ITALTILE

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Italtile Limited. JSE: ITE

Italtile shares

Background of Italtile

  • Italtile Limited is recognised as the leading retailer of imported and local ceramic tiles, bathroom accessories, sanitaryware, laminated flooring and other related products in South Africa.

  • The group’s history stretches back to 1969, when Gianni Ravazzotti identified an opportunity to import ceramic tiles from Italy and making them for sale locally. Italtile shares have been available to buy on the Johannesburg Stock Exchange (JSE) since 1988.

  • The group trades through two branded national retail chains, Italtile and CTM, supported by a vertically integrated supply chain and an extensive property portfolio. Italtile focuses on the premium home improvement market, whilst CTM has developed a reputation as a price and product leader. The group’s latest retail brand, TopT, targets the entry-level market with good quality, affordable home merchandise. Today, Italtile Limited has stores throughout South Africa and also in Lesotho, Swaziland, Botswana, Namibia, Tanzania and Kenya. The group has a small investment in Australia, where it manages and leases out retail stores.

  • Italtile Limited has a JSE market cap of R14.5 billion. The live online stocks chart shows that Italtile share price has enjoyed remarkable performance, rising from R4.20 in 2011 to R14.08 by 19 August 2016.

Italtile Shares Growth Driver

  • Italtile Limited has enjoyed remarkable growth of late, steadily expanding its network of retail stores throughout southern Africa and successfully targeting all income groups through Italtile, CTM and TopT.

  • Despite a subdued economic environment and low demand for housing, the group enjoyed double digit growth across its trading regions for the 2015 financial year. All of the retail brands recorded improved sales across most merchandise categories. This performance was attributed to better execution of basic retail principles and best practice in-store, resulting in fewer lost sales opportunities, as well as improvements in key back-end functions.

  • TopT stores, based in urban township centres, have also been rolled out quicker than expected, to profitable effect. Overall, trading profit increased by 21% to R905 million, whilst earnings per share increased by 32% to 75.9 cents. The group raised capital expenditure to R219 million, related to an ongoing store upgrade programme and the purchase of four new properties.

  • Growth opportunities are being pursued under a company-wide Business Optimisation Programme (BOP). The first phase of the BOP has successfully leveraged relationships between supply chain and retail operations.

Italtile Investor Tip

  • Italtile shares have been one of the strongest performing stocks to buy in their JSE sector. The business is increasing profits every year and shareholders have enjoyed a surging Italtile share price and increasing dividends. Despite challenging trade conditions, this highly cash-generative, well-managed business should continue on its upward growth path in the years to come, making Italtile shares a very attractive buy for investors.

Italtile Major Shareholders

Rallen, Old Mutual Group, Tommaso Altini Trust, Four Arrows Investments 256.

  • Sector

    Consumer Discretionary

  • Industry

    Retail – Discretionary

  • Sub industry

    Home Products Stores

How to buy Italtile Group Shares

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Frequently Asked Questions

 

 

What is Italtile?

A retailer of local and imported ceramic tiles, sanitary ware, bathroom accessories, laminated flooring and other related products with stores in South Africa, Lesotho, Swaziland, Botswana, Namibia, Kenya, Tanzania & a small investment in Australia.

 

Can you buy Italtile shares online?                        

The website of SA Shares makes it easy for you to buy JSE listed shares online.

 

 Who are the major shareholders in Italtile?

Rallen, Old Mutual Group, Tommaso Altini Trust, Four Arrows Investments 256.

 

When was Italtile listed on the JSE?

1988

 

When was Italtile founded?

1955

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