TIM’s revenues increased initially by 64.8% y / y to PLN 175.49 million in March

TIM's revenues increased by 64.8% y / y to PLN 175.49 million in March 2022, the company said, presenting preliminary data. In the period January-March, revenues increased by 50.1% y / y to PLN 393.42 million.

Estimated online sales made by customers themselves in March 2022 reached PLN 120.87 million, i.e. 67.4% more than a year earlier, and after three months of 2021 the estimated revenues from the e-commerce channel amounted to PLN 275.38 million PLN (+ 55.3% y / y), according to the press release.

“Our estimated sales revenues after the first quarter of 2022 have exceeded the level we achieved in the first four months of 2021 (PLN 363 million). We are less than PLN 107 million from reaching the cumulative threshold of half a billion PLN. March 2022 is a month that we have not experienced in terms of sales in the entire history of TIM. This is largely the result of the dynamically growing number of customers. In March 2022, we handled almost 19 thousand. customers - this is almost the same as in the entire first quarter of 2021. The share of revenues from contractors is growing. In March 2022, they generated 48% of our sales compared to 35% in March 2021 "- commented President Krzysztof Folta, quoted in the release.

TIM is the largest distributor of electrotechnical materials in Poland. The company was founded in 1987 in Wrocław, since 1998 it has been listed on the Warsaw Stock Exchange. Its consolidated sales revenues reached PLN 1,064.87 million in 2020.

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