Pearson 2018 results

   

Pearson 2018 Preliminary Results (Unaudited)

£m 2018 2017 HEADLINE GROWTH CER GROWTH UNDERLYING GROWTH
BUSINESS PERFORMANCE
Sales 4,129 4,513 (9)% (6)% (1)%
Adjusted operating profit 546 576 (5)% (2)% 8%
Operating cash flow 513 669      
Adjusted earnings per share 70.3p 54.1p      
Dividend per share 18.5p 17p      
Net Debt (143) (432)      
STATUTORY RESULTS
Sales 4,129 4,513 (9)% (6)% (1)%
Operating profit 553 451      
Profit for the year 590 408      
Cash generated from operations 547 462      
Basic earnings share 75.6p 49.9p      
£ millions 2018 2017 HEADLINE GROWTH CER GROWTH UNDERLYING GROWTH
SALES
North America 2,784 2,929 (5)% (2)% (1)%
Core 806 815 (1)% 0% 0%
Growth 539 769 (30)% (25)% 1%
Total Sales 4,129 4,513 (9)% (6)% (1)%
ADJUSTED OPERATING PROFIT
North America 362 394 (8)% (4)% 1%
Core 57 50 14% 8% 10%
Growth 59 38
55% 74% 97%
Penguin Random House 68 94 (28)% (29)% 10%
Total adjusted operating profit 546 576 (5)% (2)% 8%
all figures in £ millions 2018 2017
Operating profit 553 451
Add back: Cost of major restructuring 102 79
Add back: Intangible charges 113 166
Add back: Other net gains and losses (230) (128)
Add back: UK pension GMP equalisation 8 -
Add back: Impact of US tax reform - 8
Adjusted operating profit 546 576