Pearson PLC
25 June 2003
25 June 2003
2002 INTERIM RESULTS: SEGMENTAL ANALYSIS
Pearson, the international media company, will release its interim results for
the six months ended 30 June 2003 on Monday 28 July 2003.
Ahead of the interim announcement, we are providing our divisional results for
the first half of 2002 based on the segmental analysis introduced for the 2002
preliminary results. This analysis provides a more detailed profits breakdown
for Pearson Education, our largest division, and includes the results of our
internet enterprises within their base businesses.
The 2002 results are as follows:
Pearson Education
£ millions 2002 2002
half year full year
Sales
School 519 1,151
Higher Education 222 775
Professional * 285 784
FT Knowledge ** 23 46
Total 1,049 2,756
Operating profit/(loss)
School 12 115
Higher Education (32) 142
Professional * 29 81
FT Knowledge ** (9) (12)
Total 0 326
* At the start of 2003, we moved our Alpha publishing imprint from Pearson
Education's Professional division to Penguin. In 2002, Alpha had full-year sales
of approximately £19m and profits of £8m.
** In January 2003 we restructured FT Knowledge, selling its corporate training
arm and integrating its remaining businesses within the FT and government
solutions.
Financial Times Group
£ millions 2002 2002
half year full year
Sales
Financial Times 115 224
Other FT Publishing 55 105
Recoletos 74 148
IDC 126 249
Total 370 726
Operating profit / (loss)
Financial Times (11) (23)
Other FT Publishing 6 10
Recoletos 14 29
IDC 35 70
Associates and joint ventures (6) (6)
Total 38 80
Ends
For more information: Luke Swanson + 44 (0) 20 7010 2313
Note to editors: The 'as-reported' 2002 results for Pearson Education and the
FT Group were:
Pearson Education
£ millions 2002 2002
half year full year
Sales
US School 394 892
US College 158 624
US Professional 232 645
International 242 549
Pearson Education 1,026 2,710
FT Knowledge 23 46
Total 1,049 2,756
Operating profit/(loss)
Pearson Education 0 326
Financial Times Group
£ millions 2002 2002
half year full year
Sales
Non-internet 347 678
Internet enterprises 23 48
Total 370 726
Operating profit / (loss)
FT Newspaper 7 1
Other FT Publishing 7 13
Recoletos 14 29
Interactive Data Corporation 37 74
Associates and joint ventures (3) (3)
Internet enterprises (24) (34)
Total 38 80
This information is provided by RNS
The company news service from the London Stock Exchange
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