Experian, the global information services company with its UK HQ in Nottingham, has hailed “a good performance” in the three months ended 31 December 2022.
In a trading update the firm revealed UK and Ireland organic and total constant currency revenue growth of 6%. Experian noted the performance “was encouraging…notwithstanding challenges in the economy and specific market disruption during October.”
Furthermore, the company posted a B2B organic revenue increase of 10% during the period, which it said reflects strong results from new products and good execution across all major B2B business units, helped by a strong new business win performance.
Organic revenue in consumer services however was down 8% as volumes moderated in Experian credit marketplace, reflecting lending market disruption in October and tighter lending conditions, as well reduced premium subscription revenue.
The performance in UK and Ireland formed 12% of group revenue.
Brian Cassin, Chief Executive Officer, said: “We delivered a good performance in Q3, in line with our expectations, driven by new products, new business wins and consumer expansion.
“While pressures in the global economy are likely to continue for some time, we expect to remain resilient, supported by the delivery of our growth strategy and growth in countercyclical revenue streams. For the full year our expectations are unchanged.”
