Experian reported H1 FY24 results largely in line with the consensus and our estimates. Revenue increased by 5% yoy with growth across all regions and businesses. The EBIT margin improved by 20bps underpinned by productivity initiatives. The management reiterated the outlook for FY23/24, providing reassurance to the market (share price up >6% at the time of writing). We do not expect to make significant changes to our estimates and retain our positive recommendation.

15 Nov 2023
Sustained demand in North America drives the H1 performance; FY24 outlook confirmed

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Sustained demand in North America drives the H1 performance; FY24 outlook confirmed
Experian PLC (EXPN:LON) | 3,804 -266.3 (-0.2%) | Mkt Cap: 34,932m
- Published:
15 Nov 2023 -
Author:
Nupur Gupta -
Pages:
3 -
Experian reported H1 FY24 results largely in line with the consensus and our estimates. Revenue increased by 5% yoy with growth across all regions and businesses. The EBIT margin improved by 20bps underpinned by productivity initiatives. The management reiterated the outlook for FY23/24, providing reassurance to the market (share price up >6% at the time of writing). We do not expect to make significant changes to our estimates and retain our positive recommendation.