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

  • Italtile : How to buy Italtile Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Italtile shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Italtile and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Italtile Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Italtile Fund.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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