Experian profits hit £418m
Experian has "met or exceeded all financial objectives for the year", the Nottingham-based data analyst said this morning as it revealed its year-end results. Pre-tax profit at the company leapt to $679m (£418m).
Pre-tax profit for the year to 31 March 2011 rose by $79m (£48.6m) on Experian's previous year's results.
Revenue from continuing activities was up 10 per cent, with organic revenue growth of 8 per cent.
Experian said it delivered growth on all four of its regions. Organic revenue growth was 7 per cent in North America, 19 per cent in Latin America, 2 per cent in the UK and Ireland and 7 per cent in EMEA/Asia Pacific.
John Peace, chairman, said that the results were the company's tenth consecutive year of record earnings, which represents "a major milestone" in its history.
He added: "The business has made excellent progress, creating shareholder value through its strategic execution, strong financial performance, capital management strategy and a 22 per cent dividend increase to 28.00 US cents per share."
Don Robert, chief executive officer, said: "Experian performed strongly in FY11. We delivered against our financial and operational objectives, with strong organic revenue growth, margin expansion and excellent cash flow conversion. Strategically, we are executing well against a series of high-impact growth initiatives, designed to build on our market-leading position and sustain growth in the future.
"For the year ahead, we expect another year of good growth, and are aiming for organic revenue growth in the mid-high single digit range, modest margin improvement and strong cash flow conversion. Due to strong comparatives in the first half, we expect some variability within this range quarter-to-quarter."
