Q1 2019 Pearson PLC Trading Statement Call Transcript
Welcome to the Pearson 2019 Q1 Trading Update Conference Call. (Operator Instructions). Just to remind you, this conference call is being recorded.
I will hand the call to our host Coram Williams, CFO. Please begin.
Thank you, Mark. Good morning, everybody, and thank you for joining us today for our Q1 trading update. I'm Coram Williams, and I'll start by giving you a brief overview of the quarter, which is our smallest of the year, before moving on to take your questions.
In the next few minutes, I'm going to run through our guidance, sales performance and balance sheet. As you all have seen in this morning's release, overall trading was in line with our expectations. So I will keep my detailed comments short to leave more time for your questions.
Our guidance for 2019 after adjusting for the benefit for IFRS 16 and the disposal of our U.S. K12 Courseware business remains unchanged. We expect to deliver adjusted operating profit of between GBP 590 million to GBP 640 million
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