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Global education company Pearson reported underlying growth across all its divisions in the first half of the financial year and maintained its profit guidance as it began to see benefits from its shift from print to digital.
'We are on track to at least stabilise revenue this year and return the company to top line growth from 2020,' said chief executive John Fallon.
The company said it had also upgraded its earnings per share guidance to be between 57.5p to 63.0p, which it said reflected improvements in the finance charge and taxation at exchange rates at the end of 2018.
However, sales fell 2% to £1.829bn over the period. Pearson said this was largely due to disposals of non-core businesses and noted that its sales and profits were typically weighted towards the second half.
It reported a 35% increase in adjusted operating profit over the period to £144m.
At 8:25am: (LON:PSON) Pearson PLC share price was +57.8p at 933.2p