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  "presentationDate": "2023-07-01 00:00:00",
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      "text": "Divisional guidance and phasing\nEnglish Language Learning revenue growth raised from high-single digit to c.20% for 2023. Investing a portion of operating leverage to support future growth opportunities.\nIn Workforce Skills, given our focus on delivering modular solutions, our 2023 and 2022 to 2025 growth expectations for this division are likely to be more stretching.\nGrowth in Pearson+ will lead to a shift in Higher Education revenue recognition from Q3 to Q4.\nContract timing in A&Q will see delivery in earlier quarters with Q4 revenue growth lower than average. We are confident in achieving our full year revenue growth expectations.\nIn Virtual Learning the termination of the ASU contract will continue to impact growth in H2.\nRevenue growth expectations for Virtual Schools remain unchanged with H2 enrolments impacted by the loss of a previously cited large school contract.",
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      "text": "Group outlook*\n2023 Group revenue, adjusted operating profit and profit margin outlook remain in line with expectations.\nWe reiterate our guidance of mid-single digit Group revenue growth for 2022-2025 and for margins to rise to upper end of mid-teens in 2025.",
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      "text": "*2023 consensus on the Pearson website as at 19th April 2023; median adjusted operating profit of £568m at £:$ 1.20, interest charge £34m, tax rate 24%. Our Group revenue growth expectation for 2023 is low to mid-single digit, excluding OPM and the Strategic Review businesses.",
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