FX.co ★ Telecom Plus: Compounding Double Digit Customer Growth Continues

Telecom Plus (TEP.L) has released its trading update for the six-month period concluding on 30 September 2024. During this time, the company saw a rise in customer numbers by 67,000, marking an annualized growth rate exceeding 13%. Additionally, the number of services provided increased by 139,000, reaching a total of 3.266 million.

The Group remains optimistic about achieving its earlier forecast of 12% to 14% growth in customer base and anticipates adjusted pre-tax profits to range between £124 million and £128 million for the entire year.