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Experian Plc

Experian plc Investment and innovation agenda delivered strong & broad-based growth

Experian plc (LON:EXPN) , the global information services company, today issued its financial report for the year ended 31 March 2019.

Brian Cassin, Chief Executive Officer, commented:

“This was a very good year for Experian. Our investment and innovation agenda delivered strong and broad-based growth with exciting new offers for consumers and businesses. We have strengthened our prospects and expanded our opportunities; both our B2B and Consumer Services businesses delivered strongly. With another year of continued investments, FY20 is expected to deliver further strong performance, with organic revenue growth in the 6-8% range, Benchmark EBIT growth at or above revenue growth and strong progress in Benchmark earnings per share.”

Benchmark and Statutory financial highlights

2019
US$m

20182
US$m

Actual rates growth %

Constant rates growth %

Organic growth %

Benchmark¹

Revenue – ongoing activities

4,855

4,572

6

9

9

Revenue

4,861

4,584

6

9

n/a

Benchmark EBIT – ongoing activities3

1,306

1,241

5

10

n/a

Total Benchmark EBIT

1,311

1,247

5

10

n/a

Benchmark EPS

USc 98.0

USc 94.4

4

9

n/a

Statutory

Revenue

4,861

4,584

6

9

n/a

Operating profit

1,162

1,051

11

16

n/a

Profit before tax

957

950

1

7

n/a

Basic EPS

USc 76.9

USc 85.4

(10)

(1)

n/a

Total dividend

USc 46.5

USc 44.75

4

n/a

n/a

· Strong momentum continues.

o Q4 organic revenue growth of 10% and full year organic revenue growth of 9%.

o B2B full year organic revenue growth of 9%.

o Consumer Services organic revenue growth of 6% with rapidly growing new product portfolio.

o Benchmark EBIT margin of 26.9%, up 20 basis points at constant rates, down 20 basis points at actual rates, with 10% total Benchmark EBIT growth at constant rates.

o 9% Benchmark EPS growth at constant rates.

· Operational highlights.

o Broad based investments in technology and innovation driving growth across our expanding markets.

o Scaling B2B innovation across our geographies; new opportunities secured for PowerCurve, Ascend, CrossCore, Open Data platforms and Marketplace services.

o Ascend, our big data platform, installed in our largest US clients and sales secured across 4 countries.

o Direct relationships with consumers scaling rapidly as free consumer memberships reach over 55m combined across our three major markets, up from 40m last year.

o Launched Experian Boost, a major new US consumer-permissioned data offer; since March 2019 over 600,000 US consumers have already connected to Experian Boost.

o Strong performance in Experian health with another year of double digit growth.

o Expanded venture investment programme, with new investments including Marketplace operators.

o Completed acquisition of Compuscan for R3,720m (c. $263m)4, expanding our presence across Africa.

· Continuing commitment to shareholder returns and disciplined capital allocation.

o Second interim dividend up 4% to 32.5 US cents per ordinary share; total dividend for FY19 up 4% to 46.5 US cents per ordinary share.

o Share repurchase programme of up to US$400m.

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