August 2023 in TIM SA just like one year ago

Preliminary estimates indicate that in August 2023 TIM SA’s net monthly revenue generated by net sales of goods and services directly related to sales of goods reached PLN 114.7 million and was similar to that generated in the same period in 2022 (-0.4% year-on-year).

The estimated online sales realised by customers alone in August 2023 amounted to PLN 79.2 million (-6.2% year-on-year).

The TIM’s estimated accumulated revenue generated by sales after eight months of 2023 is close to PLN 1 billion (PLN 932 million, i.e. -3% year-on-year).

– Taking into account the market situation and the holiday period, I perceive achieving the same level of revenue as in August 2022 positively – says Piotr Tokarczuk, Member of the Management Board and Financial Director of TIM SA. – While analysing individual weeks of the previous month, we can see greater activity over the last days. It can mean the return to post-holiday rhythm of work of our customers, as well as indicate greater demand in the autumn period, which traditionally is a period of the largest purchases of electrotechnical products – adds Piotr Tokarczuk.