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April 25, 2014
09:50 EDTPSOPearson reports Q1 sales GBP0.9B
Reports Q1 sales excluding Penguin and Mergermarket increased by 2% at constant exchange rates, and 1% underlying, to GBP0.9B. Headline sales declined 6% due to the strength of sterling against the US dollar and key emerging market currencies. By geography, North America again benefited from later second semester purchasing in higher education, with December sales again deferred into January, and good growth in digital and services. All key regions in Growth started well. Core was weak, as expected, mainly due to the timing of assessments and qualifications in the U.K.
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