As expected, Pearson reported declining consolidated revenues for FY18 (-8.5% reported to £4,129m; -1% underlying, impacted by ongoing pressures in US Higher Education Courseware: -5% and US K12 Courseware). Conversely, the adjusted operating profit improved by 8% underlying to £546m, i.e. in the upper half of the guidance (£520-560m). Adjusted EPS reached 70.3p (including a c.20p one-off tax benefit and a lower finance charge) and the final dividend proposal is 13p, i.e. +8
19 Mar 2019
Undoubtedly making progress but still a lot to do
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Undoubtedly making progress but still a lot to do
Pearson PLC (PSON:LON) | 1,005 0 0.0% | Mkt Cap: 6,822m
- Published:
19 Mar 2019 -
Author:
Véronique Cabioc'h -
Pages:
3
As expected, Pearson reported declining consolidated revenues for FY18 (-8.5% reported to £4,129m; -1% underlying, impacted by ongoing pressures in US Higher Education Courseware: -5% and US K12 Courseware). Conversely, the adjusted operating profit improved by 8% underlying to £546m, i.e. in the upper half of the guidance (£520-560m). Adjusted EPS reached 70.3p (including a c.20p one-off tax benefit and a lower finance charge) and the final dividend proposal is 13p, i.e. +8