG made too much of the Brazil weakness?

Market will soon tell us.

Experian said in the first quarter to end-June total revenue from continuing activities increased by 7% at constant exchange rates up 5% at actual exchange rates. Organic growth was 7%. The difference mainly reflected depreciation of the Brazilian Real relative to the US dollar. Three of the four global business lines performed strongly, with organic revenue growth of 8% in Credit Services, 10% in Decision Analytics, and 8% in Consumer Services. Organic revenue growth in Marketing Services was 2%. Don Robert, CEO, said: "We are pleased with performance in the first quarter, which benefited from on-going execution of our growth strategy, enabling us to outpace economic growth in the main regions in which we operate. Total revenue growth was 7%, at constant exchange rates, and organic revenue growth was also 7%. "As we look ahead, we continue to expect the strength and balance of our portfolio to support premium growth, notwithstanding recent civil unrest in Brazil which has affected some consumer-facing sectors. For the full year, we continue to expect mid-to-high single-digit organic revenue growth, modestly improved margins (at constant currency) and cash flow conversion of at least 90%

[mj19] 11/7/2013 17:19

Date: Thursday 11 Jul 2013

LONDON (ShareCast) - Experian's quarterly results on Friday are likely to reflect a softening in the growth of demand in Brazil, according to analysts.

The global information group - which includes a blend of services such as business process outsourcing, software and IT, media and consumer internet - will report on the three months to end of June.

The majority of the FTSE 100 firm's Latin American unit contributes to two fifths of the group's organic revenue growth and is the highest margin division in the group.

Based on this, Canaccord Genuity said it believes the group appears to be in jeopardy as a result of economic weakness in Brazil.

"We are cutting estimates to reflect Brazilian Real weakness and our view that demand growth in Brazil is set to soften," the broker said in a note last Thursday.

"We reduce our fiscal year 2014 and 2015 earnings per share to $0.90 and $0.98 resulting in our forecasts being 7.0% and 8.0% below consensus."

Experian's Brazilian organic growth anticipated for 2014 of 8.0% has been gutted by sharp weakness in the Brazilian Real/ dollar rate – down by 10% since the company's March year-end.

For the year to March 2013, Experian reported revenue growth of 10% and saw operating margins expand by 40 basis points to 26.6% which led to earnings growth of 9.0%.

Free cash flow rose by 4.0% to $970m and net debt stood at $2.9bn

[broadwood] 09/7/2013 07:17

Deutsche Bank Experian PLC 09/07/2013 Reiterates Buy Buy 0 1,200.00 1,300.00 1,174.00 100 2

[ceohunter] 07/6/2013 15:55

video interview
SVM Asset Management remains 'fully invested'

Colin McLean, CEO and founder of SVM Asset Management, explains to Proactiveinvestors that there's been growing support for the equity markets since Mario Draghi, the ECB President, said last year that the central bank 'would do what it takes' to support the eurozone. Colin highlights the tech sector as one of interest where he talks about: Iomart Group, Escher Group and Earthport. Bluechips he mentions include Experian, Burberry and BT Group.

hxxp://www.proactiveinvestors.co.uk/companies/stocktube/2036/svm-asset-management-remains-fully-invested-2036.html

[broadwood] 09/5/2013 19:45

Increase in ID fraud boosts Experian's revenues
Experian, best known for running consumer credit checks for banks, has reported a strong rise in revenues, boosted by factors that were not necessarily good for others but were good for the company, such as identity fraud.
Large companies are finally addressing their poor payment practices towards suppliers, according to an analysis by Experian.
Don Robert, chief executive at the world's biggest credit data company, said an increase in identity fraud had been a driver of growth, as had an increase in regulation for institutions, such as banks.

Don Robert, chief executive at the world's biggest credit data company, said an increase in identity fraud had been a driver of growth, as had an increase in regulation for institutions, such as banks, which have cut back on lending and become more selective on who can borrow since they were forced to increase their levels of capital.


