Preliminary results for the year ended 31 March 2017
7am, 18 May 2017 ─ Experian plc, the global information services company, today issues its financial results for the year ended 31 March 2017.
General highlights – Ongoing operations (excluding CCM discontinued operations)
Statutory financial highlights
|Profit before tax||1,071||966||11|
Benchmark financial highlights 1,2
|2017 incl. CCM US$m|
1 Benchmark metrics exclude the discontinued operations of email/cross-channel marketing and prior year comparatives have been restated to reflect the transaction. Reconciliation of Benchmark financial metrics including and excluding email/cross channel marketing can be found on page 2.
2 Revenue from ongoing activities. See Appendix 1 on page 14 and note 5 to the Group financial statements on pages 25-6 for definitions of non-GAAP measures.
3 See page 7 for reconciliation of Benchmark EBIT from ongoing activities to Benchmark EBIT.
Brian Cassin, Chief Executive Officer, commented:
“It has been a good year for Experian. We have made considerable progress strategically, operationally and financially. Our portfolio is sharper and we are continuing to invest to drive growth through innovative products and new services. We have also returned significant capital to our shareholders.
“As we look ahead, our sector is vibrant. Clients are seeking new ways to combine and analyse vast quantities of data to drive better business outcomes and consumers want to better understand and protect their financial status. This plays to our core strengths and is opening up many new opportunities for Experian. Over the next 12-18 months we will continue to innovate and are introducing a wave of new products to bring fresh thinking and new services to meet this demand.
“As we look ahead, we expect to sustain good momentum in our financial performance and we anticipate another year of good growth, within our target mid single-digit organic revenue growth range, with stable margins and further progress in Benchmark earnings per share.”
Impact of Email/Cross-Channel Marketing Divestment
On 3 April 2017, we announced the agreed divestment of 75% of email/cross channel marketing (‘CCM’) which have been reclassified as discontinued activities for FY17. In the table below we show Benchmark financial metrics including and excluding CCM.
|US$m||FY17 as reported||CCM||FY17 including CCM|
|Organic revenue growth||5%||4%|
|Benchmark EBIT from ongoing activities||1,199||54||1,253|
|Benchmark EBIT Margin||27.7%||27.0%|
Brian Cassin Chief Executive Officer +44 (0)20 3042 4215
Lloyd Pitchford Chief Financial Officer
Andrew Simms Head of Investor Relations
Gerry Tschopp Senior VP, Group Communications
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 via the link from the Experian website at www.experianplc.com and can also be accessed live via a telephone dial-in facility: +44 844 800 3850 (UK and International) or +44 208 996 3900 (all others), using access code 20337137. The supporting slides and an indexed replay will be available on the website later in the day.
Experian will update on first quarter trading for FY18 on 18 July 2017.
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.
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 27 to the financial statements for further information on risks and uncertainties facing Experian.
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 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 16,000 people operating across 37 countries and every day we’re investing in new technologies, talented people and innovation to help all our clients maximize 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.