Experian Share Discussion Threads

[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!

[davenpd] 06/3/2013 23:46

just following the trend of the markets overall.
Solid investment here though!

[broadwood] 05/3/2013 15:18

What's going on?

[broadwood] 05/3/2013 14:05

Getting another nice pop.

[broadwood] 01/3/2013 15:49

Sprouted wings.

[davenpd] 01/3/2013 13:55

Nice spike today :-)

[broadwood] 08/2/2013 08:09

Bought in first thing.

[davenpd] 01/2/2013 17:40

All time high.......my investments are looking solid here!

[davenpd] 17/1/2013 13:18

up, up and away!!

[luderitz] 24/10/2012 18:50

Thanks MIATA.

[edwardt] 23/10/2012 08:57

happy days, just shows by quality and stick with it. i like the bit about earnigns accretive next year. sometimes it takes years for a deal to actually add to eps. evidently the city likes the deal as per the share price reaction.

[miata] 08/10/2012 10:37

Date Broker name New Price Old price target New price target Broker change
05-Oct-12 Credit Suisse Outperform 1,072.00p 990.00p 1,200.00p Upgrade
04-Oct-12 Jefferies Buy 1,056.00p 1,060.00p - Reiteration
11-Sep-12 Seymour Pierce Reduce 1,013.00p - - Reiteration

[luderitz] 26/9/2012 10:54

Pretty please? 0_:

[luderitz] 24/9/2012 10:01

johnrxx99, If you are still around, Can you put a Volumes chart up for EXPN in your header post please?

[shuisky] 05/8/2012 21:50

Interesting article with the relevance to Experian

[davenpd] 19/7/2012 11:49

Nicely back up on the rise again :-)

[imperial3] 14/5/2012 08:24

Relief that their business is not dependent on Europe.

[davenpd] 11/5/2012 14:02

Big loss on PriceGrabber sale.

[imperial3] 10/5/2012 08:39

Do not understand markdown,growth story still there.