TIM hits 1 billion pln “stretch” revenues goal

Unconsolidated revenues of TIM SA since January 1, 2021 exceeded PLN 1 billion. Thus, TIM has met all the main financial targets of the company’s medium-term strategy for 2019-2021.

However, one billion annual sales revenue as a target was outlined much earlier than April 2019, when TIM’s Board of Directors adopted and published the strategy. That level had already become an informal goal for TIM SA several years earlier. CEO Krzysztof Folta first mentioned it in a press interview in 2014, when TIM’s revenues were below PLN 500 million and half of them were generated by online sales.

“At that time, there was no shortage of voices saying that a billion is completely unrealistic” – recalls Krzysztof Folta. “Meanwhile, the change of the operating model and a consistent focus on the development in the field of e-commerce, combined with the systematic and effective work of the entire TIM team, allowed us to achieve this goal and more than two months before the end of the year. (…)”

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