Pearson nine-month trading update
Sales in the first nine months decreased by 2% in underlying terms primarily due to expected declines in North America in school assessment, school and higher education courseware, and the retirement of Learning Studio. Sales in US higher education courseware declined by 1% on an underlying basis, towards the upper half of our expected range. The negative impact of lower enrolments and attrition from growth in the secondary market driven by print rental was partially offset by the benefit of increased digital revenue and a year on year benefit from the reduction in returns from last year’s unprecedented levels, helped by the actions we announced at the beginning of the year. Underlying sales in Core and Growth were in line with our expectations. Click Read More below for additional information.