UK's Pearson to meet 2025 profit forecast after strong year-end

Reuters
01/14
UPDATE 1-UK's Pearson to meet 2025 profit forecast after strong year-end

Adds CEO comments in paragraphs 2-3 , shares in paragraph 6

LONDON, Jan 14 (Reuters) - British education company Pearson PSON.L reported a jump in sales growth in the final quarter of the year, driven by its Assessment & Qualifications unit and putting it on track to meet the market forecast for 2026 profit to rise by 6%.

Chief Executive Omar Abbosh said Pearson had started 2026 with good momentum, pointing to an increase in business with enterprises, including doing more work with IBM and Deloitte.

"We said we would go deeper on innovation and AI across our full product suite and we have done that," he said in an interview on Wednesday.

In a trading update ahead of full-year results next month, Pearson said its underlying revenue in 2025 grew by 4%, underpinned by 8% growth in the final quarter.

It said adjusted operating profit would be between 610 million and 615 million pounds, in line with market forecasts.

The market, however, marked Pearson's shares down 7.5% in morning deals to the lowest level since December 9.

Dan Coatsworth, head of markets at AJ Bell, said a lack of detail on its guidance and the loss of a U.S. student assessment contract in New Jersey saw Pearson punished in early trading.

Pearson's Chief Financial Officer Sally Johnson said the lost New Jersey contract was worth 20-30 million pounds, adding that the group had a track record of winning similar deals.

(Reporting by Paul Sandle; editing by Sarah Young)

((paul.sandle@thomsonreuters.com; +44 20 7542 6843; Reuters Messaging: paul.sandle.thomsonreuters.com@reuters.net))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10