First quarter of 2017 in the TIM Capital Group

In the first quarter of 2017, the revenue from sales of TIM Capital Group amounted to PLN163.2 m, i.e.10.4% more than in the preceding year. The value of EBITDA in GK TIM reached PLN 916 000.

TIM SA revenues from sales increased by 8.9% compared to Q1 of 2016 and amounted to PLN147.7 m. The company also recorded a positive result of sales (PLN 226 thousand compared to PLN 429 thousand PLN loss in the preceding year), and PLN463 thousand of operating profit (compared to PLN5.02 m in Q1 of 2016).

Investments in logistics

In TIM Capital Group, the loss from operations amounted to PLN 1.6 million, which is mainly derived from the loss generated by 3LP SA. The logistics company, founded in 2016, undergoes the expansion of logistics automation and began the acquisition of contracts for the provision of services on the external market, in addition to those rendered to the entities from TIM Capital Group.

“3LP SA has been operating for less than a year – this is a very short period of operation and the value of contracts acquired in the last months has not allowed even to get a positive operating result. We have been all the time working to make the company more attractive to clients from outside the TIM Group operating in the e-commerce sector, that is why we invest in equipment of the facility in Siechnice near Wroclaw,” says Krzysztof Folta, the President of TIM SA Management Board.

More and more e-commerce

The share of turnover through the e-commerce channel in the total revenue of TIM SA earned in the first three months of 2017 was 72.1%. The average of this ratio for the entire 2016 amounted to less than 70%.

“That fact along with the increase in revenues that has continued since QIII of 2013 confirms that the decision on the change of the sales model for the hybrid model based mainly on the e-commerce channel, but with the use of knowledge and experience gained by our sales network for 25 years, was the right decision,” comments Krzysztof Folta. “Looking at the results achieved by TIM and the whole group in Q1, it is worth noting that the first three months were in our case the period of the lowest revenue and the worst results. The subsequent quarters, due to the seasonality, improve the result on all the levels,” he adds.

See the consolidated quarterly statement >>