Capita increases 2013 full year dividend by 13%

DividendMax Ltd.

Capita increases 2013 full year dividend by 13%
Full year results for the year ended 31 December 2013 
 Strong sales, operational and financial performance


 Revenue               £3,851m       +15%          £3,896m
 Operating profit      £516.9m      +11%         £312.4m
 Profit before tax     £475.0m      +14%          £215.0m
 Earnings per share    59.4p       +14%           27.05p
 Total dividend per 26.5p +13% 26.5p


Delivering sustainable growth

- £3.3bn contract wins (2012: £4.0bn), 81% new/19% extensions

- Secured largest ever contract win by annual value with Telefónica UK (O2),
£1.2bn over 10 years

- Highest ever contract win rate of 2 in 3 (by value)

- Achieved organic growth of 8% (2012: 3%)

- £5.5bn bid pipeline (November 2013: £4.2bn), well diversified across our
target markets

- £271m spent on 13 acquisitions broadening our operational capability and
market reach

- Swift resolution of 2 underperforming areas within our Insurance & Benefits

Strong financial performance

- Revenue growth of 15%

- Underlying operating margin of 13.4%

- Underlying earnings per share up 14% to 59.4p

- Total dividend up 13% to 26.5p

- Underlying operating cash conversion rate of 106% (2012:110%)

- Underlying free cash flow of £312m (2012: £307m)

Strong start to 2014

- £588m new contract wins to date including:

- £145m contract with Transport for London to deliver the congestion charging
and traffic enforcement schemes

- £325m framework contract for Scottish Wide Area Network

Companies mentioned