Investing.com — said on Friday that underlying group sales rose 4% in the first quarter, and reaffirmed its full-year guidance. The British education company said all of its business units performed in line with expectations.
Pearson highlighted strong performance in Virtual Learning, where underlying sales jumped 21%, driven by strong enrolment momentum in the current academic year, where enrolment growth accelerated to 15%, alongside funding that phased earlier than last year and a favourable mix shift.
Assessment & Qualifications, which has faced pressure in recent periods, is expected to return to growth from the second quarter, the company said.
“We have had an encouraging start to the year, with a good performance in line with our expectations and continued progress against our strategy,” said Omar Abbosh, CEO of Pearson.
“We remain confident in the momentum we are seeing for 2026 and in our ability to deliver attractive growth for our shareholders.”
Higher Education and English Language Learning each grew 2%, while Enterprise Learning & Skills posted an 8% rise.
Pearson also said its £350 million share buyback programme is progressing well.
Source:
www.investing.com
