Pearson’s trading statement confirmed the FY19 guidance: flat underlying revenue growth, an adjusted OP at £590m (AV:£584m) and adjusted EPS at 57.5p-59p (AV:57.5p). The FY20e guidance is for an adjusted OP at £500-580m with continuing poor trends in Higher Education (24% total revenues; declined 12% over FY19) hurting the whole business. The group also announced a new CFO. In the aftermath of its 25% stake disposal in Penguin, the £350m share buy-back programme
16 Jan 2020
FY19 guidance met, a new CFO and a tough FY20e again
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FY19 guidance met, a new CFO and a tough FY20e again
Pearson PLC (PSON:LON) | 1,044 0 0.0% | Mkt Cap: 7,141m
- Published:
16 Jan 2020 -
Author:
Véronique Cabioc'h -
Pages:
3
Pearson’s trading statement confirmed the FY19 guidance: flat underlying revenue growth, an adjusted OP at £590m (AV:£584m) and adjusted EPS at 57.5p-59p (AV:57.5p). The FY20e guidance is for an adjusted OP at £500-580m with continuing poor trends in Higher Education (24% total revenues; declined 12% over FY19) hurting the whole business. The group also announced a new CFO. In the aftermath of its 25% stake disposal in Penguin, the £350m share buy-back programme