RE: Capita results10 Mar 2022 13:29
Capita [LON:CPI] has published full year results, but these present something of a mixed bag. The narrative certainly looks positive with contract wins up by a third and low attrition, but headline reported revenues are off by 4% and the operating loss has ballooned from £32m to £86m. Adjusted figures paint a more positive picture, whilst a growing pipeline of new business and a continued recovery post COVID-19 are likely to provide support going forward, however a number of factors are flagged as likely to squeeze margins in the year ahead.