Experian Sees Fiscal Year 2019 Organic Growth at Top of Guidance After Strong 1st Half
13 November 2018 - 7:08PM
Dow Jones News
By Adam Clark
Experian PLC (EXPN.LN) said Tuesday that it expects fiscal 2019
organic growth to be at the top end of previous guidance after a
strong first half.
The FTSE 100 credit-reporting agency said its revenue for the
six months to Sept. 30 rose 7% to $2.36 billion, up 8% on an
organic basis. Experian said its expects full-year organic revenue
growth in line with the first half, and at the top of its previous
guidance.
Experian's pretax profit fell 5% to $470 million from the
year-earlier half, which the company said was primarily due to
foreign-exchange losses. Benchmark earnings before interest and
taxes rose 7% to $649 million. Experian said it expects EBIT growth
at or above its revenue growth rate for the full year.
In Experian's core North American market, benchmark EBIT rose
20% to $492 million for the half, more than offsetting declines in
Latin America and the U.K.-and-Ireland segments.
The company raised its interim dividend by 4% to 14 cents.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
November 13, 2018 02:53 ET (07:53 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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