The Capita Group Plc has announced its results in a Preliminary Statement for the year ended 31 December 2008.
In the year ended 31 December 2008, turnover increased by 18% to 2,441m (2007: 2,073m). Underlying operating profit* rose by 18% to 320.9m (2007: 271.3m) and underlying profit before taxation* increased by 16% to 277.2m (2007: 238.4m). Underlying earnings per share* grew by 18% to 33.26p (2007: 28.10p).
Paul Pindar, Chief Executive of Capita Group Plc, commented: 'Capita delivered a strong performance in 2008. Organic growth was excellent with a wide range of new major contracts secured in the year and with businesses across the Group delivering robust results.
Despite the economic climate, we believe Capita is well placed to continue its
growth. Current conditions present a healthy flow of opportunities for us. Our
pipeline of sales prospects, strong forward visibility of revenues from our long term contracts and consistent operational performance position us well for further strong progress.
Prospects for Capita in 2009 are encouraging. Our success in the first few weeks of 2009, a high level of sales activity and a strong demand for outsourcing in the current economic conditions underpin our outlook for continued growth in 2009 and thereafter.'