PEARSON UPBEAT ON TRADINGA Pearson

PEARSON UPBEAT ON TRADING
A Pearson met or exceeded its previous guidance for 2008 in all its businesses, the publisher said this week. This was in marked contrast to a number 5 of 'bearish' announcements from rival educational , book and newspaper companies. The owner ofthe Financial Times said, in a trading update, that it expected full-year earnings growth 10 of around 20 per cent, indicating that adjusted earnings per share could advance from 46.7p to about 56p, ahead of consensus forecasts of 51p. B 'We are naturally cautious about the 15 economic environment, but we take confidence from our performance in 2008,' said Dame Marjorie Scardino, ChiefExecutive. 'Some ofour markets will be tough this year, and we are 20 managing the company accordingly,' she added. However, Pearson 's strategy,past investments and resilience would enable it 'to take full advantage of the opportunities this environment 25 gives us to build our business and gain [market] share' . C Pearson's shares closed up 27p at 625p. Pearson's statement stood in clear contrast to recent comments by 30 some rivals. McGraw-Hill , the US educational publisher, cautioned in January that spending by states on elementary- to high-school materials had slumped since August and might 35 fall by 10-15 percent this year. D This statement marks the second time in three months that Pearson has indicated that its earnings would be above consensus levels. It noted 40 that earnings had benefited from the strength of the dollar and a tax rate towards the lower end of a previous 27-29-per-cent guidance range. E Analysts had also been prepared for 45 poor Christmas sales from consumer book publishers, since Borders, the US book retailer, said its holiday sales had fallen by 11 per cent. Analysts were also worried about the impact 50 of a weak advertising market on the FfGroup. F Simon Baker of Credit Suisse commented, 'It is good news, but there are some question marks. Pearson is 55 a late-cycle company, and if the good news now is coming from market share increases, from the tax charge and the strong dollar, people are generally going to be cautious about as- 60 smning all that will continue.' Alex de Groote, analyst at Panmure Gordon, stated 'There are certainly no new horror stories, but I remain concerned about exposure to the education 65 market in the US.' G Pearson's statement highlighted the strength in its historically countercyclical US higher-education business. This has benefited from a contracting 70 job market, which has encouraged more people to invest in continuing education rather than looking for employment. Growth in the international education business helped 75 offset ' some weakness' in the US school publishing market, which accounts for approximately one-fifth of Pearson Education, and slightly more than 10 per cent of group revenues. H Ff Publishing, which includes the FT, business magazines and online brands such as Mergermarket, saw an advertising slowdown in the fourth quarter, but produced 'good sales and 85 profit growth' for the full year. I Penguin Group UK (which incorporates famous brands such as the Rough Guides to travel, Penguin Classics and the Puffin and Ladybird children's 'Xl books) performed ' in line with expectations', Pearson said.

Kết quả (Litva) 1:

PEARSON OPTIMISTINĖS DĖL PREKYBOSA Pearson met or exceeded its previous guidance for 2008 in all its businesses, the publisher said this week. This was in marked contrast to a number 5 of 'bearish' announcements from rival educational , book and newspaper companies. The owner ofthe Financial Times said, in a trading update, that it expected full-year earnings growth 10 of around 20 per cent, indicating that adjusted earnings per share could advance from 46.7p to about 56p, ahead of consensus forecasts of 51p. B 'We are naturally cautious about the 15 economic environment, but we take confidence from our performance in 2008,' said Dame Marjorie Scardino, ChiefExecutive. 'Some ofour markets will be tough this year, and we are 20 managing the company accordingly,' she added. However, Pearson 's strategy,past investments and resilience would enable it 'to take full advantage of the opportunities this environment 25 gives us to build our business and gain [market] share' . C Pearson's shares closed up 27p at 625p. Pearson's statement stood in clear contrast to recent comments by 30 some rivals. McGraw-Hill , the US educational publisher, cautioned in January that spending by states on elementary- to high-school materials had slumped since August and might 35 fall by 10-15 percent this year. D This statement marks the second time in three months that Pearson has indicated that its earnings would be above consensus levels. It noted 40 that earnings had benefited from the strength of the dollar and a tax rate towards the lower end of a previous 27-29-per-cent guidance range. E Analysts had also been prepared for 45 poor Christmas sales from consumer book publishers, since Borders, the US book retailer, said its holiday sales had fallen by 11 per cent. Analysts were also worried about the impact 50 of a weak advertising market on the FfGroup. F Simon Baker of Credit Suisse commented, 'It is good news, but there are some question marks. Pearson is 55 a late-cycle company, and if the good news now is coming from market share increases, from the tax charge and the strong dollar, people are generally going to be cautious about as- 60 smning all that will continue.' Alex de Groote, analyst at Panmure Gordon, stated 'There are certainly no new horror stories, but I remain concerned about exposure to the education 65 market in the US.' G Pearson's statement highlighted the strength in its historically countercyclical US higher-education business. This has benefited from a contracting 70 job market, which has encouraged more people to invest in continuing education rather than looking for employment. Growth in the international education business helped 75 offset ' some weakness' in the US school publishing market, which accounts for approximately one-fifth of Pearson Education, and slightly more than 10 per cent of group revenues. H Ff Publishing, which includes the FT, business magazines and online brands such as Mergermarket, saw an advertising slowdown in the fourth quarter, but produced 'good sales and 85 profit growth' for the full year. I Penguin Group UK (which incorporates famous brands such as the Rough Guides to travel, Penguin Classics and the Puffin and Ladybird children's 'Xl books) performed ' in line with expectations', Pearson said.

