Pearson published their full year-end report for 2021, after a brief update in January, with results “ahead of expectations.” Sales were £3.438 billion, an underlying growth of 8 percent over 2020, “reflecting underlying performance, portfolio changes and currency movements.” Operating profit was £183, down significantly from £411, due to the 2020 sale of shares in PRH and restructuring costs in 2021. Adjusted operating profit was £385 million, compared to £313 million last year, a 33 percent increase, “driven by operating leverage on revenue growth and cost savings offsetting cost inflation and investment to accelerate future growth.” Providing more details about […]
