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Capita Continues To Progress

Capita Continues To Progress

Capita Group plc has announced its half year results for the 6 months to 30 June 2009. Turnover was up 11% to 1,311 million with an underlying pbt of 141.7 million up 18% yoy.

Key points

* Solid organic growth with major contracts secured up 30% to 814m (6 months
to 30 June 2008: 626m)

* Operating margin increased to 12.2% (6 months to 30 June 2008: 11.9%)

* Strong free cash flow - up 20% to 122m (6 months to June 2008: 102m)

* 17% increase in half year dividend to 5.6p per share

* Demand for outsourcing remains buoyant. Bid pipeline of 3bn (Feb 2009:

* 9 acquisitions completed to date in 2009 at a cost of 92.7m.

Paul Pindar, Chief Executive of The Capita Group Plc, commented:

'Capita has made good progress in 2009. The majority of our businesses across the Group have performed well and we have secured new and renewed major contracts worth 814m in the first 6 months of the year. Our businesses are focused on operating at optimum efficiency and harnessing our extensive scale benefits to enable continued successful growth.

We remain confident regarding our prospects. Our operational performance is
consistently strong providing an excellent background for further expansion.
Demand for outsourcing across our chosen markets continues to be buoyant,
generating an encouraging volume of opportunities. Our successes in 2008 and progress in the first half of 2009 position us well for a successful year. We are now focused on building a strong platform for continued growth in 2010 and beyond.'


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