Kết quả (Litva) 2:

PEARSON apie prekybą optimistiška
atitiko ar viršijo savo Pearson ankstesnę 2008 gaires visiems savo spausdinimo verslui, leidėjas sakė šią savaitę. Tai buvo spausdinami Nhan priešingai skaičių 5 "Lokiniai" pranešimai varžovų švietimo, knygų ir laikraščių kompanijų. Nutolusių Financial Times "savininkas sakė, kad prekybos atnaujinimo, kad tikimasi, visus metus pajamų augimas sudaro apie 20 procentų 10, Vienai akcijai tenkantis pelnas pakoreguoti NGU MA galėtų pasistūmėti nuo 46.7p maždaug 56P, prieš sutarimo prognozių 51P. B Esame natūraliai atsargūs apie 15 Ekonominė aplinka, bet imtis pasitikėjimą iš mūsų Chung spausdinimo veiklos 2008 "sakė Dame Marjorie Scardino, ChiefExecutive. "Kai ofour rinkose bus sunku šiemet, ir mes 20 atitinkamai valdymas įmonę", pridūrė ji. Tuy nhiên Pearson "strategija, Investicijos ir atsparumas praeityje leistų ją" visiškai pasinaudoti galimybėmis šį aplinką statyti 25 suteikia mums mūsų verslą ir įgyti rinką [] Dalintis ". C Pearson Akcijos uždarytas 27P ne 625p. Pearsono pareiškimas stovėjo spausdinti aiškų kontrastą paskutinių komentarų 30 Kai kuriais konkurentais. McGraw-Hill, JAV švietimo leidėjas, įspėjo sausio mėnesio MA išlaidų valstybių į Elementarioji aukštos mokyklos medžiagų nuo rugpjūčio ir gali, hda, smuko 35 proc šiemet sumažės 10-15. Šis pareiškimas žymi antras D kartą per tris mėnesius nurodė Co Co "Pearson būtų virš jos sutarimas Pelnas lygį. Ji pažymėjo, 40 mA Pelnas naudos iš stiprumo hda dolerio ir mokesčio tarifą, mažesnį siekiant sukurti ankstesnės gairės, 27-29 už procento diapazone pabaigoje. E analitikai hda, taip pat esu được paruošta 45 prastų kalėdinių pardavimų iš vartotojų knygų leidėjų, nes sienų, JAV knygų mažmenininkas, sako jo atostogų pardavimai 11 proc nukrito hda. Analitikai taip pat esu susirūpinęs LA 50 poveikio silpna reklamos rinkoje dėl FfGroup. F Simonas Bakeris iš "Credit Suisse" komentavo: "Tai yra gera žinia, tačiau yra keletas klaustukai. Pearsono yra vėlai ciklo įmonė 55, o jei gera naujiena, dabar yra iš užimamos rinkos dalies padidėjimas nuo mokesčių už ir stipraus dolerio, žmonės bus atsargesni apie Apskritai pa- 60 smning visa tai tęsis. " Alex De Groote analitikas Panmure Gordon, nurodė: "Yra žinoma, jokių naujų siaubo istorijos, bet aš vis dar Susirūpinę poveikio į rinką 65 švietimo į JAV. G Pearson pareiškimas pabrėžė jėgų jo spausdinimo aukštojo mokslo Istoriškai JAV anticiklinio verslas. Tai buvo naudinga perkančioji darbo rinkos 70 MA tikrasis narys yra skatinami investuoti daugiau người Spausdinti thay tęstinio mokymo ieško darbo. Augimas tarptautinėje švietimo verslą padėjo kompensuoti 75 'silpnumas, kai "JAV mokyklų leidybos rinkoje, MA sudaro penktadalį khoảng Pearson Education, ir šiek tiek daugiau anglių 10 procentų grupės pajamų. Ff O Leidyba, MA apima FT, verslo žurnalų ir interneto Prekinio như Mergermarket, reklamos pjūklą ketvirtąjį ketvirtį sulėtėjo, bet gamino "gerų pardavimų ir pelno augimą 85 'už visus metus. Aš pingvinas GROUP UK (MA apima žinomų prekinių ženklų như Rough Guides keliauti, Penguin Classics ir Puffin ir Ladybird vaikų "knygų Xl) atliko" atitinka lūkesčius, "teigė" Pearson.