Reporting its 9-month trading statement, Pearson reiterated its FY16e outlook and its 2018 targets, despite currently suffering from more challenging than expected markets. Sales were down 7% underlying over the period and -3% on a reported basis. As a reminder, the FY16 guidance is for EPS of 54.5-59.5p if current exchange rates persist. The reorganisation is said to be on track, implying £320m costs in FY16e and annualised savings of c.£350m, of which £250m this year (equi
18 Oct 2016
A tougher Q3 16 than expected…
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A tougher Q3 16 than expected…
Pearson PLC (PSON:LON) | 992 37.7 0.4% | Mkt Cap: 6,784m
- Published:
18 Oct 2016 -
Author:
Véronique Cabioc'h -
Pages:
3
Reporting its 9-month trading statement, Pearson reiterated its FY16e outlook and its 2018 targets, despite currently suffering from more challenging than expected markets. Sales were down 7% underlying over the period and -3% on a reported basis. As a reminder, the FY16 guidance is for EPS of 54.5-59.5p if current exchange rates persist. The reorganisation is said to be on track, implying £320m costs in FY16e and annualised savings of c.£350m, of which £250m this year (equi