Almost PLN 620 million – preliminary data on the turnover of TIM SA in 2016

The TIM SA’s revenues from sales in December 2017 amounted to PLN 53.42 million, i.e. 14.9% more than in the previous year, as follows from preliminary calculations. They also show that, for the first time in its history, the company’s revenue exceeded PLN 600 m (i.e. PLN 619,88 m, 15.9% more than in 2015). At the same time, the construction and assembly production in 2016 was 14.1% lower than in the previous year.

Almost 70% of the revenues from sale earned by TIM SA last year (PLN 433.05 m) came from the e-commerce channel. This means an increase by more than 21% compared to the year 2015. December 2016 alone appeared better than in preceding year by 17.4% (PLN 36.38 m vs. PLN 30.99 m in December 2015).

It follows from the preliminary data published on January 19, 2017 by the Central Statistics Office that the construction and assembly production (in constant prices), including investment-related and repair works, completed in the country by construction companies hiring more than 9 workers, in December 2017 was 8.0% lower than in the preceding year and 34.8% higher compared to November 2016. Without the impact of seasonal factors, the construction and assembly production was 9.8% lower than in December 2015 and 2.5% higher compared to November 2016.

“As predicted, year 2016 did not bring big changes, but it was the time for TIM to stabilize in the new business model,” comments Artur Piekarczyk, a member of the Management Board and Director for Commerce of TIM SA. “It was the time when we achieved full efficiency and we could focus on acquiring of new customers for which e-commerce is the channel of the first choice. We were also constantly broadening our product range for our customers to be sure that they have access to the most extensive list of electrotechnical items in any place and time. All that led to the highest in almost 30-year history of the company turnover and lets us look with optimism to the year 2017, “comments Artur Piekarczyk.

See current statement No. 1/2017 >>