"Some things that have not been good for other people have been for us," he said.

Using complicated algorithms, Experian is able to spot when an identity fraud may be occurring, if, for example, a purchase is flagged as being out-of-the-ordinary from the person's buying history.

Experian specialises in sifting through would-be customers' credit histories, trying to work out if they are reliable enough to pay back their loans or not. Credit checking accounts for 47pc of the FTSE 100 company's revenues.

"A rising appetite on the part of the consumers also contributed, as they want to control their personal data and to understand who has been trying to access it," he added.

In its annual results released on Thursday the company reported a 7pc rise in its annual earnings before interest and tax to $1.25bn (£806.4m) for the year to March 31, in line with analyst forecasts.

Experian, which holds credit information on more than 740m consumers and 70m businesses worldwide, also reported 8pc organic growth, with strong performances from North America and Latin America, where there is strong demand for its fraud and identity theft products.

Mr Robert said the company was looking to replicate that organic growth again this year with a mid to high single-digit increase.

The company also reported that it plans to buy back $500m shares over the next 12 months, including as much as $170m to pay for employees share plans that are due to vest.

"Although only 3pc of market capitalisation, we believe [the buy back] conveys the message that management are more conscious of shareholder value and less likely to pursue M&A outside the core, on which the group's track record is mixed," said Bank of America Merrill Lynch analyst Andrew Ripper.

JPMorgan Cazenove said that while the company had a "number of good structural opportunities", the main drawback was the share price, which is at an all time high.

"However, we think the better organic revenue, margin and buyback should send the shares higher."

Experian also announced a second interim dividend of 24 US cents a share, payable on July 19. This takes the final dividend for the year to 34.75 US cents a share, up 9pc on the previous

[broadwood] 09/5/2013 16:05

Congrats both - you must be seriously rich now.

I'm a relative newbie here but very happy nevertheless.

[imperial3] 09/5/2013 13:40

I have also held these when they were spun off from GUS.

[gj2] 09/5/2013 13:37

The quieter the better it seems. Impressive results yet again. Have held since Nov 2006 & intend to stay a holder.

[imperial3] 09/5/2013 11:59

These results underline the growth story of this company.Incidentally this must be one of the quietest boards,I have come across.

[broadwood] 09/5/2013 09:06

UK stocks have moved into the blue following small losses just after the 'opening bell.' Traders were caught somewhat off-guard by the higher than expected consumer price data out in China overnight. The country´s CPI gained at a 2.4 per cent clip in April, well above the previous month´s gain of 2.1 per cent. For their part economists at Nomura had this to say: "We expect it [CPI] to rise further over the next several months." No changes are expected to be decided upon at today´s Bank of England policy meeting. UK industrial production figures will also be forthcoming at 09:30. Spain´s Treasury will issue up to 4.5bn euros in medium and long-term debt this morning, which may help to set the tone for other asset classes. Shares of credit checking colossus Experian are the tip of the spear for advancers on the benchmark index on Thursday. The company has delivered full year results showing sales growth across all its global markets, with Latin and North America leading the way. Total group revenue came in at 4.7bn dollars, compared to 4.5bn dollars in 2012. FTSE 100 flat at 6.583.

[broadwood] 09/5/2013 08:28

Credit checking colossus Experian delivered full year results showing sales growth across all its global markets, with Latin and North America leading the way.

In the year to end-March, Dublin-headquartered Experian grew revenues from continuing activities 6.0% to $4.7bn, with earnings before interest and tax up 7.0% to $1.25bn.

With a final dividend of 24 cents, the group increased its full-year dividend 9.0% to 34.75 cents and announced a further share repurchase programme.

Chief Executive Don Robert hailed a strong performance and said the group met or exceeded its core financial objectives and made good progress strategically.

"Our global growth programme is growing in scale and momentum, positioning us strongly for the future and helping us to withstand economic headwinds in some of our markets."

Despite economic headwinds in some markets, the global growth programme saw all regions produce organic revenue growth, led by Latin America's 14% and 7.0% in North America.

