Equifax 2003 Annual Report Download - page 10

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THE BUSINESS OF EMPOWERM ENT 7
TO OUR VALUED SHAREHOLDERS
Equifax had a strong 2003, with consolidated revenues up 10 percent to a
record $1.2 billion. These were hard-fought results. The world economy
faces tough times. Customers operate in a chaotic business environment–
compressed, consolidated, ever changing. Yet, Equifax continues to grow, excel and
innovate, achieving notable increases in volume, market share and cash flow from
operating activities, as well as attaining significant cost savings.
Our constant goal is to exceed this performance and to generate even more
value for our shareholders. And to this end, we have strategically realigned the
Company’s business structure in 2003 to include:
• North America
• Europe
• Latin America
• Consumer Direct
• Marketing Services
This organization places each business closer to its customers in order to be
more responsive to customer needs and alert to growth opportunities for Equifax.
While the structure has changed, two things have not: our passion to protect the
integrity and privacy of information and the fundamental importance of knowledge
to commerce.
Knowledge fuels the world’s economic engine, and Equifax has been providing
this fuel for 105 years. Whether business is conducted over the Internet or face-
to-face, Equifax knowledge empowers our customers to manage throughout their
customers’ life cycles. In doing so, we become an inherent part of their business
process, which drives stronger customer loyalty. In turn, this loyalty enables Equifax
to grow even during periods of economic weakness. Combined, these dynamics
create a tremendous enterprise upon which to build a future. For Equifax
shareholders, customers and employees, OUR TIM E IS NOW.