Our International Education company,
the world leader by revenues,
is active in more than 70 countries.
It is a major focus of our strategy, and sales and profits have doubled since 2006. Our strategy is to combine educational content, assessment, technologies and related services to help educational institutions become more effective and their students more successful. We expect to benefit from a series of powerful long-term global trends: increasing public and private spending on education (despite current pressures on public spending in developed markets); growing participation rates in elementary, secondary and higher education; the demand for assessment to provide measures of achievement; the growing technology infrastructure in educational institutions; and the rise of English as a global language.
Our International Education business has significant exposure to a wide range of currencies including the US dollar and the euro. In 2010, currency movements boosted revenues by £38m and adjusted operating profits by £15m compared to 2009.
£ millions | 2010 | 2009 | Headline growth | CER growth | Underlying growth |
---|---|---|---|---|---|
Sales | 1,234 | 1,035 | 19% | 16% | 6% |
Adjusted operating profit | 171 | 141 | 21% | 10% | 8% |
To learn more about TutorVista, watch our film at www.pearson.com/films
Starting a global conversation
Student enrolments at our Wall Street English schools increased by 27%. We announced plans to open 50 new English language centres in China adding to the 66 centres and schools already operating under the Wall Street English and Longman English brands. We also acquired Wall Street Institute (WSI), which provides premium spoken English training for adults, for $101m in cash. WSI has about 340 franchised learning centres in 25 territories in Asia, Europe, the Middle East and Africa.
To learn more about Wall Street English,
watch our film at www.pearson.com/films
Learning: a systemic approach
Pearson agreed a strategic partnership with Sistema Educacional Brasileiro (SEB) in Brazil to provide services to its educational institutions and to acquire its school learning systems (‘sistema’) business for $517m. SEB’s serves more than 450,000 students across both private and public schools.
To learn more about SEB,
watch our film at www.pearson.com/films