November 2021 in TIM SA: steady growth of revenue due to e-commerce
Preliminary calculations show that, in November 2021, the revenue of TIM SA from the net sales of products and services directly related to the sales of products increased to PLN 118.2 million (+22.6% YOY). Online sales carried out by our clients amounted to PLN 83.7 million (+41.8% YOY).
After 11 months of the year 2021, the total profit of the company equals to almost PLN 1.15 billion. That’s 33.7% more than the year before. Revenue generated by online sales carried out by our clients increased by 35.7% in comparison with the first 11 months of 2020 and amounted to PLN 812.1 million.
“The last three months were not only the most profitable months of 2021, but also the best months of our company’s 34-year-long history – we celebrated TIM anniversary last week. At the beginning of this year, our goal was to have a revenue of more than PLN 100 million. For a few months now, the bar has been set even higher – at PLN 120 million”, said Krzysztof Folta, President of the Management Board of TIM SA. “In November, online sales carried out by our clients increased more than our total revenue. I am quite pleased, because the numbers show how dynamic the e-commerce market growth is in Poland. As a B2B e-commerce expert, TIM has been benefiting from this trend for many years now. I believe that a new strategy for the development of our company will allow us to take an even better advantage of the ever-growing online sales popularity, which ensures a steady growth of sales revenue”, said Krzysztof Folta.