In the last year Oxford University Press built on its established reputation for transforming lives through education. Amid mixed trading conditions, OUP delivered some positive financial performances in specific regions and sectors. The Press’s continued commitment to increasing the reach of its global educational publishing resulted in more than seven million teachers and learners using its online materials. OUP published more than 5,600 new resources, and delivered professional development to just under 300,000 teachers.
Market fluctuations, government interventions, and curriculum reform contributed to a challenging year for education publishing.
More speciﬁcally, reduced growth in many emerging economies continued to hinder a number of OUP’s ELT businesses—Brazil and CAMENA (Central Asia, Middle East and North Africa) in particular. There was volatility in several of OUP’s African branches, and South Africa experienced reduced budgets for school learning resources and disruption to higher education.
Changes to regulatory frameworks and education policy across Asia proved challenging in 2015. This included mandated use of textbooks by central and local governments, ongoing challenges to the charging models for educational materials in Pakistan and Hong Kong, and changes to curricula and education policy in several markets. The Press experienced strong growth in Pakistan, India, and China, despite these diﬃculties. Curriculum reform bolstered performances in Spain and UK Secondary. Mexico and Kenya also performed well.