Pearson(US:PSO)2024-09-12 19:55Financial Performance - Revenue reached £1,754 million, reflecting a 2% underlying increase [5] - Adjusted operating profit increased by 4% underlying to £250 million [5] - Operating cash flow increased by £50 million to £129 million [5] - Free cash flow increased by £77 million to £27 million [5] - Interim dividend increased by 6% to 74p [5] Segment Performance - Assessment & Qualifications sales increased by 2% underlying to £811 million [8] - Virtual Learning sales decreased by 8% underlying to £254 million [8] - Higher Education sales decreased by 2% underlying to £358 million [8] - English Language Learning sales increased by 11% to £188 million [8] - Workforce Skills sales increased by 6% to £143 million [8] Strategic Initiatives - Pearson+ registered users reached 50 million, with 1107k cumulative paid subscriptions [8] - The company is targeting a mid-single digit underlying sales CAGR [21] - The company is targeting an average margin growth of 40 bps p a beyond 2025 [21] - The company is targeting 90 –100 % free cash conversion [21]