Pearson sales drop 10% in 'challenging' 2020

Pearson sales drop 10% in 'challenging' 2020

Pearson has reported group sales fell 10% in 2020 in its January trading update, reflecting the continuing impact of Covid. 

With adjusted operating profit for the year expected to be in range of £310m-315m, the company said the impact of the pandemic was felt most acutely in its International and Global Assessment businesses, down in revenue 19% and 14% respectively, due to closures of test centres and schools and the cancellation of exams, as well as “reduced global mobility” and “international economic pressure on spending”.

However, it said the demand for digital learning had accelera...

This is subscriber-only content

Not a subscriber? Get unrestricted access to all the news, charts, previews, data & analysis by subscribing from as little as £3 per week.


Why Subscribe?

Every issue of The Bookseller magazine

Unlimited access to thebookseller.com (single user)

The Bookseller e-edition app for tablet and mobile

Subscriber-only newsletters

Twice yearly Buyer's Guides worth £50

Discounts on The Bookseller Awards and Conferences

Click here to subscribe now