Business Briefing
May 22 2003 - 5:00AM
UK Regulatory
RNS Number:4215L
Capita Group PLC
22 May 2003
22 May 2003
THE CAPITA GROUP PLC
Capita Business Briefing Meeting - 22nd May 2003
The Capita Group Plc ("Capita"), one of the UK's leading professional support
services organisations is today holding a business briefing, including a visit
to the BBC TV Licensing Centre in Bristol, for institutional investors and
analysts. Around 50 people will be attending the event.
Capita will give an update on current trading which continues to be encouraging
across the Group. It will indicate that revenue growth remains buoyant. As
stated at the AGM on 30 April, "Capita is confident that shareholders will be
pleased by the Group's performance for the year as a whole. Turnover will be not
less than #1,075m for the year to 31 December 2003. Capita also has an
encouraging platform for 2004 and the prospects for future growth remain
excellent."
The Group's bid pipeline, which currently stands at #2.4bn, remains active with
a number of major bids at varying stages of procurement. In addition, Capita is
experiencing strong organic growth within the business. The Group has an
excellent track record of successfully managing prospects from early stage
through its bid pipeline to profitable long-term contracts. The opportunities
within the growing outsourcing services market remain very attractive and Capita
continues to pursue only those contracts that offer acceptable combinations of
risk and reward for shareholders. Cash generation remains strong and capital
expenditure levels are in line with expectations of #35m for 2003.
The briefing will cover four other areas:
1. An update on the current service performance of the BBC TV Licence
contract. There will also be an outline of the technical transformation
programme that the Group is currently implementing, together with a tour of the
Centre.
2. The performance of the Financial Services business within the Group,
which includes Share Registration, Unit Trusts and Trustee services. This will
indicate strong performance, a repositioning of the business and will
demonstrate that Capita IRG has grown by 35% since becoming a part of the Group
in 2000.
3. On the education front, there will be a presentation about the recent
successful contract won to deliver the Teachers' Pension service, including an
insight into the growth plans for the Pensions services business. There will
also be a related presentation on the opportunities in education, including the
work currently being undertaken with the London Borough of Hackney and Leeds
City Council.
4. A presentation on the Capita Life & Pensions service, examining the
market dynamics, current developments and opportunities. There will also be an
update on achievements within the Lincoln contract.
- Ends -
For further information:
The Capita Group Plc 020 7799 1525
Rod Aldridge, Executive Chairman
Paul Pindar, Chief Executive
Shona Nichols, Group Marketing Director
Capita Press Office 020 7544 3141
Issued by Finsbury 020 7251 3801
Morgan Bone
Mark Harris
Notes to Editors:
The Capita Group Plc, is the UK's leading provider of integrated professional
support service solutions. The Group's service capabilities encompass customer
services, financial services, human resource services, software services,
systems and strategic support and property services delivered to both public
sector and private organisations. With over 17,000 employees at more than 200
offices across the UK, Capita is quoted on the London Stock Exchange (CPI.L),
and is a constituent of the FTSE 100, with revenues for 2002 of #898 million.
In April 2003 Capita was named Company of the Year in the Royal Bank of Scotland
Sunday Times Business Awards. Capita has won Management Today's Most Admired
Support Services Company Award in 2001 and 2002.
Further information on The Capita Group can be found at: www.capita.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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