Dynamic March and the first quarter of 2017 in TIM SA
The TIM SA’s revenues from sales in March 2017 amounted to PLN 58.58 million, i.e.13.2% more than in the previous year. After the whole Q1 of 2017, the company’s turnover reached PLN147.65 m and increased by 9.2% in comparison with the same period of 2016, as follows from preliminary calculations.
The construction and assembly production in Poland in March 2017 was 17.2% higher, and in Q1 of 2017, it was about 3.9% higher than in the corresponding periods of 2016.
The turnover from e-commerce in March 2017 reached PLN40.9 m and in PLN 106.2 m in Q1 2017. That means the 12.1% and 6.5% increase YOY, respectively. Throughout Q1 2017, the share of the e-commerce channel in all the revenues from sale of TIM SA was almost 72%.
It follows from the preliminary data published on April 20, 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 March this year was 17.2% higher than in the preceding year (in relation to the 15.8% decrease in March last year) and 49.4% higher compared to February this year. Without the impact of seasonal factors, the construction and assembly production was about 10.2% higher than in March last year and 9.7% higher compared to February this year.
“23 working days in March brought the whole electrotechnical industry hope for good economic times, while in a large part of Poland there was still winter. This translated into lower demand for electric articles, however, not in TIM. The two-digit growth rate of sales this month and nearly 10% increase compared to the first quarter of last year is a further confirmation of the success of our business model. To a large extent, it makes us independent from both the downturn in the construction industry and from the weather conditions,” notes Arthur Piekarczyk, a member of the Management Board and Director for Commerce in TIM SA.