-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JmFcFj4M1tQb9iqgkCC5lrKO69uDUqrBNCVWfgm1V/v4G0NoR6P6ho//PopgYeq2 SstsLPI6FLTwXiYBW3rBQg== 0001191638-08-000105.txt : 20080122 0001191638-08-000105.hdr.sgml : 20080121 20080122063706 ACCESSION NUMBER: 0001191638-08-000105 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080122 FILED AS OF DATE: 20080122 DATE AS OF CHANGE: 20080122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PEARSON PLC CENTRAL INDEX KEY: 0000938323 STANDARD INDUSTRIAL CLASSIFICATION: BOOKS: PUBLISHING OR PUBLISHING AND PRINTING [2731] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16055 FILM NUMBER: 08540173 BUSINESS ADDRESS: STREET 1: 80 STRAND CITY: LONDON ENGLAND STATE: X0 ZIP: WC2R 0RL BUSINESS PHONE: 442070102000 MAIL ADDRESS: STREET 1: 80 STRAND CITY: LONDON ENGLAND STATE: X0 ZIP: WC2R 0RL 6-K 1 pson200801226k.txt TRADING STATEMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 - -------------------------------------------------------------------------------- FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of January, 2008 PEARSON plc (Exact name of registrant as specified in its charter) N/A (Translation of registrant's name into English) 80 Strand London, England WC2R 0RL 44-20-7010-2000 (Address of principal executive office) Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F X Form 40-F Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934 Yes No X - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- This Report includes the following documents: 1. A press release from Pearson plc announcing Trading Statement 22 January 2008 PEARSON TRADING UPDATE Pearson is today providing its regular January trading update. Across the company, our trading momentum continued in the fourth quarter and we will produce record profits for 2007. We will also report strong cash generation and a further underlying improvement in our return on invested capital. Our businesses have again achieved good sales growth and margin improvement. In our largest business, education, we continued to perform very well competitively, as expected, and will report our strongest year ever. In business information and consumer publishing, we finished the year ahead of expectations. The FT Group grew strongly in all its subscription businesses, and FT Publishing also sustained its advertising revenue growth and achieved a further significant margin improvement. Penguin combined its ongoing operating improvements with an outstanding publishing performance. We now expect to report full-year adjusted earnings at or above the top end of the range of current market expectations*, even after the significant weakening of the US dollar during the year**. Our full year results will also benefit from a tax charge of approximately 27% on adjusted profit before tax. Marjorie Scardino, chief executive, said: "This is another excellent performance across all our businesses and on all our financial measures. We have produced another record year and our third consecutive year of underlying earnings growth in the mid-teens or higher. Over this period we have changed the shape of Pearson, invested in our future growth and made the company more efficient and more resilient. Those moves make us confident that we will sustain our financial and competitive progress in 2008." Pearson will announce its preliminary results for 2007 on 3 March 2008. ENDS * Range of analyst estimates for 2007 adjusted earnings per share is 42.0p to 45.5p according to Bloomberg. ** Pearson generates approximately two-thirds of its sales in US dollars. The average GBP:$ exchange rate for the full year was GBP1: $2.00 (against GBP1:$1.84 in 2006). Each 5c move in the average GBP:$ exchange rate for the full year affects Pearson's adjusted earnings by approximately 1p per share. For more information: Luke Swanson/ Simon Mays-Smith/ Charles Goldsmith + 44 (0)207 010 2310 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. PEARSON plc Date: 22 January 2008 By: /s/ STEPHEN JONES ----------------------- Stephen Jones Deputy Secretary -----END PRIVACY-ENHANCED MESSAGE-----