REG - Telecom Plus PLC - AGM Trading Update

Telecom PlusAnnouncement

04/08/2023 07:00

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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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