Pearson is on track to produce record profits in 2006 and expects adjusted earnings per share to come out at the top end of analyst’s expectations.
The
Financial Times publisher said that it continued to perform strongly through the fourth quarter of 2006, with all of its businesses trading well.
Pearson Education sustained its good revenue momentum and achieved further margin improvement, ahead of expectations, with the company benefiting from its investments in educational testing and technology.
In a trading statement, Pearson said that the Financial Times added circulation and advertising and Penguin had a good year-end publishing and selling season.
Pearson chief executive, Marjorie Scardino, said: “A strong all-round performance in our key fourth quarter selling season capped another very good year.
“All around Pearson, our investments in content and technology are paying off. Those advantages have produced Pearson’s highest ever profits in 2006, and will bolster our future growth.”
The group announces its preliminary results for 2006 at the end of next month.
Last week, Pearson’s share price rose to a five year high following takeover speculation (see Pearson Could Sell FT).
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