Experian plc, a global information services company, has reported a strong performance for the three months ended 31 December 2023. The company's revenue from ongoing activities grew by 9% at actual exchange rates and 7% at constant exchange rates, with organic revenue growth of 6%. The Chief Executive Officer, Brian Cassin, stated that the company delivered good growth in Q3, at the upper end of their expectations.
Experian expects full-year organic revenue growth for FY24 to be between 5-6%, with modest margin accretion, all at constant exchange rates and on an ongoing basis. The company provided a detailed breakdown of revenue growth across its different segments, including North America, Latin America, UK and Ireland, and EMEA and Asia Pacific.
In North America, which accounts for 67% of the company's revenue, organic revenue growth was 5%. The B2B segment saw organic revenue growth of 3%, driven by positive contributions from various business units, including Clarity, Experian Ascend, and Employer Services. Consumer Services in North America delivered organic revenue growth of 9%, with strong performances in premium services and the insurance marketplace.
Latin America, which contributes 15% of the company's revenue, delivered organic revenue growth of 13%. The B2B segment saw organic revenue growth of 10%, driven by growth in Brazil and Spanish Latin America. Consumer Services in Latin America delivered organic revenue growth of 26%, with significant additions to the free membership base and positive contributions from services like debt resolution and e-wallet payment integrations.
The UK and Ireland, accounting for 12% of the company's revenue, delivered organic revenue growth of 3%. The B2B segment saw organic revenue growth of 3%, driven by strong performances in consumer bureau activities and decisioning. Consumer Services in the UK and Ireland saw flat organic revenue growth, reflecting stability in subscription revenue trends and a positive contribution from databreach services.
In EMEA and Asia Pacific, which contributes 6% of the company's revenue, organic revenue growth was 7%. The region saw strong progress across key markets, including Australia, India, and Italy.
Experian will release its full-year results for the year ending 31 March 2024 on Wednesday, 15 May 2024.