Capita revenue leaps on record sales year

Revenue rose 14 per cent to 3.4bn pounds in the full year to December 31st at Capita, the FTSE 100-listed group that provides business process management and professional support service solutions.

The company reported good sales, operational and financial performance for the year with £4.0bn of contract wins, twice the value recorded in 2011.

Underlying operating profit rose 10% year-on-year to £471.7m, while underlying profit before tax rose 10% to £425.6m.

Underlying earnings per share increased 10% to 53.16p and the total dividend per share expanded 10% to 23.5p.

The group reported operating cash flow before settlements of £519m. This compared to £364m in 2011.

Meanwhile, the operating profit to operating cash conversion rate sharply improved to 110%. This compared to 85% in 2011.

CEO: Group returned to organic growthPaul Pindar, Chief Executive Officer of Capita, commented: "2012 was a year of strong sales and operational performance. We maintained good profit performance, returned to organic growth and delivered improved cash generation. This has positioned us well for 2013.

"Our major contract sales success in 2012 gives us excellent revenue

visibility for 2013. The continued buoyant sales environment, as evidenced by the rapid replenishment of our bid pipeline, provides the ingredients for further growth in 2013 and underpins our confidence in the Group's long term performance prospects."

MF