bullish

Telecom Plus

Telecom Plus - Unique proposition drives customer growth

160 Views24 Jun 2024 19:10
Issuer-paid
SUMMARY

The attractiveness of Telecom Plus’s (TEP’s) bundled utility proposition underpins the progress made in FY24, with record profits and customer numbers. The normalisation of energy prices in the year was offset by growing non-energy prices, while the growth in the customer base to over one million clients helped to boost profits. Management expects to deliver 10–15% growth in net customers in the medium term and is confident in the outlook.

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