Financial Highlights
| |
Year ended
31 December 2008 |
Year ended
31 December 2007 |
Change |
| Turnover |
£2,441m |
£2,073m |
+18% |
| Underlying operating profit * |
£320.9m |
£271.3m |
+18% |
| Underlying profit before tax * |
£277.2m |
£238.4m |
+16% |
| Underlying earnings per share* |
33.26p |
28.10p |
+18% |
| Total dividend per share |
14.4p |
12.0p |
+20% |
* excludes intangible amortisation of £18.6m (2007: £9.7m) and the non-cash impact of mark to market movement on callable swaps of £32m
Key points
Excellent organic growth. Major contract wins and renewals of £1.24bn in 2008(2007: £1.89bn). £610m contracts secured in first 7 weeks of 2009.
Bid pipeline stands at £3.1bn (Feb 2008: £2.5bn); markets remain highly active. Continued operating margin progression: increased by 6 basis points to 13.15%(2007: 13.09%).
Strong underlying operating cash flow up by 17% to £392m (2007: £334m).20% dividend increase, maintaining our progressive dividend policy.
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."
For further information:
The Capita Group Plc
Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director |
Tel: 020 7799 1525 |
| Capita Press Office |
Tel: 020 7654 2152 or
0870 2400 488 out of hours |
Financial Dynamics
Andrew Lorenz |
Tel: 020 7269 7121 |