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Investegate |Pearson PLC Announcements | Pearson PLC: Pearson 2022 Preliminary Results

Investegate announcements from Pearson PLC, Pearson 2022 Preliminary Results ....

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Investegate |Pearson PLC Announcements | Pearson PLC: Final Results

Investegate announcements from Pearson PLC, Final Results ....

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Pearson 2020 Preliminary Results and strategy update (Unaudited)

Pearson 2020 Preliminary Results and strategy update (Unaudited)
Resilience despite COVID-19 challenges. Repositioning Pearson for sustainable growth.
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Highlights
Underlying revenue declined 10%.
Global Assessment 14% lower, and International down 19%.
North American Courseware down 13%, with US Higher Education Courseware in line with pre-COVID expectations.
Performance in line with revised expectations post COVID-19;
with adjusted operating profit of £313m (2019: £581m)
Adjusted earnings per share of 28.7p (2019: 57.8p) after an effective tax rate charge of 13.7% (2019: 16.5%).
Strong balance sheet and cash performance
Operating cash flow of £315m (2019: £418m) with a conversion rate of 101% reflects lower profit partially offset by good working capital management. ....

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