Information services firm Experian has reported no revenue growth in its º£½ÇÊÓÆµ and Ireland division for the first quarter of the year.
A trading update shows a flat first three months in constant currency, with a fall of six percent in actual exchange rates in the quarter to June 30, .
But the group has posted revenue growth of seven percent in constant exchange rates for the reporting period across its overall portfolio, with strong figures in North America and Latin America.
CEO Brian Cassin said: “We have started the year well and in line with our expectations. Q1 total revenue growth was seven percent at constant exchange rates and organic revenue growth was six percent.
"At actual exchange rates total growth was four percent. We are excited about our prospects and for the year ahead our guidance is unchanged.”
Across its B2B network in the first three months, Experian posted a nine percent growth in revenue in data in the º£½ÇÊÓÆµ and Ireland, which it says has reflected favourable credit volume trends and strength in pre-qualification services.
The company says it has also benefited from new product innovations and affordability services.
But it also saw a decline in decisioning (13 percent), which has been put down to strong final three months in 2018 when a number of large contracts were secured.
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This has led to a one percent decline in the º£½ÇÊÓÆµ and Ireland overall for B2B, but strong growth in other regions has led to an overall six percent growth.
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Elsewhere, the company did report a one percent revenue boost in consumer services in the º£½ÇÊÓÆµ and Ireland.
The report stated: "Free memberships are growing strongly, reaching 6.1 million by the end of the quarter, and this gave rise to very strong growth in CreditMatcher, our comparison service.
"We also saw some softening of the decline in credit monitoring revenue as some free members upgraded to paid-for premium services."
The group reported overall revenue of $4.861 billion (US) in the last financial year, six percent up on $4.584 billion in 2018. Profit before tax jumped one percent from $950 million in 2018 to $957 million this year.
There was a small dip in profits in the º£½ÇÊÓÆµ and Ireland, however.
Experian employs 16,000 people globally and was founded by a group including Sir John Peace more than 30 years ago. Sir john stepped down as chairman in 2010 and now chairs the Midlands Engine, the group set up in 2015 to encourage investment in the region.