[h=6]Here's the Telecom plus annual results, posted to the London Stock Exchange today.
This will confirm once again the strength of the business you're involved with. No time for sitting on the fence; this unstoppable train is moving with force. Doubters; GUPTRs and imitators are being swept aside.
Ensure you click on the link and print these put for your folders. Next time anyone passes uninformed comment on UW, ask them if their business or company performs like this?!!!
Highlights:
· Revenue up 12.6% to £471.5m (2011: £418.8m)
· Profit before tax up 11.8% to £30.7m (2011: £27.5m)
· EPS up 12.3% to 33.8p (2011: 30.1p)
· Full year dividend up 23% to 27p per share (2011: 22p)
· Strong cash generation, with a net inflow of £14.1m (2011: £15.6m outflow)
· Positive year end net cash balance of £0.9m (2011: net debt of £13.1m) after £6.6m purchase of freehold property in period
Operating Highlights:
· Further accelerating organic growth
· Number of services supplied up by 18% (2011: 12%) to 1,381,023
· Customer base now exceeds 415,000 (2011: 371,000)
· Continuing improvement in customer quality
· Doubling in proportion of new customers taking 4 + services
· Lower churn
Performance
Overall performance for the year has been extremely encouraging in a number of key respects:
· faster organic growth with service numbers up by 18.0% (2011: 12.1%)
· significant improvement in customer quality
- lower churn
- lower delinquency
- increase in number of services taken
· strong cash generation
Charles Wigoder said:
"Our improvement in organic growth has been driven by continuing high levels of confidence amongst our distributors in our brand and financial strength, the good value provided by our services, and our commitment to delivering a consistently first class customer service experience.
We are also benefiting from the continuing difficult economic climate, which makes both our value-based customer proposition and part-time earning opportunity look increasingly attractive against the background of a broader economy where working hours are being cut, wages are being frozen, part-time jobs are less readily available and disposable incomes are under pressure."
Go to:
FE Investegate |Telecom Plus PLC Announcements | Telecom Plus PLC: Final Results[/h]