Pearson plc reported interim management statement for the first three months of 2013. In the first three months of the year, sales including Penguin increased by 3% at constant exchange rates to £1.2 billion (a headline increase of 4% and an underlying decline of 1%). The net debt increased during the first quarter by £397 million to £1,315 million as a result of the appreciation of the US dollar relative to sterling, tax payment on 2012 profits and the normal seasonal build-up of working capital ahead of its key selling periods in education. The company expects 2013 operating profits and adjusted EPS to be broadly level with 2012 before expensing these restructuring costs (compared to 2012 adjusted EPS of 82.6 pence under revised IAS 19 which will adopt in 2013) and including Penguin for the full year. This guidance is struck at an exchange rate of £1:$1.59. Pearson's profits are heavily weighted to the second half. The company expects its first-half operating profits to be lower this year than in 2012, primarily as a result of the phasing of restructuring charges, particularly in the International Education division.

Pearson plc announced the appointment of Linda Lorimer as an independent non-executive director, effective from July 1, 2013. Ms. Lorimer is Vice President of Yale University in New Haven, Connecticut, serving as a senior counsellor to the President and a leader of many strategic initiatives for the university.

Pearson plc announced that they will report Q1, 2013 interim management statement on Apr 26, 2013