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
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Adjusted operating profit    
North American Education (14) 273
International Education 3 92
Professional 11 27
Education 0 392
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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
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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
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*re-stated to reflect the February 2008 disposal of the Data Management (Scanners) business as discontinued.

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