Overall organic revenue growth of 6 per cent at constant currencies might suggest business as usual for Experian (EXPN) during its first quarter. But its performance to 30 June has slipped from the double-digit growth we saw across North America and Europe and the Middle East (EMEA)/Asia Pacific at May’s full-year results.
While North America did deliver 8 per cent organic revenue growth at constant currencies, EMEA/Asia Pacific dipped by 1 per cent. Against a large number of contract wins at the same point last year, a 13 per cent decline in organic decision-making tools sales in the UK and Ireland weighed on the business-to-business segment. This served to neutralise the modest return to growth in consumer services.