Experian plc, a global data and technology company, has reported a strong performance in the first quarter of FY25. The company's revenue was up 7% at actual exchange rates and 8% at constant exchange rates, with organic revenue growth of 7%. Experian's Chief Executive Officer, Brian Cassin, stated that the growth expectations for the full year remain unchanged, with an expected organic revenue growth of between 6-8% and margin accretion of 30-50 basis points.
In North America, which accounts for 66% of the company's revenue, Experian saw organic revenue growth of 8%. Key growth contributors included mortgage, identity and fraud, automotive, targeting, and health services. Consumer Services in North America also delivered an organic revenue uplift of 10%, with strong performance in premium memberships and insurance.
Latin America, contributing 16% of the company's revenue, delivered organic revenue growth of 5%. The growth was driven by strong performance in identity and fraud, small and medium enterprise, and agrifinance segments. Consumer Services in Latin America saw significant organic revenue growth of 24%, driven by higher volumes of debt renegotiation and increased conversion rates via the Serasa e-wallet.
The UK and Ireland, accounting for 12% of the company's revenue, delivered organic revenue growth of 2%. Notable contributors to growth included Ascend, data quality services, and fraud and identity management. Consumer Services in the UK and Ireland also saw organic revenue growth of 4%, reflecting expansion in both marketplace and subscription revenue.
In EMEA and Asia Pacific, which represents 6% of the company's revenue, organic revenue growth was 7%. The company reported good performance across the majority of its markets, with a focus on key markets and innovation-led growth.
Experian will release results for the half year ending 30 September 2024 on Wednesday, 13 November 2024.