Txm achieves 99.1 pct of expectations
Investment & financeschedule 19 January 2017
POLAND The annual revenue of discount clothing retailer Txm, the owner of the Textilmarket chain of stores, increased by 20 pct to PLN 377 mln in 2016.
In December alone the turnover of the Txm chain increased by 20 pct to PLN 48 mln, while the revenue of its online shop txm24.pl for that month came to PLN 1 mln – 18 pct higher than in December 2015. The annual turnover of its online store increased by 47 pct to PLN 9 mln.
The forecast in the company’s prospectus for its first public share offer projected net sales revenue of PLN 381.4 mln – and the eventual total was PLN 378 mln, which means that the management’s fore
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