Professional services firm Capita is on track to deliver strong profits and secure organic growth of 3% for the year after publishing its interim statement on 13 November.
The UK-based FTSE 100 company reported strong sales data, with major contract wins totalling £1.7 billion in 2012 to date.
Capita group has won 33 major sales contracts, of which 76% relates to new contract wins and 24% to renewals.
Buoyant sales boil down to another successful year of outsourcing for Capita, which owns contracts with both the civil service and the private sector.
Some of the larger contracts won this year include:
- Partnering with the Ministry of Defence to deliver the Recruiting Partnering Project for the army, and the enabling technology for the Royal Navy and the Royal Air Force, in a contract valued at approximately £50m a year for 10 years.
- The Civil Service Learning agreement -where Capita was selected by the Cabinet Office to exclusively manage the provision of training across the Civil Service in a two-year contract, with the option to extend for a further two years.
- Being selected as the preferred bidder by North Tyneside Council to provide wide-ranging property, highways and maintenance services in a partnership worth approximately £152m over 15 years.
- And major private sector contracts for customer management services for Debenhams and Scottish Power
By value, 68% of the bids in the pipeline are public sector, mainly in central government, local government, education and defence and 32% are in the private sector, from the financial services, retail, utilities and telecoms sectors.
The group is expecting a number of decisions regarding bids in the pipeline towards the end of this year and the first quarter of 2013.
"Behind our bid pipeline, there is a strong prospect list of opportunities at various stages of the bid process, including a number which are close to shortlist stage," the company said.
However, some analysts remained concerned about the amount of debt Capita currently holds and the fact that one of its major contracts - with the Criminal Records Bureau - is due to end next year.