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...

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