# Experian grew strongly in Q1, in line with expectations

- Link: https://www.directorstalkinterviews.com/experian-grew-strongly-in-q1-in-line-with-expectations/4121072681
- Published: 2022-07-14T07:46:45+01:00
- Author: Amilia Stone

**[Experian plc](https://www.directorstalkinterviews.com/ftse-company/experian-plc/expn.l)**(
LON:EXPN), the global information services company, has issued an update on trading
for the first three months ended 30 June 2022.

> **Brian Cassin, Chief Executive Officer, commented:**
> “We grew strongly in Q1, in line with our expectations, underpinned by our portfolio
> diversity and growth initiatives. Total revenue growth was 7% at actual exchange
> rates and 9% at constant exchange rates. Organic revenue growth was 8%.
> “Our expectations for the full year are unchanged. We expect organic revenue growth
> in the range of 7-9%, total revenue growth in the range of 8-10% and modest margin
> accretion, all at constant exchange rates.”

**North America – 65% of Group revenue^(4)**

North America delivered organic revenue growth of 7%, with ongoing strength in bureau
volumes (excluding mortgage), good demand for analytics and software, expansion 
in the key verticals of health, targeting, automotive and verification services,
and continued momentum in Consumer Services. Respectively, growth was 5% and 13%
across B2B and Consumer Services. Total revenue growth was 8% including acquisition
contributions from verification services and from insurance marketplaces.

In B2B, our clients continue to invest in developing their digital platforms, helping
to drive growth across all major business units. In financial services most clients
continue to focus on new credit issuance and investment in their digital infrastructure.
Bureau volumes were strong, excepting mortgage. Our analytical and decisioning suite
performed well, with good demand for analytics, and growth in decisioning software
and across fraud and identity management. Our major verticals also performed robustly.

Consumer Services has started the year strongly, delivering growth of 13%. Our credit
marketplace performed very well, reflecting our ability to deliver large audiences
to our lending partners as our free membership base reached 55m. There was particularly
good growth in cards and loans, with strength in both demand and supply of credit.
As expected, paid membership was stable.

**Latin America – 13% of Group revenue****^(4)**

Latin America maintained its strong trajectory delivering organic revenue growth
of 18%. At constant currency, total revenue growth was 23%, including contributions
from acquisitions in fraud and identity management, and in Consumer Services, and
from our new bureau in Chile.

B2B organic revenue growth was 15%. In Brazil, bureau volume growth was strong, 
driven by client adoption of our positive data scores, features and attributes. 
The number of installations of Experian Ascend also increased and we continue to
see good take-up of our cloud-enabled decisioning platforms. We also saw growing
contributions from fraud and identity management, our small and medium enterprise
channel and our new agribusiness vertical.

Consumer Services delivered organic revenue growth of 42%. Free consumer memberships
in Brazil rose to 73m, whilst our credit collection marketplace Limpa Nome, and 
our credit comparison marketplace both performed strongly.

**UK and Ireland – 14% of Group revenue****^(4)**

Organic and total constant currency revenue growth in the UK and Ireland was 5%.

While the macroeconomic outlook in the UK has softened, our UK and Ireland B2B operations
have been resilient delivering organic growth of 6%. This reflects strong new business
traction and particularly good progress across our consumer credit, business credit
and fraud and identity management activities. Our clients continue to invest in 
new credit origination and bureau volumes have been good. We continue to progress
our innovation strategy, including rapid progress in building a new capability in
income and employment verification.

Organic revenue in Consumer Services was flat, with strong growth in transaction
volumes across our credit comparison marketplace, offset by moderation in our premium
subscription services as we lapped a strong prior year comparable. Free memberships
were 11m.

**EMEA/Asia Pacific – 8% of Group revenue****^(4)**

Organic revenue growth and total revenue growth at constant exchange rates across
EMEA/Asia Pacific was 1%. Overall performance was affected by weak macroeconomic
conditions in some markets. We continue to execute on our strategy to concentrate
on strategic markets where we can drive scale while also enhancing operating efficiency.

**Future events**

Experian will release its half year results on Wednesday, 16 November 2022.

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