Telecom Plus PLC AGM Trading Update (2745I)
04 Agosto 2023 - 1:00AM
UK Regulatory
TIDMTEP
RNS Number : 2745I
Telecom Plus PLC
04 August 2023
4 August 2023
Telecom Plus PLC
AGM Trading Update
Telecom Plus PLC (trading as Utility Warehouse and UW), the UK's
only supplier of bundled household utility services, is holding its
Annual General Meeting today. At the meeting the Chairman, Charles
Wigoder, will say:
"Today I am providing a trading update for the Group for this
financial year, further to our Annual Results Announcement on 27
June.
The strong trading performance we reported in our recent annual
results is continuing, with energy price volatility having reduced
significantly over recent months. We therefore continue to expect
to deliver comfortable double-digit annual percentage customer
growth for the current year, leading to a broadly corresponding
increase in adjusted pre-tax profits.
We remain focussed on our medium-term target of welcoming an
additional million customers to UW, underpinned by our
market-leading offerings across energy, broadband, mobile and
insurance, and the competitive advantage that our unique
multiservice customer proposition gives us."
For more information, please contact:
Telecom Plus PLC
Andrew Lindsay, Co-CEO 020 8955 5000
Stuart Burnett, Co-CEO
Nick Schoenfeld, CFO
Peel Hunt
Dan Webster / Andrew Clark 020 7418 8900
Numis Securities
Mark Lander / Joshua Hughes 020 7260 1000
For investor relations:
Julian Wais 07720 999764
jwais@uw.co.uk
For media relations:
Lansons Communications LLP
Tom Baldock / Ed Hooper 07860 101715 / 07783 387713 utilitywarehouse@lansons.com
About Telecom Plus PLC ("Telecom Plus"):
Telecom Plus, which owns and operates Utility Warehouse (UW), is
the UK's leading multiservice utility provider, offering bundled
household services - energy, broadband, mobile and insurance -
through one account.
Customers benefit from the convenience of a single monthly bill,
consistently good value across all their utilities and exceptional
levels of service.
Customers sign up through a network of local UW Partners all
across the country. These Partners recommend UW's services to
friends, family and people they know by word of mouth.
Telecom Plus is listed on the London Stock Exchange (Ticker: TEP
LN). For further information please visit telecomplus.co.uk
LEI code: 549300QGHDX5UKE58G86
Cautionary statement regarding forward-looking statements
This Announcement may contain "forward-looking statements" with
respect to certain of the Company's plans and its current goals and
expectations relating to its future financial condition,
performance, strategic initiatives, objectives and results.
Forward-looking statements sometimes use words such as "aim",
"anticipate", "target", "expect", "estimate", "intend", "plan",
"goal", "believe", "seek", "may", "could", "outlook" or other words
of similar meaning. By their nature, all forward-looking statements
involve risk and uncertainty because they are based on numerous
assumptions regarding the Company's present and future business
strategies, relate to future events and depend on circumstances
which are or may be beyond the control of the Company which could
cause actual results or trends to differ materially from those made
in or suggested by the forward-looking statements in this
Announcement, including, but not limited to, domestic and global
economic business conditions; market-related risks such as
fluctuations in interest rates; the policies and actions of
governmental and regulatory authorities; the effect of competition,
inflation and deflation; the effect of legislative, fiscal, tax and
regulatory developments in the jurisdictions in which the Company
and its respective affiliates operate; the effect of volatility in
the equity, capital and credit markets on profitability and ability
to access capital and credit; a decline in credit ratings of the
Company; the effect of operational risks; an unexpected decline in
sales for the Company; any limitations of internal financial
reporting controls; and the loss of key personnel. Any
forward-looking statements made in this Announcement by or on
behalf of the Company speak only as of the date they are made. Save
as required by the Market Abuse Regulation, the Disclosure Guidance
and Transparency Rules, the Listing Rules or by law, the Company
undertakes no obligation to update these forward-looking statements
and will not publicly release any revisions it may make to these
forward-looking statements that may occur due to any change in its
expectations or to reflect events or circumstances after the date
of this Announcement.
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END
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