Reporting its Q1 20 trading statement, Pearson confirmed disruptions due to COVID-19 with test centres and school closures partly offset by rising digital products and services. Q1 revenues were down 5% underlying but Q1 is, as a reminder, traditionally a small quarter for the group. Final dividend proposed: +4% to 13.5p (i.e. total FY19 DPS: 19.5p versus 18.5p) and temporary remuneration cuts for top management and Board. £50m of structural savings costs identified in FY21. No major ch
24 Apr 2020
Meaningful Q1 in line with revised expectations, under COVID-19 impact
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Meaningful Q1 in line with revised expectations, under COVID-19 impact
Pearson PLC (PSON:LON) | 986 -114.4 (-1.2%) | Mkt Cap: 6,684m
- Published:
24 Apr 2020 -
Author:
Véronique Cabioc'h -
Pages:
3
Reporting its Q1 20 trading statement, Pearson confirmed disruptions due to COVID-19 with test centres and school closures partly offset by rising digital products and services. Q1 revenues were down 5% underlying but Q1 is, as a reminder, traditionally a small quarter for the group. Final dividend proposed: +4% to 13.5p (i.e. total FY19 DPS: 19.5p versus 18.5p) and temporary remuneration cuts for top management and Board. £50m of structural savings costs identified in FY21. No major ch