Education group Pearson restated full-year estimates and said its new integrated structure under Andy Bird had helped it save costs and grow revenue.
The British company, which rejected three takeover offers from US group Apollo in March to push a direct-to-consumer strategy, posted a 6% rise in underlying sales and a 22% rise in adjusted operating profit.
Pearson is recovering from years of turmoil sparked by the US education industry’s shift to the online market.
It has set a new strategy of building platforms to sell educational tools directly to consumers, not just to schools, colleges or stores.
It is also expanding into workforce training with recent acquisitions.
Source: Capital
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