Pearson Education: New Segmental Analysis
Pearson will announce its interim results for the six months ended 30 June 2008 on Monday 28 July 2008. The results will include a new segmental analysis of our education business, and we are today providing details of last year's financial results on this new basis.
Earlier this year, we announced that Will Ethridge had been appointed CEO of Pearson's North American Education businesses and John Fallon CEO of Pearson's International Education businesses. Consistent with this change, we will be reporting our financial performance in education in the following segments:
- North American Education (school and higher education instructional materials, assessment, technology and services in the US and Canada);
- International Education (school and higher education instructional materials, assessment, technology and services in Europe, the Middle East, Africa, Asia and Latin America; and worldwide English Language Teaching materials); and
- Professional (worldwide technology and business publishing; worldwide professional assessment and certification).
Our 2007 results under this new segmental analysis are as follows:
| £ millions | Half year 2007 | Full year 2007 |
| Sales | ||
| North American Education | 599 | 1,667 |
| International Education | 292 | 735 |
| Professional | 104 | 226 |
| Education | 995 | 2,628 |
| blank row | ||
| Adjusted operating profit | ||
| North American Education | (14) | 273 |
| International Education | 3 | 92 |
| Professional | 11 | 27 |
| Education | 0 | 392 |
| blank row | ||
Our segmental analysis of the Financial Times Group and Penguin is unchanged.
ENDS
For more information:
Luke Swanson/ Simon Mays-Smith/ Charles Goldsmith + 44 (0)20 7010 2310
Note to editors:
Our 2007 results, as reported under the old segmental analysis, were as follows:
| £ millions | Half year 2007* | Full year 2007* |
| Sales | ||
| School | 665 | 1,537 |
| Higher Education | 195 | 793 |
| Professional | 135 | 298 |
| Education | 995 | 2,628 |
| FT Publishing | 164 | 344 |
| Interactive Data | 168 | 344 |
| FT Group | 332 | 688 |
| Penguin | 367 | 846 |
| Total sales - continuing | 1,694 | 4,162 |
| blank row | ||
| Adjusted operating profit | ||
| School | 42 | 203 |
| Higher Education | (51) | 161 |
| Professional | 9 | 28 |
| Education | 0 | 392 |
| FT Publishing | 23 | 56 |
| Interactive Data | 45 | 97 |
| FT Group | 68 | 153 |
| Penguin | 18 | 74 |
| Adjusted operating profit - continuing | 86 | 619 |
| Discontinued | 7 | 15 |
| Total adjusted operating profit | 93 | 634 |
| blank row | ||
*re-stated to reflect the February 2008 disposal of the Data Management (Scanners) business as discontinued.