Experian blamed weak conditions in Europe and some parts of Asia Pacific for low growth of 3.0% in those regions, where it has looking to improve operating efficiency and push into markets showing growth potential such as Turkey and Russia, with a new credit bureau launched in Australia.

UK and Ireland grew 5.0%, with performance strengthening as the year progressed. The Consumer Services business expanded more than 20% as new features were introduced, while there was a return to growth across Credit Services, which helped offset a decline in the marketing business.

Segmentally, all four business lines advanced, with both Credit Services and Consumer Services ahead 9.0% and both Decision Analytics and Marketing Services progressing 6.0%.

The most significant product contributors to growth were fraud and identity management and telecommunications, while geographic expansion was notably made in Colombia and Russia.

Although earnings before interest and tax (EBIT) conversion into operating cash flow was 94%, exceeding the target 90%, net debt increased by $1.1bn to $2.9bn by year end mainly due to acquisition expenditure from the purchase of a further interest in Brazilian firm Serasa.

The acquisition was completed during the year of a further 29.6% interest in Serasa to take the group's total holding to 99.6%, and contributing to Brazil being a key performance driver, with clients added in new customer segments and a range of new products introduced.

For the year ahead, Robert said: "We aim to deliver further premium growth, and look for mid to high single-digit organic revenue growth, modestly improved margins - at constant currency - and cash flow conversion of at least 90%."

OH

[broadwood] 09/5/2013 08:03

Strong statement as expected. Market very pleased.

[broadwood] 09/5/2013 07:32

Financial information company Experian said today benchmark profit before tax was up 6% at $1.195bn in the year to end-March on revenues up 10%.

Strategic highlights

· Strong FY13 performance; considerable strategic progress with our global growth programme gaining momentum and delivering strong results.

· Notable performances from North America and Latin America, particularly in Credit Services, and from Consumer Services in the UK&I.

Financial highlights

· Revenue from continuing activities up 10%, at constant exchange rates. Organic revenue growth of 8%. Total revenue from continuing activities up 6%. Total Group revenue of US$4.7bn (2012: US$4.5bn).

· Strong margin progression. EBIT margin from continuing activities up 40 basis points to 26.6%. EBIT from continuing activities up 13%, at constant exchange rates. Total EBIT from continuing operations of US$1,253m up 7%.

· Profit before tax from continuing operations of US$440m (2012: US$689m), after an IFRS charge of US$558m (2012: US$325m) from the movement in the Serasa put option.

· Benchmark profit before tax of US$1,195m, up 6%. Benchmark EPS of 85.7 US cents, up 9%. Basic EPS from continuing operations of 25.2 US cents (2012: 66.8 US cents).

· Net debt of US$2,938m at 31 March 2013. 94% conversion of EBIT into operating cash flow.

Shareholder returns · Second interim dividend of 24.00 US cents per ordinary share, to give full-year dividend of 34.75 US cents per ordinary share, up 9%.

· Plan to initiate a share purchase programme totalling US$500m over the next 12 months (inclusive of share purchases in respect of employee share plans that vest).

Don Robert, CEO, commented: "Experian performed strongly last year. We met or exceeded our core financial objectives and made good progress strategically. Our global growth programme is growing in scale and momentum, positioning us strongly for the future and helping us to withstand economic headwinds in some of our markets. For the year ahead, we aim to deliver further premium growth, and look for mid to high single-digit organic revenue growth, modestly improved margins (at constant currency) and cash flow conversion of at least 90%."

[imperial3] 04/4/2013 11:02

Timbo slice.I do not understand you. What jpm note and crda?? please explain.

[timbo_slice] 03/4/2013 21:35

Read the jpm note like the company not sure if there is another ~20% to the upside but always like to follow the trend especially upside in a down mkt(read note or see crda) however always like to have a look any sensible advice re Expn to a first time buyer. I am brave enough to give it a miss.

[davenpd] 08/3/2013 18:08

Up nicely!