Experian Fiscal Year Pretax Profit, Revenue Rose; 2022 Seen Stronger

By Sabela Ojea

Experian PLC reported Wednesday a rise in pretax profit linked to a reduction in net finance costs for fiscal 2021 and said that it expects to see significant revenue growth for the current financial year.

The consumer-credit reporting agency posted a pretax profit for the year ended March 31 of $1.08 billion after cutting net finance costs by $130 million. This compares with a profit of $942 million for the same period a year earlier.

Revenue rose to $5.37 billion from $5.18 billion for the year-earlier period.

The FTSE 100 listed company said it achieved total revenue growth of 7% for the whole year, as well as organic revenue growth of 4%.

Regarding its fourth-quarter organic revenue growth, Experian said that it saw growth of 5%, at the top end of its guidance range. Experian also expects to benefit from growth in the current financial year, seeing organic revenue growth in the range of 7% to 9% and total revenue growth in the range of 11% to 13%.

The board has declared an unchanged total dividend of 47.0 U.S. cents a share.

Write to Sabela Ojea at [e-mail]; @sabelaojeaguix

(END) Dow Jones Newswires

May 19, 2021 02:37 ET (06:37 GMT)

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