Pearson’s H1 19 results positively showed underlying sales up 2% (-2% reported), while the adjusted operating margin improved to 7.9% (versus 5.9%), reflecting the 2017-19 restructuring programme’s savings. While the group reiterated its FY19e guidance for adjusted OP at £590-640m, based on flat revenues, the target for adjusted EPS was raised from 53.5-59p to 57.5-63p (at 31/12/2018 FX) due to better figures anticipated for both finance charges and taxation. Consolidated re
29 Jul 2019
Restructuring starting to pay off...
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Restructuring starting to pay off...
Pearson PLC (PSON:LON) | 1,044 94 0.9% | Mkt Cap: 7,143m
- Published:
29 Jul 2019 -
Author:
Véronique Cabioc'h -
Pages:
3
Pearson’s H1 19 results positively showed underlying sales up 2% (-2% reported), while the adjusted operating margin improved to 7.9% (versus 5.9%), reflecting the 2017-19 restructuring programme’s savings. While the group reiterated its FY19e guidance for adjusted OP at £590-640m, based on flat revenues, the target for adjusted EPS was raised from 53.5-59p to 57.5-63p (at 31/12/2018 FX) due to better figures anticipated for both finance charges and taxation. Consolidated re