(CercleFinance.com) – Pearson, the world leader in education, reported on Monday half-year results above expectations and renewed its forecasts for the full year,
The British publishing group unveiled this morning a 6% increase in its organic turnover over the first six months of the year, to 1.79 billion pounds, against a consensus established around 1.73 billion. .
He says he has benefited in particular from a 22% increase in his English language learning activity, the easing of health restriction measures having benefited his ‘Pearson Test of English’, a computerized test allowing to measure the mastery from English.
Its adjusted operating profit improved to 160 million pounds at the end of the first half, against 127 million over the same period of 2021.
In its press release, Pearson adds that it continues to make progress both strategically and operationally.
The group says it has identified at least 100 million pounds of additional efficiency gains to be made next year, which should allow it to accelerate its profit margins from 2023, and no longer from 2025.
Following all these announcements, the title took more than 10% on Monday, signing the best performance of the FTSE 100 index of the London Stock Exchange.
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