Upbeat Capita

18th Nov 2009 07:26

Outsourcing specialist Capita Group is in upbeat mode after a strong performance in the first 10 months of 2009.‘Less than 10% of our group revenues are generated by businesses that are potentially vulnerable to a weaker economy and this risk was factored into our 2009 business planning,’ the company said in an interim management statement.Of the businesses expected to suffer as a result of the recession, the property consultancy, resourcing and share registration businesses are performing in line with expectations.In contrast, the collectives and investment trust administration business, Capita Financial Managers (CFM), is still being hit by increased costs of information technology and the increased amount of red tape.‘Trading across the group remains strong and we are confident we will deliver underlying profit growth for 2009 in line with market expectations. We are encouraged by prospects across the group, providing us with a strong platform for further growth in 2010 and beyond,’ the company said.