Experian’s FY20/21 results were ahead of headline figures. Revenue grew c.4% (in organic terms), led by the robust mortgage refinancing activity in the US and demand for consumer services in the US and Brazil. Adjusted EBIT was largely flat and the dividend was kept unchanged. Nevertheless, share repurchases were resumed. For FY21/22, management guides for 7-9% organic revenue growth and “strong EBIT margin accretion”. Overall, our estimates should reset higher, but the upside is likely to be li ....
19 May 2021
FY20/21 underpinned by strong US mortgage and B2C momentum
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY20/21 underpinned by strong US mortgage and B2C momentum
Experian PLC (EXPN:LON) | 3,266 -359.3 (-0.3%) | Mkt Cap: 30,002m
- Published:
19 May 2021 -
Author:
Vansh Mehta -
Pages:
3
Experian’s FY20/21 results were ahead of headline figures. Revenue grew c.4% (in organic terms), led by the robust mortgage refinancing activity in the US and demand for consumer services in the US and Brazil. Adjusted EBIT was largely flat and the dividend was kept unchanged. Nevertheless, share repurchases were resumed. For FY21/22, management guides for 7-9% organic revenue growth and “strong EBIT margin accretion”. Overall, our estimates should reset higher, but the upside is likely to be li ....