BUZZ-UK's Capita hits more than four-month low on 2024 cash outflow warning

Reuters2024-12-17

** Shares of Capita CPI.L slide as much as 8.6% at 15.94p, hitting more than four-month low

** British outsourcing group expects free cash outflow of 120 mln-140 mln pounds ($152 mln-$178 mln) in 2024, partly hurt by lower rev

** Sees high-single digit adj. rev decline for 2024 vs its prior estimate of low- to mid-single digit pct reduction

** Stock down 26.7% YTD

($1 = 0.7881 pounds)

(Reporting by Aatrayee Chatterjee in Bengaluru)

((Aatrayee.Chatterjee@thomsonreuters.com))

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