Telecom Plus PLC announced an increase to its full-year profit expectations after a surge in customer growth. The company said a “record number” of UK households had joined, driving financial results and organic accelerated growth for the company overall.
Net customer additions represented an annualized growth rate of 24% in the first half of the year. This expansion is consistent with the company’s target of adding one million additional customers over the next four to five years.
“Our unique multi-service proposition enables us to offer households savings on their energy bill of up to £125 a year below the new energy price guarantee, sustainably and profitably underpinning our long-term strong competitive position,” said Andrew Lindsay and Stuart Burnett, Telecom Plus Co-CEOs, in a joint statement. “In addition, we continue to offer outstanding value to customers taking our other core services: broadband, mobile and insurance, plus our market-leading cashback card. At a time when cost of living pressures continue to rise, we are uniquely positioned to offer households what they need now more than ever: savings on their essential bills and an extra income from recommending these savings to their friends and family.”