Telecom Plus to hit upgraded expectations
Telecom Plus, which supplies a range of utility services under the brand name Utility Warehouse, has enjoyed a strong fourth quarter on the back of successful cross-selling of its services.
Telecom Plus, which supplies a range of utility services under the brand name Utility Warehouse, has enjoyed a strong fourth quarter on the back of successful cross-selling of its services.
The firm said around half of all new customers now take at least four of its core services, and believes this will drive high average revenue per customer over the next four years and result in "lower churn" over the same period.
The results for the full year are in line with consensus market expectations, which were recently upgraded following its third quarter statement. The market is expecting the company to report underlying profit before tax of £30.4m on sales of £498m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The firm is planning to recommend a final dividend of 17p, making a total dividend of 27p per share, in line with market forecasts.
In a statement the firm said: "Cash flow has been slightly better than previous guidance, which means we now expect to finish the year with a small positive cash balance.
"We are pleased with the continuing positive momentum being demonstrated by the business, with strong underlying growth in distributor, customer and service numbers. We believe that the improving quality of our customer base, which has been achieved through our sustained focus on delivering both consistently good value and exceptional levels of customer service, places us in a strong position to deliver significant shareholder value over the months and years ahead."
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Review: Eden Roc Cap Cana – fun, sun and golf in the Caribbean
Travel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course
-
Reeves delays cash ISA reform, but savers are not out of the woods yet
The chancellor has reportedly delayed plans to cut the cash ISA limit, which were set to be announced at Mansion House on 15 July, and will take more time to consult with the industry