Capita expects a “modest” growth in turnover for 2010, according to an interim management statement covering the 10 months to 31 October 2010 and progress to date.

The statement says: “Capita has performed well in the second half of 2010. Overall trading remains very solid even though revenue growth is subdued. The benefits of our focus on implementing operational efficiencies across the group, increasing scale and Indian operations continue to drive forward our margins.

“We expect to acquire further businesses before the end of the year that take us into complementary areas and add expertise and value to the group.

“We expect turnover growth for 2010 to be modest due to the unusually high degree of revenue attrition in the year, fewer sales decisions to date in the second half of this year and the short-term impact of current public sector retrenchment on some of our trading businesses. However, we see the benefits of the operational efficiencies we have implemented, our increasing scale and our Indian operations continuing to drive forward our margins for the year.”