Capita Group PLC
30 September 2004
30 September 2004
THE CAPITA GROUP PLC
The Capita Group Plc ('Capita'), the UK's leading business process outsourcing
and professional support services organisation, is today holding a business
briefing for institutional investors and analysts. This briefing includes a
visit to Capita PPML, the Group's new Self Invested Personal Pensions (SIPPs)
administration business in Salisbury. Around 50 people will be attending the
Capita will give an update on current trading, which continues to be
encouraging. Cash generation remains strong and as stated at the AGM on 29
April, 'Capita is confident that shareholders will be pleased by the Group's
performance for the year as a whole. The prospects for future growth remain
The Group's bid pipeline for major bids where Capita is down to the last four or
better, currently stands at £2.6bn and remains active. The private sector
involving insurance and life and pensions is particularly buoyant.
The Group announces two new private sector deals today:
•A 7 year deal worth £13m, subject to contract, to administer a range of
unit trust funds, currently valued at £1.5bn, for Canada Life
•A 10 year contract projected to generate revenues of £46m to provide long
term savings administration for HBOS
To date this year, the Group has now won work totalling £1.19bn (comprising
£1.15bn of new contracts and £33m of extensions of existing contracts).
The briefing will cover four other areas:
1. An update on Capita's Life & Pensions Services including the market
opportunity and the arrangements for the administration of the Child Trust
Fund. This session will include a tour of Capita PPML.
2. A description of the activities which the Group is undertaking on the Miners'
Liability Claims contract for the Department of Trade & Industry (DTI).
3. A presentation on the Document Management and Storage contract undertaken for
the Department of Works & Pensions (DWP).
4. An outline of the activities undertaken by Capita Symonds, the Group's
Property Consultancy Business, including an update on the market
opportunities which exist in the Public & Private sectors.
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
The Capita Group Press Office 0870 2400 488
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, pensions software
services, systems and strategic support and property services delivered to both
public sector and private organisations. With over 22,000 employees at more than
200 offices across the UK, Capita is quoted on the London Stock Exchange (CPI.L)
with revenues for 2003 of £1081 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.
This information is provided by RNS
The company news service from the London Stock Exchange