Experian increases 2012/13 half yearly dividend by 5%

DividendMax Ltd.

Experian increases 2012/13 half yearly dividend by 5%

Highlights

  • Strong H1 performance, with good progress towards our strategic and financial objectives.
  • Revenue growth across all regions and from all global business lines, with double-digit growth across Latin America and Consumer Services.
  • Total Group revenue of US$2.3bn. Revenue from continuing activities up 12% at constant exchange rates and 6% at actual rates, principally due to the depreciation of the Brazilian real against the US dollar. Organic revenue growth of 8% at constant exchange rates.
  • Total EBIT from continuing operations of US$590m, up 14% at constant exchange rates and up 6% at actual rates.
  • EBIT margin from continuing activities up 10 basis points to 25.8%.
  • Profit before tax from continuing operations of US$76m (2011: US$351m), after an IFRS non-cash charge of US$403m from the movement in the Serasa put option liability.
  • Benchmark profit before tax of US$563m, up 6% (and up 13% at constant exchange rates).
  • Benchmark EPS of 39.0 US cents, up 3%. Basic loss per share from continuing operations of 7.4 US cents (2011: earnings per share of 26.2 US cents).
  • Net debt of US$1,920m at 30 September 2012. 
  • First interim dividend of 10.75 US cents per ordinary share, up 5%.

Don Robert, Chief Executive Officer, commented:

"We delivered strong revenue and EBIT growth in the first half of this financial year (at constant currency), with growth across all regions and business lines. This is the result of consistent execution on our strategy and global growth programme, helping us to withstand pressures in the global economy. While we face a tough comparable in Q3, for the full year, we expect high-single digit organic revenue growth, modest margin improvement (at constant currency) and to convert at least 90% of EBIT into operating cash.

"We are now in the fourth year of our global growth programme and it is gaining momentum. We continue to see significant opportunities and in order to maximise our growth potential we are today launching a new efficiency programme to drive operational improvements and to sustain premium growth into the future."

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