Half-yearly financial report

Half-yearly financial report

Strong performance demonstrating the power of data for consumers and our clients

7am, 17 November 2021 ─ Experian plc, the global information services company, today issues its half-yearly financial report for the six months ended 30 September 2021.

Brian Cassin, Chief Executive Officer, commented:

“We had a very good first half performance with total revenue growth of 23% at actual exchange rates, 21% at constant exchange rates and organic revenue growth of 16%. Benchmark earnings per share also progressed strongly, up 30% for the half (at constant exchange rates). Consumer Services has seen standout growth, and our B2B businesses continue to perform very well. We expect progress to continue, and for the full year, we now expect organic revenue growth in the range of 11-13%, total revenue growth of 15-17% and strong EBIT margin accretion, all at constant exchange rates.”

“Our growth is being enabled by a successful innovation-led strategy which has financial inclusion at its heart. Our aim is to empower consumers and businesses globally, improving financial health for all by using our capabilities as a force for good to transform lives and power opportunities.”

 

Benchmark and Statutory financial highlights

 

2021
US$m

2020
US$m

Actual rates growth %

Constant rates growth %

Organic growth %2

Benchmark¹

 

 

 

 

 

Revenue – ongoing activities3

3,060

2,480

23

21

16

Revenue

3,061

2,487

23

21

n/a

Benchmark EBIT – ongoing activities3,4

806

647

25

25

n/a

Total Benchmark EBIT

806

648

24

25

n/a

Benchmark EPS

USc 61.7

USc 47.9

29

30

n/a

Statutory

 

 

 

 

 

Revenue

3,061

2,487

23

21

n/a

Operating profit

702

546

29

29

n/a

Profit before tax

654

458

43

32

n/a

Basic EPS

USc 56.5

USc 36.7

54

39

n/a

First interim dividend

USc 16.0

USc 14.5

10

n/a

n/a

  1. See Appendix 1 (page 14) and note 5 to the interim financial statements (pages 25-27) for definitions of non-GAAP measures.
  2. Organic revenue growth is at constant currency.
  3. Revenue and Benchmark EBIT for the six months ended 30 September 2020 have been re-presented for the reclassification to exited business activities of certain B2B businesses.
  4. See page 15 for reconciliation of Benchmark EBIT from ongoing activities to Profit before tax.

 

Highlights

  • Strong execution and strategic progress across the Group. Full year guidance upgraded.
  • Outstanding first half in Consumer Services, revenue +27% with 122m free members.
  • B2B growing well; organic revenue +12% with strategic initiative momentum.
  • H1 Benchmark EBIT +25%, H1 Benchmark EPS +30%, both at constant exchange rates.
  • Very strong cash performance; up 25%. Guidance raised to c.100% operating cash flow conversion.
  • Strong financial position; low end of leverage range.
  • Two acquisitions completed after period end for US$353m.
  • First interim dividend up 10% to 16.0 US cents per ordinary share.

 

View the full press release in PDF format.

 

Contacts

Experian

Nadia Ridout-Jamieson              Investor queries                                   +44 (0)20 3042 4278

Gerry Tschopp                          Media queries

 

Tulchan

Graeme Wilson, Louise Male and Guy Bates                                          +44 (0)20 7353 4200

There will be a presentation today at 9.30am (UK time) to analysts and investors via conference call. To view the slides and listen in online please go to www.experianplc.com for the link.

Experian will update on third quarter trading for FY22 on 14 January 2022.

Roundings

Certain financial data has been rounded within this announcement. As a result of this rounding, the totals of data presented may vary slightly from the actual arithmetic totals of such data.

Forward looking statements

Certain statements made in this announcement are forward looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results referred to in these forward looking statements. See note 25 for further information on risks and uncertainties facing Experian.

Company website

Neither the content of the Company’s website, nor the content of any website accessible from hyperlinks on the Company’s website (or any other website), is incorporated into, or forms part of, this announcement.

About Experian

Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.

We have 20,000 people operating across 44 countries and every day we’re investing in new technologies, talented people, and innovation to help all our clients maximise every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.