In its largest business, education, Pearson said that it continued to perform very well competitively and will report its strongest year ever.
Pearson said that the FT Group grew strongly in all its subscription businesses, and FT Publishing also sustained its advertising revenue growth and achieved a further significant margin improvement.
I added that it now expects to report full-year adjusted earnings at or above the top end of the range of current market expectations.
Marjorie Scardino, chief executive, said: “This is another excellent performance across all our businesses and on all our financial measures. We have produced another record year and our third consecutive year of underlying earnings growth in the mid-teens or higher.
“Over this period we have changed the shape of Pearson, invested in our future growth and made the company more efficient and more resilient. Those moves make us confident that we will sustain our financial and competitive progress in 2008.”
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