Telecom Plus PLC (LSE:TEP) released its half-year results, reporting another period of compound double-digit customer growth—marking the fourth straight year of such gains. A substantial lift in customer numbers came from effective cross-selling to the recently acquired TalkTalk broadband base. While gross profit and profit before tax edged slightly lower versus the prior year, the company reiterated confidence in meeting its full-year guidance, which includes an ambitious target of 25% total customer growth. With a scalable operating platform and competitive propositions across mobile, energy, broadband and insurance, Telecom Plus remains focused on its longer-term aim of serving two million customers.
The company’s outlook reflects a blend of strengths and challenges: profitability and a solid balance sheet support investor confidence, but softer revenue trends and weaker cash conversion temper the picture. Technical indicators currently suggest bearish momentum, though valuation metrics are underpinned by a fair P/E ratio and an appealing dividend yield.
More about Telecom Plus
Telecom Plus, trading as Utility Warehouse, is the UK’s only integrated provider of subscription-style essential household services. Its offering spans energy, broadband, mobile and insurance, all consolidated into a single monthly bill. The company’s multiservice model supports recurring revenue, predictable margins and long-term customer loyalty. It is listed on the London Stock Exchange.
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