London: Business outsourcing group and UK public sector specialist Capita reported sold financial results for the year to December 31 2012.
It saw underlying pre-tax profit up 10% to £425.6 million on revenue up 14% to £3.35 billion.
- Record sales year
- £4.0bn of contract wins (2011: £2.0bn),
- Largest ever contract win, Staffordshire County Council, £1.7bn over 20 years
- £178m spent on 14 acquisitions in 2012
- New service delivery operation established in South Africa
Paul Pindar, Chief Executive of Capita plc, 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."