Capita maintains its 2017 interim dividend

DividendMax Ltd.

Capita maintains its 2017 interim dividend

Capita 2017 interim results

Strategic initiatives: re-positioning going to plan

• Disposal of our Asset Services businesses for £888m to Link Group, expected to complete in Q4 2017

• Completed disposal of transactional specialist recruitment businesses

• Cost initiatives on track to realise around £57m savings by the end of 2018

• Implemented new simplified market facing organisation structure.

2017 H1 financial summary: trading broadly in line with expectations

• Early adopted IFRS 15 from 1 January 2017 on a fully retrospective basis

• Underlying revenue declined by 3%. Growth on a like for like basis1 was 1% including 0.5% organic decline

• Underlying profit before tax up 46% to £195m (H1 2016: £134m)

• Underlying earnings per share up 42% to 22.92p (H1 2016: 16.12p)

Maintained interim dividend of 11.1p (H1 2016: 11.1p)

• Free cash flow before non-underlying items £179m (H1 2016: £214m) and after non-underlying items £182m (H1 2016: £199m)

• Net debt at end June 2017 of £1,596m (H1 2016 £1,901m)

• Reported profit before tax £28m (H1 2016: £37m)

• Reported loss per share (0.11)p (H1 2016: 4.66p).

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