Trading update, Q2 revenue expectations revised

RNS Number : 2787Y

Experian plc

08 September 2020

 

news release

Trading update, second quarter revenue expectations revised
 

8 September 2020, 7am ─ Experian, the global information services company, today issues an update on its expectations for trading for the three months ending 30 September 2020 .

In July 2020, we stated that we expected organic revenue for Q2 FY21 would be in the range of flat to (5)% and that organic costs for the first half would be held broadly flat.

Following stronger trading in July and August, we today revise our Q2 FY21 expectations. We now expect Group organic revenue growth for the quarter to be in the range +3 to +5%, helped by further strength in US mortgage (which we expect will contribute +3 percentage points to growth in Q2), strength in the services we provide to consumers, as well as due to the naturally resilient qualities of parts of our portfolio.

With continued investment in our innovation agenda, we now expect organic growth in costs of between 2 and 3% for the first half.

Experian will release results for the first half ending 30 September 2020 on Tuesday 17 November 2020.

Contact:

Experian

Nadia Ridout-Jamieson   Investor queries     [phone]

Gerry Tschopp                           Media queries   

Finsbury

Rollo Head      [phone]

Jenny Davey  [phone]

This announcement is available on the Experian website at www.experianplc.com .

This announcement contains inside information. All financial information in this trading update is based on unaudited management accounts. Certain statements made in this trading update are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results referred to in these forward-looking statements.

Neither the content of the Company's website, nor the content of any website accessible from hyperlinks on the Company's website (or any other website), is incorporated into, or forms part of, this announcement.

About Experian

Experian is the world's leading global information services company. During life's big moments - from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers - we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.

We have 17,800 people operating across 45 countries and every day we're investing in new technologies, talented people and innovation to help all our clients maximise every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.

 

END

 

 

TSTLRMPTMTIMBAM