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PRIVACY
Professional Services

Flat first quarter for Experian in º£½ÇÊÓÆµ but 'excitement' among bosses for the future

There has been an overall revenue boost across the company's portfolio

Experian is headquartered in Nottingham

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.