Information  X 
Enter a valid email address

Capita Group PLC (CPI)

  Print      Mail a friend       Annual reports

Thursday 22 May, 2003

Capita Group PLC

Business Briefing

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

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

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:

                      This information is provided by RNS
            The company news service from the London Stock Exchange