Experian lifts Q2 revenue expectations
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Credit-checking firm Experian lifted its second-quarter revenue expectations on Tuesday following stronger trading in July and August.
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The group said it now expects organic revenue growth of between 3% and 5%, up from previous guidance of flat to 5% lower. It attributed the better outlook to further strength in US mortgage, which it expects to contribute around three percentage points to growth in Q2, strength in the services it provides to consumers, and the "naturally resilient" qualities of parts of its portfolio.
In addition, Experian now expects that with continued investment in its innovation agenda, organic growth in costs will be between 2% and 3% for the first half, versus a previous forecast they would be held broadly flat.
Experian’s results for the first half ending 30 September will be released on 17 November.