Annual Report 2018

Enabling employability, connecting the education ecosystem, and supporting lifelong learning.

Overview from Chair & Chief Executive

“2018 has been a pivotal year for Pearson as we returned to underlying profit growth and laid a firm foundation for further progress in 2019.”

Sidney Taurel, Chair
Read the full Chair's statement

“We expect revenues to stabilise this year – an important step in the Pearson recovery – before starting to grow again in 2020 and future years.”

John Fallon, Chief Executive
Read the full Chief Executive's overview

Highlights

70
Markets we operate in

24,000+
Global employees

+8%
Underlying adjusted operating profit*

62%
Digital/digitally-enabled revenue in 2018 (vs. 59% in 2017)

£700m+
Investment in Pearson’s digital future

£130m
Cost efficiency savings achieved in 2018

£143m
Net debt (vs. £432m in 2017)

30%
Female Board Members, and 62% overall female employees

£5.7m
Social contributions in 2018, including £1.6m through our partnership with Save the Children

* Underlying growth rates exclude currency movements, portfolio changes and accounting changes

Learning stories

Sustainability

Sustainability is integral to our strategy and fundamental to achieving our mission to help people make progress in their lives through learning. Through our 2020 Sustainability Plan, we made a commitment to embed social and environmental issues across our business. We recognise the role sustainability plays in driving our longterm growth and in helping build a better society.

The three pillars of our sustainability plan are:

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