Experian 1st Half Performance Was Resilient, Driven by North America, Brazil
November 17 2020 - 2:50AM
Dow Jones News
By Sabela Ojea
Experian PLC on Tuesday reported a fall in pretax profit for the
first half of fiscal 2021 and said that its performance for the
period was resilient, marked by organic revenue growth at the top
end of its guidance for the second quarter.
The FTSE 100 credit-reporting agency posted a pretax profit of
$458 million for the six months ended Sept. 30, compared with $480
million for the same period a year earlier.
Benchmark earnings before interest and taxes decreased to $648
million from $670 million for the year-earlier period. Benchmark
EBIT in North America--the company's core region--increased to $610
million from the previous $544 million.
Revenue declined slightly to $2.49 billion from $2.50 billion.
The company said that the standout performance across the group was
the consumer services division, which has nearly 100 million free
memberships.
"The drivers of growth stemmed largely from North America and
Brazil which offset COVID-19 related declines in other territories.
For the third quarter we expect organic revenue growth in the range
of 3% to 5%," Chief Executive Brian Cassin said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 17, 2020 02:35 ET (07:35 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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