Toople PLC Trading Update (5240M)
17 Septiembre 2019 - 1:01AM
UK Regulatory
TIDMTOOP
RNS Number : 5240M
Toople PLC
17 September 2019
Strictly embargoed until: 07.00, 17 September 2019
Toople PLC
("Toople" or the "Company")
Trading Update
Continued growth in better than expected order numbers over the
summer
New sales centre in Durban delivering increased sales
Toople Plc (LSE: TOOP), a provider of bespoke telecom services
to UK SMEs, is pleased to provide the following update on
trading.
The Company, which is debt free, has enjoyed strong growth in
July and August, traditionally seasonally affected, adding 1,300
and 1,000 new customer orders respectively in these months. The
Board expects these new customer orders to deliver additional
revenues over and above the GBP500,000 incremental revenues arising
from the contracts signed in May 2019.
In addition to the growth in customer orders, Toople is also
pleased to announce that the new sales facility established in
Durban, South Africa went live in July and is proving to be a major
success for the Company. This facility considerably enhances
Toople's sales capability, extending working hours into the
evenings after 8 p.m. and at the weekends, which traditionally are
peak times for SME enquiries. Conversion rates to date are good and
comparable to those achieved by the UK team. The impact is an
overall lower cost of acquisition per customer and revenue
generating unit, which will deliver margin improvements over the
medium term.
Commenting, Andy Hollingworth, CEO at Toople said:
"The order numbers achieved in July and August were ahead of our
expectations. Growth is being driven by a number of factors, not
least a noticeable switch by UK SMEs to superfast fibre broadband,
ahead of the eventual closure of existing legacy copper
infrastructure in 2025. As businesses are forced to review their
existing telecoms services, many are seeking new solutions which
provide enhanced quality at an affordable fixed price. SMEs are
increasingly dissatisfied with a lack of price transparency, poor
service offerings and poor customer service from the traditional
tier one providers. Toople is taking advantage of these failings by
its bigger competitors and is fast becoming a major disruptor in
our segment of the market. The Company continues to make great
progress, as evidenced by sales figures over the normally quieter
summer period."
This announcement contains inside information for the purposes
of Article 7 of the Regulation (EU) No 596/2014 on market
abuse.
-ends-
For further information please visit www.toople.com or
contact:
Toople PLC Tel: 0800 0499 499
Andy Hollingworth, Chief Executive
Officer /
Kevin Lawrence, Chief Financial
Officer
Cairn Financial Advisers LLP Tel: 020 7213 0880
David Coffman / Ludo Lazzaretti
Novum Securities Limited Tel: 020 7399 9400
Colin Rowbury
Turner Pope Investments Limited Tel: 020 3621 4120
Andy Thacker
Belvedere Communications Tel: 020 3687 2754
John West / Llew Angus
About Toople PLC
Toople Plc, a company incorporated in the UK provides a range of
telecoms services primarily targeted at the UK SME market. Services
offered by the Group include business broadband, fibre, EFM and
Ethernet data services, business mobile phones, cloud PBX and SIP
Trunking and Traditional Services (calls and lines) all of which
are delivered and managed through Merlin, the Group's proprietary
software platform.
The Group is differentiated by its focus on creating small
business connectivity solutions, with robust and reliable packages
that will enhance our customer's companies. In addition, our vision
is based on trust and transparency, with no hidden fees within our
pricing policy providing customers with a clear understanding of
cost.
Toople Plc has a strong and highly experienced Board and
management team who are focused on growing the business both
organically and by identifying earnings enhancing strategic
acquisition opportunities.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
TSTLLFEAAEIRLIA
(END) Dow Jones Newswires
September 17, 2019 02:01 ET (06:01 GMT)
Toople (LSE:TOOP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Toople (LSE:TOOP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024