Experian reported flat year-on-year revenues in its UK and Ireland markets for the three months to December 2017.
A 5% growth in revenues for B2B was offset by a 15% fall in consumer services. The results were subpar compared to global group results, which reported 8% growth in B2B and a more moderate 5% fall across consumer services.
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In B2B, growth was mainly led by consumer information, credit check and fraud prevention services. Additionally, the company had “sizeable new business wins” with
PowerCurve Collections, a suite of services for debt recovery.
In the consumer services segment, revenues from credit monitoring subscriptions continued to fall. These were partly offset by strong growth in brokerage portal CreditMatcher, whose panel of lenders includes Santander, Virgin Money and Hitachi among others.
Brian Cassin, chief executive officer of Experian, said: “We made good progress during our third quarter … Performance across our B2B activities strengthened, and [the] consumer services [division] is making good progress in identity protection and credit comparison services.
“We are confident of further improvement as we move into our traditionally stronger final quarter. For the year as a whole we continue to expect organic revenue growth of mid-single digits, with stable margins and further progress in benchmark earnings per share.”
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By GlobalData
