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Pearson

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Pearson is the world's largest education company with revenue of £4,390m (approx. $7bn) in 2011. The company operates in the US (its largest market), the UK and in other developed and developing countries. Revenue from developing markets accounted for 13% of Pearson's education revenue in 2011. In 2011, Pearson spent over $1,100m acquiring education companies in the US, UK, China, India and Germany.

THREE YEAR FINANCIALS

Pearson Education

 

 

 

Year ended 31 December

2011

2010

2009

 

£m

£m

£m

North American Education

 

 

 

Sales

2,584

2,640

2,470

Adjusted operating profit

493

469

403

Margin

19.1%

17.8%

16.3%

International Education

 

 

 

Sales

1,424

1,234

1,035

Adjusted operating profit

196

171

141

Margin

13.8%

13.9%

13.6%

Professional Education

 

 

 

Sales

382

333

275

Adjusted operating profit

66

51

43

Margin

17.3%

15.3%

15.6%

Total Pearson Education

 

 

 

Sales

4,390

4,207

3,780

Adjusted operating profit

755

691

587

Margin

17.2%

16.4%

15.5%

Sales growth

4.3%

11.3%

21.5%

Adj operating profit growth

9.3%

17.7%

23.8%


Pearson plc's CEO is Marjorie Scardino. Appointed CEO of Pearson in 1997, Marjorie Scardino is responsible for turning around a 1970s conglomerate into the world's number one education company. In this clip she talks about Pearson's Always Learning strategy.




Articles from the October 2019 edition

  Pearson hit by significantly weaker than expected Q3 trading in US HE courseware
  Pearson restructures leadership team
  Pearson partners Harrow School to launch online sixth-form for international students
  Pearson delivers 2% increase in underlying first half year revenue
  Pearson wins Egyptian online formative assessment contract
  McGraw-Hill and Cengage plan merger
  Credly closes $11.1m funding round
  Pearson delivers 2% increase in underlying revenue in Q1
  Pearson launches new $50m venture fund
  Pearson sells US K-12 courseware business to Nexus Capital Management for $250m
  Higher than expected cost savings help Pearson meet profit guidance
  The Assignment Report Monthly Sharewatch: Mixed performance by listed companies in 2018