Experian expects good full-year profits

GLOBAL credit information group, Experian – which has its corporate headquarters in Dublin – expects to deliver good profits for its current fiscal year, despite its Irish and British divisions slowing its second-half performance.

Total revenue growth amounted to 3% for the six months to the end of March; while the company’s second-half revenues were up by 5% in its previous financial year.

Each of Experian’s international divisions (North America, Latin America and EMEA/Asia Pacific) saw positive movement in revenue during the second half; with the only exception being Britain and Ireland, which registered a 2% year-on-year fall.

Chief executive Don Robert pointed to a strong showing in Latin America and the return to revenue growth in the North American business as highlights of the period.

He said on the back of those developments, the group expects to post “good profit and cash outcomes” for the full year.

The group said that “despite the tough economic environment, [in Britain and Ireland] which continued to suppress client marketing budgets, new media channels performed well, helping to offset declines elsewhere”.

Experian’s full-year results are to be published next month.