Last 915.00
Change Today +5.00 / 0.55%
Volume 22.4K
As of 5:56 AM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

italtile ltd (ITE) Snapshot

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52 Week High
09/30/13 - $1,000
52 Week Low
08/23/13 - $622.52
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italtile ltd (ITE) Details

Italtile Limited is engaged in the retail of ceramic tiles, sanitary ware, bathroom accessories, and other related products primarily in South Africa. The company offers ceramic and porcelain wall, and floor tiles, as well as bathroom furniture, cabinets, basins, toilets, showers, taps, fittings, tubs, laminate wooden flooring, décor and tools, adhesives, and tile care products. It operates a network of branded retail outlets comprising Italtile, CTM, and TopT, which serves homeowners. The company is also involved in the investment of properties; distribution of taps, brassware, laminate flooring, accessories, and tiling tools; and aircraft chartering activities. It operates 117 stores, including 90 stores under the CTM brand; 8 stores under the Italtile name; and 19 stores under the TopT brand in South and Southern Africa, and Australia. The company was founded in 1969 and is headquartered in Johannesburg, South Africa. Italtile Limited is a subsidiary of Rallen (Pty) Limited.

Founded in 1969

italtile ltd (ITE) Top Compensated Officers

Chief Financial Officer, Executive Director a...
Total Annual Compensation: R184.0K
Chief Operating Officer - Australia and Execu...
Total Annual Compensation: R1.5M
Compensation as of Fiscal Year 2013.

italtile ltd (ITE) Key Developments

Italtile Ltd. Provides Earnings Outlook for the Full Year Ended June 30, 2014; Reports Revenue Results for the Full Year Ended June 30, 2014

Italtile Ltd. provided earnings outlook for the full year ended June 30, 2014. For the full year, the company expects basic earnings per share to be between 18% and 20% higher and headline earnings per share ("HEPS") will be between 23% and 25% higher, compared to the previous corresponding period being 48.3 cents and 47.4 cents respectively. For the full year 2014, the company reported that turnover from continuing operations increased by 33%, including the contribution of nine previously franchised CTM stores converted to Group-owned stores. Excluding the contribution from these nine stores, turnover from comparable Group-owned stores and entities increased by 20%.

Italtile Appoints Jan Potgieter as Executive Director

Italtile has appointed Jan Potgieter as Executive Director. The effective date is August 01, 2014.

Italtile Limited Announces Management Changes

Italtile Limited announced that with effect from 1 July 2014, the Board will be restructured as follows: Mr. Nick Booth will assume the position of Chief Executive Officer (CEO). Mr. Giovanni Ravazzotti, who served as interim CEO pending Mr. Booth’s appointment, will resume his role as Chairman of the Group. Mr. Brand Pretorius, who served as interim Chairman in Mr. Ravazzotti’s stead, will resume his position as independent non-executive director.


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