TIM SA: 2021 Total Income Expected to Exceed 1,25 Billion Zloty
Initial estimates indicate that TIM SA’s net income in 2021 (ware sales and services directly related to sales) is close to 1,257 billion zloty. This result indicates a 34,3% increase relative to 2020. By the same token, December 2021 was superior to its 2020 equivalent by as much as 41,1% (which translates to 107,1 million zloty).
2021 online sales conducted directly by the clients have resulted in a total gross of almost 887,2 million zloty (36,5% more than the year before). It means this channel’s contribution to TIM’s total 2021 income was 70,6%.
In 2021, TIM celebrated 34 years of its market presence. The year brought both record-setting financial gains, and carried considerable symbolic significance. By the end of October 2021 total sales income (accruing since the beginning of the year) had exceeded one billion zloty for the first time in the company’s history.
– Since March 2021 our sales income has consistently exceeded 100 million zloty. Every month some 1000 new business clients register at TIM.pl. A comparison of new registrations in the first three quarters of 2020 and 2021 indicates an increase of as much as 34% per year. Krzysztof Folta, the TIM SA management board president, indicated those numbers are highly satisfactory.
It bears repeating that after the first three quarters of 2021 TIM SA had made 904,9 million zloty (sales), which represents an increase of 1/3 in comparison to the analogous period in 2020. By the same token, TIM Group’s consolidated income after the first three quarters of 2021 was 950,6 million zloty, an increase of 1/4 relative to the analogous period in 2020. After the first three quarters of the last year the Group’s net profits had increased by 250% – to 69,6 million zloty.
The Company’s excellent financial situation permitted the TIM management board to provide an initial deposit as a part of the anticipated dividends. On December 23, 2021 the Company paid its shareholders a deposit of 1,20 zloty per share. It was the first payment based on the Company’s dividend policy for 2021–2023 introduced in March 2021. Starting with the 2018 dividend (including the December deposit) TIM has paid its shareholders over 115 million zloty.
– The estimates pertaining to the entirety of 2021 and profits significantly exceeding one billion zloty stand as a testament to the company’s success. At the same time we are aware of the fact that the future development of the TIM Capital Group is contingent on its adaptability vis-a-vis the ever-shifting e-commerce market. In particular, we have to meet our clients’ expectations and fully utilize our potential. Krzysztof Folta indicated that this attitude will be reflected in the Company’s new strategy (to be introduced in the first half of the year). It also constitutes the foundation of the decision to launch 3LP (a logistics specialty company active in the e-commerce sector) as a publicly listed company.