Finance
UK's Capita flags up to 140 million pound cash outflow in 2024
UK's Capita flags up to 140 million pound cash outflow in 2024
Published by Global Banking and Finance Review
Posted on December 17, 2024
(Reuters) - British outsourcing group Capita flagged a free cash outflow of 120 million pounds to 140 million pounds ($152.4 million-$177.8 million) in 2024, partly hurt by lowerrevenues.
The company said additional cash restructuring costs of 50 million pounds would impact free cash flow in the first half of 2025, with positive and consistent free cash flow expected by the end of next year.
($1 = 0.7875 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Abinaya Vijayaraghavan)
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