Pearson lifts FY guidance on strong assessment unit results
Pearson
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Education group Pearson raised annual profits guidance on Wednesday, driven by its assessment and qualification business.
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The company said it now expected full-year adjusted operating profit of £385m, with sales up 8%, against analysts forecasts of £375m.
Sales in assessment & qualifications, Pearson’s largest business, were up 18% as professional certification (VUE), clinical assessment and US student assessment performed strongly, following a recovery from the Covid pandemic.
Higher education sales were down 5% for the full year with growth in Canadian and UK Courseware more than offset by a 6% decline in US higher education courseware.