July as the best month in the history of TIM SA, over PLN 0.5 billion of turnover after 7 months of 2020

Early estimates suggest that in July 2020 net revenues of TIM SA from the sales of goods and services directly related to the sale of goods amounted to record high PLN 86.3 million which is 19.7% more than in July 2019. The cumulated turnover for the period January-July 2020 have reached the level of PLN 520.5 million, i.e. +15.1% y/y).

July 2020 is the best month in almost 33 years of TIM’s history. The estimated turnover from online sales in July 2020 amounted to over PLN 59.5 million (+15.5% y/y) and after seven months of 2020 – over PLN 368.5 million (+16.0% y/y).

– Our accelerating sales machine is taking no holidays. We exceeded, very slightly, the level of PLN 80 million for the first time in October 2019, which means in the peak of the shopping season for the electrotechnical industry which falls on the last quarter of the year – reminds Krzysztof Folta, the President of the Management Board of TIM SA. – This time we are breaking the record at the beginning of summer. Over 86 million and almost 20% sales dynamics have already whetted our appetites for what may happen in the fall – he adds.

These figures are also the proof for TIM’s detuning from the economic situation in both construction and electrotechnical industries. This is the result of TIM’s consistent expansion of both the group of customers and the offered assortment. – As per the company’s mid-term strategy for the years 2019-2021, our offer is constantly being expanded by products from outside the electrotechnical segment, often characterized by lower seasonality of sales and offered in a dynamically developing dropshipping model – emphasizes Krzysztof Folta.