Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Experian plc    EXPN   GB00B19NLV48


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Experian plc : Sale of PriceGrabber and NA online lead generation

share with twitter share with LinkedIn share with facebook
10/26/2012 | 06:07am EDT

news release

26 October 2012- Experian, the global information services company, announces that it has completed the sale of its price comparison shopping business (PriceGrabber) and its North America online lead generation activities (LowerMyBills and ClassesUSA) to the management team of those businesses.

The gross consideration is US$80m, consisting of US$2m cash at closing and a US$78m loan note. In addition further consideration is available to Experian if defined profit targets are achieved over time and in certain other circumstances, up to a fully inclusive total of US$110m. In respect of the transaction, Experian expects to realise cash tax relief of approximately US$120m over the next two years.

Don Robert, Chief Executive of Experian said:

"Over the past four years, we have focused our strategy on extending our global lead in credit information and analytics, digital marketing services and consumer services. As part of that process, we designated PriceGrabber and the lead generation activities as non-core operations, believing that they would be best developed by an independent owner. We thank all our friends and colleagues at these businesses for their support over the years and wish them every future success."

For the year ended 31 March 2012, revenues for the businesses sold were US$283m and EBIT was US$20m.



Nadia Ridout-Jamieson          Director of Investor Relations             +44 (0)20 3042 4215

James Russell                        Communications Director, UK&I and EMEA

RLM Finsbury

Rollo Head                                                                                          +44 (0)20 7251 3801

Don Hunter

About Experian

Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2012 was US$4.5 billion. Experian employs approximately 17,000 people in 44 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.

This information is provided by RNS
The company news service from the London Stock Exchange
distributed by

share with twitter share with LinkedIn share with facebook
All news about EXPERIAN PLC
09:39aExperian to appeal UK watchdog order to change handling of personal data
09:07aExperian to Appeal UK Privacy Watchdog's Action Against Marketing Unit
10/20EXPERIAN : Americans Are Maintaining Healthy Credit Profiles During COVID-19 Pan..
10/14EXPERIAN : Summer surge in mortgage applications puts 2020 on course for £216b....
10/02EXPERIAN : North America Expands Commitment to Culture of Inclusion W...
10/02EXPERIAN : North America Expands Commitment to Culture of Inclusion With First C..
09/28EXPERIAN : 3 in 5 Australian businesses set to invest in analytics to automate....
09/23EXPERIAN : 's Cloud-Based Solutions Adapt to Today's Evolving Customer Needs
09/21EXPERIAN : Virgin Money launches on Experian's pre-qualification platform to h....
09/21EXPERIAN : and BioCatch Provide a Global Financial Services Provider With a 73% ..
More news
Financials (USD)
Sales 2021 5 181 M - -
Net income 2021 804 M - -
Net Debt 2021 3 801 M - -
P/E ratio 2021 42,3x
Yield 2021 1,25%
Capitalization 34 377 M 34 491 M -
EV / Sales 2021 7,37x
EV / Sales 2022 6,73x
Nbr of Employees 17 800
Free-Float 93,4%
Duration : Period :
Experian plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EXPERIAN PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 39,17 $
Last Close Price 37,85 $
Spread / Highest target 28,0%
Spread / Average Target 3,47%
Spread / Lowest Target -33,9%
EPS Revisions
Brian Jude Cassin Chief Executive Officer & Executive Director
Michael John Rogers Chairman
Kerry L. Williams Chief Operating Officer & Director
Lloyd Mark Pitchford Chief Financial Officer & Director
Barry J. Libenson Chief Information Officer
Sector and Competitors