Experian growth warning.
Investors Chronicle - magazine and web content, November, 2007
Experian, the world's largest credit checking business, has warned that growth is expected to slow. Anthony Lugg
Experian's results were, if anything, rather better than expected, but the market took fright at the warning from its chief executive, Don Robert, that growth had slowed in the second quarter and was expected to slow further. So shares in the world's biggest credit checking business, spun out from GUS last autumn, fell up to 50p on the day.
The results themselves were pretty robust. Allowing for the big impact exceptionals - such as de-merger costs - and pre-tax profits grew by a fifth in the period, with organic sales growth of 6 per cent. Big planks of the group's strategy involve geographic expansion, typified by the $1.2bn acquisition...
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