Experian, the global information services company, today issues its financial results for the year ended 31 March 2011.
John Peace, Chairman, commented:
“Experian has delivered its tenth consecutive year of record earnings before interest and tax, representing a major milestone in the company’s history. The business has made excellent progress, creating shareholder value through its strategic execution, strong financial performance, capital management strategy and a 22% dividend increase to 28.00 US cents per share.”
Don Robert, Chief Executive Officer, commented:
“Experian performed strongly in FY11. We delivered against our financial and operational objectives, with strong organic revenue growth, margin expansion and excellent cash flow conversion. Strategically, we are executing well against a series of high-impact growth initiatives, designed to build on our market-leading position and sustain growth in the future. For the year ahead, we expect another year of good growth, and are aiming for organic revenue growth in the mid-high single digit range, modest margin improvement and strong cash flow conversion. Due to strong comparatives in the first half, we expect some variability within this range quarter-to-quarter.”
|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|
|Rollo Head||+44 (0)20 7251 3801|
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 with supporting slides. A replay will be available on the website later in the day.
Experian will update on first quarter trading on 15 July 2011, when it will issue an Interim Management Statement.
See Appendix 2 for definition of non-GAAP measures used throughout this announcement.
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.
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.
Experian is the leading global information services company, providing data and analytical tools to clients in more than 80 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 2011 was US$4.2 billion. Experian employs approximately 15,000 people in 41 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
For more information, visit www.experianplc.com