- Experian plc (LON:EXPN), the global information services company has released its results for the year to 31 Mar 2021.
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- Underlying revenues rose 7% to $5.4bn and operating profits rose by 3% to $1.4bn. The company held its dividend flat, at USc 47.0.
- The numbers met the markets’ expectations and with a confident outlook from the company, the shares responded by rising 0.3% in early trading.
Experian's Double-Digit Revenue Growth
Commenting on the results, Steve Clayton, fund manager of the HL UK Growth Shares fund, which holds Experian said:
“Experian’s ability to continue driving organic revenues forward, even through a pandemic is impressive. Their expectation of double-digit revenue growth and rising profit margins in the current year should be well received by investors. Many companies will be forecasting the same this year of course, but most will be doing so from a much-reduced base; Experian’s record of growth through adversity, with a notable acceleration as economies emerge from the pandemic sets it apart.
As ever, the company’s strength in the Americas drove the overall growth. Revenue growth approaching 10% over there more than offset a contraction in the rest of the world and Experian’s Consumer Services division was the stand-out product group, with revenues rocketing ahead by 17%.
The world is ever more data driven as the digital transformation continues. That leaves Experian well placed. Demand for the data they collect and analyse is rising steadily with a growing product portfolio serving ever-wider markets. Today’s numbers reinforce Experian’s profile of being a company which enjoys resilient demand when times are tough and buoyant growth when conditions ease. We have held the company in our HL Select UK Growth Shares fund since the day we launched back in 2016 and unsurprisingly, it remains one of our top positions”.
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