The story of our year

Annual report and accounts 2014

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365 days... in less than three minutes

Chief executive's overview

For education to really work it needs to not only provide access, but ensure progress... by standing at the intersection of new technology and good teaching practices, we can make learning more accessible relevant and more relevant for more people around the world.”

Our priorities for 2015

  1. A business model focused on helping more people achieve better learning outcomes
  2. New digital products that can replicate excellence at scale
  3. A more focused company, with resources and energies centered on the biggest education challenges
  4. A more consistently high performing culture - imaginative, decent, brave and accountable
  5. A stronger brand, less muted and more ready to talk

Read my full strategic report.

John Fallon - Chief executive

2014 financial highlights

Sales £4.9bn +2%
Adjested Operating Profit by Geography - North America £464m, Core £152m, Growth £35m, Penguin Random House £69m
Adjusted Operating Profit by Line of Business - School £236m, Higher Education £309m,  Professional £106m, Penguin Random House £69m
Adjeusted Operating Profit £720m +8%
Sales by Geography - NA £2,974m, Core £1,1154m, Growth £746m
Sales by Line of Business - School £2,027m, Higher Education £1,695m, Professional £1,152m
Average Annual Growth in terms of Headline terms 2009-2014: Adjesuted earnings per share +0.4%, Operating cash flow -6.6%, Dividend +7.5%
Line chart showing Sales in £m from 2009 to 2014
Line chart showing Adjusted Operating profit in £m from 2009 to 2014

Chairman’s review

The most difficult phase of our transformation has been completed… one which has laid the foundations to strengthen our position as the world’s largest education company..."

Glen Moreno - Pearson Chairman

"We now move into our next chapter, better prepared than ever to help people all over the world progress in their lives through learning..."

You can download my letter, or the full report below.

Meeting the expectations of all of society

Two smiling school pupils

Operating responsibly is central to achieving our business strategy... helping us to better deliver outcomes for people, and to better meet the expectations of all of society.” (Robin Freestone, board member responsible for corporate responsibility)

Our social impact priorities

  • Standards - continuing to invest in our people and reduce our environmental footprint
  • Impact - making a significant contribution to global education through campaigns and programmes, with a particular focus on literacy
  • Innovation - partnering to help find solutions to some of the biggest unmet educational needs 

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Annual report and accounts 2014

Full annual report

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Chief executive’s overview

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Financial performance

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Principal risks and uncertainties

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Social impact

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Financial statements

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