Experian reported FY16/17 results in line with our estimates. The lfl revenue growth came in at 4.0% (the same as our estimate; +5% lfl excluding the CCM business), driven by strong momentum in the B2B businesses (+7.0% yoy) – Credit Services (+6% yoy, c.55% of group revenue), Decision Analytics (+9.0%, c.14% of group revenue) and Marketing Services (+8.0%; c.10% of group revenue). However, the B2C business, Consumer Services, witnessed a 4% lfl decline (c.22% of group revenue), largely
16 Jun 2017
Decent results; innovation is the key
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Decent results; innovation is the key
Experian PLC (EXPN:LON) | 0 0 (-0.4%) | Mkt Cap: 31,034m
- Published:
16 Jun 2017 -
Author:
Nishant Choudhary -
Pages:
4
Experian reported FY16/17 results in line with our estimates. The lfl revenue growth came in at 4.0% (the same as our estimate; +5% lfl excluding the CCM business), driven by strong momentum in the B2B businesses (+7.0% yoy) – Credit Services (+6% yoy, c.55% of group revenue), Decision Analytics (+9.0%, c.14% of group revenue) and Marketing Services (+8.0%; c.10% of group revenue). However, the B2C business, Consumer Services, witnessed a 4% lfl decline (c.22% of group revenue), largely