Experian 3Q Organic Revenue Grew; Raises Guidance

By Michael Susin

Experian PLC said Friday that organic revenue grew 11% at constant exchange rates and 14% at actual exchange rates in the third quarter of fiscal 2022, and raised its full-year guidance.

For the three months ended Dec. 31, the FTSE 100 credit-reporting agency said total revenue growth at constant exchange rates stood at 15%.

The U.K. company said its North American business had organic revenue growth of 13%. Total revenue growth was 16%.

Experian said its Latin American business had organic revenue growth of 11% and total revenue growth of 21%.

In the U.K. and Ireland, it had total revenue and organic revenue growth of 8%, while in Europe, Middle East, and Africa and Asia Pacific, it had total revenue growth of 6% while organic revenue was at 0%.

For the year, Experian expects to report organic revenue growth of between 12% and 13% and total revenue growth of 16%-17%, all at constant exchange rates.

The company had said on Nov. 17 that it expected organic revenue growth of between 11% and 13% and total revenue growth of 15%-17%, all at constant exchange rates.

"We continue to expect strong earnings before interest and taxes also at constant exchange rates," it said.

Write to Michael Susin at [e-mail]

(END) Dow Jones Newswires

January 14, 2022 02:37 ET (07:37 GMT)

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