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ITALTILE LIMITED - Voluntary Trading Statement for the Six Months Ended 31 December 2016

Release Date: 01/02/2017 08:00
Code(s): ITE     PDF:  
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Voluntary Trading Statement for the Six Months Ended 31 December 2016

ITALTILE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1955/000558/06)
Share code: ITE ISIN: ZAE000099123
(“Italtile” or “the Group”)

VOLUNTARY TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2016


Italtile is currently finalising its results for the six months ended 31 December 2016 (“the period”).

The Group’s basic earnings per share will be between 50.5 cents and 51.8 cents for the period,
reflecting an increase of between 14% and 17% compared to the prior corresponding period ended
31 December 2015, being 44.3 cents. Headline earnings per share will be between 46.0 cents and
47.3 cents for the period, reflecting an increase of between 6% and 9% (2015: 43.4 cents).

System-wide turnover for the period is 14% higher than the prior comparative period (2015: R3.08
billion), while trading profit will be between 10% and 13% higher (2015: R531 million). System-wide
turnover is the aggregate of the Group’s consolidated turnover (total sales by Group owned entities
and corporate stores, excluding sales from owned supply chain businesses to corporate stores) as
reported and the turnover of franchisees of the Group.

Like-on-like retail store turnover for the period is 9% higher than the prior comparative period, with
average price inflation of 7.6%. Retail store turnover is the aggregate of turnover of all stores, either
corporate or franchised, in the Group’s retail network.

The information on which this announcement is based has not been reviewed or reported on by
Italtile's auditors.

The Group's results for the six months ended 31 December 2016 are expected to be published on SENS
on or about 10 February 2017.


Johannesburg
1 February 2017


Sponsor
Merchantec Capital

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