Experian revises second quarter revenue expectations

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Experian plc (LON:EXPN), the global information services company, has issued an update on its expectations for trading for the three months ending 30 September 2020.

In July 2020, we stated that we expected organic revenue for Q2 FY21 would be in the range of flat to (5)% and that organic costs for the first half would be held broadly flat.

Following stronger trading in July and August, we today revise our Q2 FY21 expectations. We now expect Group organic revenue growth for the quarter to be in the range +3 to +5%, helped by further strength in US mortgage (which we expect will contribute +3 percentage points to growth in Q2), strength in the services we provide to consumers, as well as due to the naturally resilient qualities of parts of our portfolio.

With continued investment in our innovation agenda, we now expect organic growth in costs of between 2 and 3% for the first half.

Experian will release results for the first half ending 30 September 2020 on Tuesday 17 November 2020.

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