Pearson 2017 results

   

Pearson 2017 Preliminary Results (Unaudited)

Highlights

Operating performance on track

Financial Summary

£m 2017 2016 HEADLINE GROWTH CER GROWTH UNDERLYING GROWTH
BUSINESS PERFORMANCE          
Sales 4,513 4,552 (1)% (4)% (2)%
Adjusted operating profit 576 635 (9)% (13)% (9)%
Operating cash flow 669 663 1%    
Adjusted earnings per share 54.1p 58.8p (8)%    
Dividend per share 17p 52p (67)%    
Net Debt (432) (1,092) 60%    
STATUTORY RESULTS          
Sales 4,513 4,552 (1)% (4)% (2)%
Operating profit/(loss) 451 (2,497) n/a    
Profit/(loss) for the year 408 (2,335) n/a    
Cash generated from operations 462 522 (11)%    
Basic earnings / loss per share 49.9p (286.8)p n/a    

Progress on our strategic priorities

Grow market share through digital transformation

Invest in structural growth opportunities

Become simpler and more efficient

Simplification
Restructuring

2018 Outlook

Board change

Contacts

Investor Relations

Media

Webcast details

Forward looking statements

Financial Overview

2018 Outlook

Notes

Operational review – Geography

£ millions 2017 2016 HEADLINE GROWTH CER GROWTH UNDERLYING GROWTH
SALES          
North America 2,929 2,981 (2)% (4)% (4)%
Core 815 803 1% (1)% 0%
Growth 769 768 0% (4)% 0%
Total Sales 4,513 4,552 (1)% (4)% (2)%
ADJUSTED OPERATING PROFIT
         
North America 394 420 (6)% (10)% (10)%
Core 50 57 (12)% (14)% (14)%
Growth 38 29
31% 17% 3%
Penguin Random House 94 129 (27)% (29)% (8)%
Total adjusted operating profit 576 635 (9)% (13)% (9)%

North America (65% of group revenues)

Courseware

Assessment

Services

2018 Outlook

Core (18% of group revenues)

Courseware

Assessment

Services

2018 Outlook

Growth (17% of group revenues)

Courseware

Services

Assessment

2018 Outlook

Penguin Random House

2018 Outlook

FINANCIAL REVIEW

all figures in £ millions 2017 2016
Operating profit/(loss) 451 (2,497)
Add back: Cost of major restructuring 79 338
Add back: Intangible charges 166 2,769
Add back: Other net gains and losses (128) 25
Add back: Impact of US tax reform 8 -
Adjusted operating profit 576 635