Capita Group PLC
28 May 2002
28 May 2002
THE CAPITA GROUP PLC
CAPITA BUSINESS BRIEFING MEETING 28th May 2002
& UPDATE OF REVENUE ESTIMATE FOR 2002
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 Criminal Records Bureau in Liverpool, for institutional investors and
analysts. Around 60 people will be attending the event.
Capita will review current trading covering major contract wins, incremental
business growth and acquisitions. All three elements show strong performance
across all fronts. Consequently, as at the date of the Briefing, Capita has
increased its estimate of revenues for 2002 to £895m, representing 30% growth on
the prior year. Underlying organic growth is 21%. In the case of contract
wins, the Group has now won £850m of new contracts in the first 5 months of the
year (full year 2001: £744m). The Group is also involved with bids worth £1bn
and expects to make further announcements over the next quarter.
The Briefings will cover four areas:
i) a presentation on the Criminal Records Bureau from Bernard
Herdan, the Chief Executive of the Agency and a tour of the building to see the
operation;
ii) a report on progress on the BBC TV Licensing contract
which will start on 1st July 2002. The contract is worth £500m to the Group
over 10 years;
iii) a presentation about the Transport for London congestion
charging scheme including the progress to date, a service overview and key
milestones. This contract is worth £280m to the Group over 5 years and is
scheduled to start in February 2003;
iv) a business and market presentation covering developments in
the Health Service market and the emerging opportunities for transport
management schemes. This presentation will also review developments in the
Human Resource market and the Group's strong capabilities within it, coupled
with an outline of the Insurance market, including Life and Pensions. The
presentation will illustrate that the Group's addressable market now exceeds
£50bn per annum due to new opportunities arising within these markets.
-ENDS-
For further information, please contact:
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 a leading provider of integrated professional support
service solutions. The Group's service capabilities encompass customer services,
insurance services, human resource services, software services, systems and
strategic support and property services delivered to both public sector and
private organisations. With over 14,500 people at over 160 UK sites, Capita is
quoted on the London Stock Exchange and is a FTSE 100 company with revenues in
2001 of £691 million. In November 2001 Capita was awarded the Management Today
Most Admired Business Services Company Award.
This information is provided by RNS
The company news service from the London Stock Exchange
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