(Alliance News) - Experian PLC on Friday posted double-digit revenue growth in the third quarter of its financial year, with the credit checking firm raising annual guidance for the second time in two months.
Dublin-based Experian said third quarter results were at the upper end of expectations, with 14% revenue growth at actual exchange rates. Organic revenue growth was 11%.
"We now expect organic revenue growth for the full year to be in the range of 12% to 13%, with total revenue growth now expected in the range of 16% to 17%, at constant exchange rates. We continue to expect strong earnings before interest and tax margin accretion, also at constant exchange rates," commented Chief Executive Brian Cassin.
Experian's previous guidance for financial 2022, outlined in November, was for an organic revenue climb of between 11% and 13%.
Experian enjoyed generally buoyant trading across all regions. For the third quarter, North America delivered organic revenue growth of 13%, organic growth in Latin American revenue was 11% while the UK and Ireland saw organic and constant currency revenue growth of 8%. Organic revenue growth across EMEA/Asia Pacific was flat.
Shares in the company opened down 0.9% at 3,125.00 pence in London on Friday.
Experian will release annual results on May 18.
By Will Paige; willpaige@alliancenews.com
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Experian (EXPN)
