TIM SA

TIMB

Equity

ISIN US88706T1088 / Valor 57554139

New York Stock Exchange, Inc (2024-12-23)

USD 12.04-1.55%

TIM SA
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About company

TIM SA is a leading industry player in Poland, offering a wide range of electrical goods at competitive prices to business customers. With over 30 years of experience in the market, the company has established itself as a reliable provider of modern technologies and e-commerce solutions. Through its omnichannel business model, customers can conveniently shop online via the TIM.pl website or mobile application, through the hotline, or in person at sales offices and through mobile sales representatives. Additionally, TIM SA collaborates with 3LP SA to provide automated outsourcing logistics services for entities in the e-commerce sector, further expanding its portfolio and strengthening its position in the industry.

Summarized from source with an LLMView SourceSector: Telecommunications

Net Loss

In the first quarter of 2024, TIM SA reported a net loss of 12,766 thousand PLN, compared to a net profit of 17,487 thousand PLN in the same period of the previous year. This significant decline was primarily due to one-time costs associated with the acquisition of TIM Group by FEGA & Schmitt Elektrogroßhandel GmbH, as well as a decrease in sales revenue and gross margin.

Revenue Decline

From January 1, 2024, to March 31, 2024, TIM SA's consolidated revenue amounted to 345,248 thousand PLN, representing a 9% decrease compared to the same period in 2023. The majority of this revenue (93.7%) came from the sale of materials and goods, which saw a 10.7% decline.

Operating Costs

During the first quarter of 2024, TIM SA's operating costs increased by 3.6% to 371,136 thousand PLN compared to the same period in 2023. The main component of these costs was the cost of sold materials and goods, which amounted to 261,102 thousand PLN, a 10.4% decrease from the previous year.

EBIT and EBITDA

For the first quarter of 2024, TIM SA reported an operating loss (EBIT) of 25,588 thousand PLN, a stark contrast to the 21,047 thousand PLN operating profit in the same period of the previous year. The EBITDA also showed a negative result of -15,644 thousand PLN.

Cash Flow

In the first quarter of 2024, TIM SA experienced negative cash flows amounting to -29,089 thousand PLN, compared to -15,838 thousand PLN in the same period of the previous year. This included negative cash flows from operating activities (-12,145 thousand PLN), investing activities (-11,923 thousand PLN), and financing activities (-5,021 thousand PLN).

Summarized from source with an LLMView Source

Key figures

-34.4%1Y

6.83%3Y

%5Y

Performance

26.8%1Y

29.6%3Y

31.7%5Y

Volatility