Experian, the global information services company, today issues its financial results for the year ended 31 March 2010.
John Peace, Chairman of Experian, said:
“Experian has again delivered an excellent financial performance. In light of our ongoing strong cash generation, we are today announcing an increased dividend payout and a share buyback. Experian has considerable opportunities for future growth which it is pursuing with vigour and with focus and I look forward to further progress over the coming year.”
Don Robert, Chief Executive Officer of Experian, said:
“Last year we grew revenue, strengthened our market position and delivered significant cost efficiencies, even though there were considerable economic headwinds in some regions. Looking ahead, we see signs of gradual recovery in some of our key markets and we expect a modest contribution from our strategic growth initiatives over the course of the year. For the first half, we expect organic revenue growth to be slightly stronger than the FY10 exit rate. For the year as a whole, we are targeting mid single-digit EBIT growth (from continuing activities at constant currency) and strong cash generation. Longer term, we see significant opportunities to grow and to capitalise on our globally leading position.”
| Experian | ||
| Don Robert | Chief Executive Officer | +44 (0)20 3042 4215 |
| Paul Brooks | Chief Financial Officer | |
| Nadia Ridout-Jamieson | Director of Investor Relations | |
| James Russell | Public Relations Director | |
| Finsbury | ||
| Rollo Head | +44 (0)20 7251 3801 | |
| Don Hunter | ||
There will be a presentation today at 9.30am (UK time) to analysts and investors at the Bank of America Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ. The presentation can be viewed live on the Experian website at www.experianplc.com and can also be accessed live via a dial-in facility on +44 (0)20 3037 9164. The supporting slides and an indexed replay will be available on the website later in the day.
There will be a conference call today for bond analysts and investors at 3.00pm (UK time). This will be broadcast live on the Experian website at www.experianplc.com. The supporting slides and an indexed replay will be available on the website later in the day.
See Appendix 2 for definition of non-GAAP measures used throughout this announcement and Appendix 3 for reconciliation of revenue and EBIT by operating segment.
Certain financial data have 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.
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.
Experian is the leading global information services company, providing data and analytical tools to clients in more than 90 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2010 was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and São Paulo, Brazil.
For more information, visit www.experianplc.com.