Underlying profit growth driven by continued strategic progress in 2018
Expect to deliver adjusted operating profit of £540m-£545m for 2018, in line with guidance of £520m to £560m
· Adjusted earnings per share of 70.0p-71.0p reflecting one-off tax benefits and a lower finance charge as disclosed in Pearson's Q3 trading update.
· Total underlying revenues were down 1% year on year, with declines in US Higher Education Courseware (US HECW) of 5% and US K12 courseware largely offset by the rest of the business growing in aggregate at over 1%.
· Revenue in North America declined 1%, Core was flat and Growth was up 1%.
· Strong balance sheet with closing net debt at 31 December 2018 expected to be around £200m (2017: £432m).
https://www.investegate.co.uk/pearson-p ... 00031959N/