Experian released an ‘on track’ Q1 16 trading update and reiterated its guidance for FY16. While organic growth nudged above expectations at 3% (vs. 0% in Q1 15 and 3% in Q4 15), top-line at actual exchange rates was down 6% primarily impacted by the BRL depreciation. Organic growth came on the back of the strong performance of the Credit Services (+7% organically) and Decision Analytics (+9% organically) businesses, which continued to benefit from an improving lending environment
21 Jul 2015
Q1 on track
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Q1 on track
Experian PLC (EXPN:LON) | 3,267 163.3 0.2% | Mkt Cap: 30,007m
- Published:
21 Jul 2015 -
Author:
Vibha Issar -
Pages:
2
Experian released an ‘on track’ Q1 16 trading update and reiterated its guidance for FY16. While organic growth nudged above expectations at 3% (vs. 0% in Q1 15 and 3% in Q4 15), top-line at actual exchange rates was down 6% primarily impacted by the BRL depreciation. Organic growth came on the back of the strong performance of the Credit Services (+7% organically) and Decision Analytics (+9% organically) businesses, which continued to benefit from an improving lending environment