(By Richard Holway 8.00 am 6th May 09) Capita has issued an IMS for the first 4 months of the year. “All our key financial metrics remain on track”. “Businesses across the Group are trading well and the market for significant outsourcing opportunities remains buoyant.”New contracts worth £767m have been secured in the period. The most active sectors are Life & Pensions, Local Govt and Central Govt. The bid pipeline stands at an impressive £3.1b.
The outlook looks equally strong. Indeed Capita makes play of the opportunities which will accrue from Martin Read's Operational Efficiency Review which identified potential savings of £13.3b from back office activities, IT and collaborative procurement , with the remainder in asset management and sales, property and local incentives and empowerment. Exactly the areas where Capita has such strengths.
Indeed there was nothing in this IMS which could possibly put Capita’s coveted Holway Boring Award in any jeopardy
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