Business
Experian PLC Trading update, first quarter
Experian PLC Trading update, first quarter.
About this update from Experian Plc
[{"type":"text","content":"\n \n \n RNS Number : 1417T\n Experian plc\n 16 July 2020\n \n \n \n \n \n \n \n news release\n \n \n \n \n \n \n \n \n \n Trading update, first quarter\n \n \n \n \n \n \n \n \n 16 July 2020 \n \n ─ \n Experian, the global information services company, today issues an update on trading for the three months ended 30 June 2020\n .\n \n \n \n \n \n Commenting on the performance, Brian Cassin, Chief Executive Officer, said:\n \n \n \n \n \n \"While the COVID-19 health crisis continues to weigh on people and economies everywhere, Experian has been very resilient. We delivered growth in North America and Brazil during Q1, which helped offset weaker conditions elsewhere, and as a result total revenue was down just (1)% at constant exchange rates, with organic revenue down (2)%. At actual exchange rates total revenue declined by (5)% due to the weakness of the Brazilian Real relative to the US dollar. \n \n \n \n \n \n \"The COVID-19 crisis has shown the critical importance of data in responding to the huge challenges created by the pandemic and of finding a route to recovery. Through this challenging period, Experian has been working to support governments, hospitals, businesses and charities, and we will continue to provide data and other services to governments and frontline organisations to help get economies back on their feet. \n \n \n \n \n \n \"There continues to be a range of outcomes and a level of uncertainty around the extent or re-imposition of lockdowns, government action to support economies and the shape of economic recovery. We therefore do not intend to provide guidance for the year ending 31 March 2021.\"\n \n \n \n \n \n \n % change in revenue from ongoing activities year-on-year for the three months ended 30 June 2020\n \n \n \n \n \n \n \n Ongoing activities only\n \n \n \n \n Total revenue growth %\n \n \n \n \n Total revenue growth %\n \n \n \n \n Organic revenue growth %\n \n \n \n \n \n \n \n \n \n \n \n At actual\n \n \n exchange rates1\n \n \n \n \n At constant exchange rates\n \n \n \n \n At constant exchange rates\n \n \n \n \n \n \n North America\n \n \n \n \n 4 \n \n \n \n \n 4\n \n \n \n \n 4\n \n \n \n \n \n \n Latin America\n \n \n \n \n (26)\n \n \n \n \n 0\n \n \n \n \n (1)\n \n \n \n \n \n \n UK and Irelan...