12th May 2015 08:06
LONDON (Alliance News) - Capita PLC Tuesday said it is on track to meet analysts' expectations for 2015, delivering low-double-digit revenue growth, after securing a larger amount of contracts in the year so far.
The support services giant said it has secured GBP1.2 billion of contracts so far in 2015, up from GBP1.1 billion a year earlier, and bought seven businesses for a combined GBP215 million. It added that its bid pipeline, which stood at GBP5.1 billion on February 26, remains buoyant in both the public and private sector.
Capita also said Tuesday it has been made preferred bidder to form a strategic partnership to deliver corporate services for the Central London Community Healthcare NHS Trust, a deal it says will be worth GBP80 million to the company over the next 10 years.
The trust is the largest community healthcare services provider in London, with over 3,000 staff supporting a population of more than 1 million people across Barnet, Hammersmith & Fulham, Kensington & Chelsea and Westminster and beyond. The support services giant will manage and deliver a range of support services on behalf of the trust, including ICT, payroll and recruitment, and estates and facilities management.
"We have good visibility and remain on track to deliver low double digit revenue growth and meet consensus expectations in 2015, supported by contract wins and acquisitions announced in the year to date and the full year benefit from those completed in 2014," the company said in a statement ahead of its Annual General Meeting.
Capita shares were down 1.4% at 1,229.00 pence Tuesday morning.
By Steve McGrath; [email protected]; @stevemcgrath1
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Capita