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Experian pre-tax profit up

21 May 2008  |  9974 views  |  0 Source: Experian

Highlights

  • Good revenue, profit and cash performance against a backdrop of difficult market conditions.
  • Total revenue growth of 18% at actual exchange rates to US$4.1bn. Revenue from continuing activities up 14% at constant exchange rates to US$4.1bn. Organic revenue growth of 4%.
  • Total EBIT growth of 15% at actual exchange rates to US$945m. Continuing EBIT up 13% at constant exchange rates.
  • EBIT margin of 21.8% from continuing activities, excluding FARES contribution, in line with prior year (2007: 21.9%) during period of investment.
  • Profit before tax of US$549m. Benchmark profit before tax of US$819m.
  • Basic EPS of 43.3 US cents. Benchmark EPS of 60.3 US cents.
  • Swift action to improve efficiency and reduce costs, with annualised cost savings target raised to US$110m from US$80m.
  • Strong contribution from strategically important expansion into Brazil via Serasa, on plan for revenue, ahead on EBIT.
  • Excellent cash conversion of 95%.
  • Net debt of US$2.7bn after funding acquisitions of US$1.7bn, mainly Serasa and Hitwise.
  • Second dividend of 12.0 US cents per share, to give full year dividend of 18.5 US cents per share, up 9%.
Read the full statement here:» Download the document now 213.1 kb (PDF File)

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