Optimism regardless of the situation in the construction industry
Preliminary estimates show that TIM SA revenue from net sales of goods and services related directly to the sale of goods in August 2018 amounted to PLN 64.35 million and was by 9.7% higher than the turnover in August 2017. It is the fourth month in 2018 in which TIM turnover has exceeded PLN 60 million. After eight months of this year it grew closer to PLN 0.5 billion, reaching nearly PLN 488 million (+18.6 y/y).
The revenue from the e-commerce channel increased in August 2018 by 12.1% y/y – up to PLN 45.51 million. From January to August 2018 online sales brought TIM PLN 347.26 million (+18.3% y/y).
“Since June, our turnover every month has been more than PLN 60 million. August 2018 has been the best August in terms of turnover in the history of TIM SA. I can say the same about each preceding month of this year. In September, TIM’s revenue from sales, calculated cumulatively from the beginning of the year, will exceed PLN 500 million. Before changing our business model and entering into e-commerce, such amount already after three quarters was completely out of our reach” says Krzysztof Folta, the President of the Management Board of TIM SA.
TIM is growing, although the accumulation of purchases of electrotechnical products traditionally falls in the autumn, and the symptoms of the approaching crisis are clearly visible in the construction industry.
“Our strength, apart from the widest range of electrotechnical products in Poland available in 24 hours, are of course our customers. Their number is constantly growing. The number of customers who in the last 12 months have made purchases over PLN1500 increased in August 2018 by 8.76% compared to August 2017. If we take into account the period from January to August 2018, the increase in this group year on year amounted to 8.33%. Our clients are increasingly engaged in activities that are not directly related to the construction industry. This gives us reasons for optimism regardless of the increasingly difficult situation on the investment market”, adds Krzysztof Folta.