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Voluntary Trading Statement for the Six Months Ended 31 December 2021

Published: 2022-01-31 05:05:00 ET
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Italtile Limited (JSE:ITE) News - Voluntary Trading Statement for the Six Months Ended 31 December 2021

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 2021


The Group is currently finalising its results for the six months ended
31 December 2021 (“review period”).

In terms of paragraph 3.4(b) of the JSE Limited (“JSE”) Listings
Requirements, shareholders are advised that earnings per share (“EPS”)
and headline earnings per share (“HEPS”) for the review period are
expected to be in the range outlined below:

                          Six months to          Six months to       Percentage
                          31 December 2021       31 December 2020    increase
                          (cents)                (cents)             (%)

 EPS                      82.7 – 85.2            77.9                6.2 - 9.4
 HEPS                     82.6 – 85.1            77.1                7.1 - 10.4

The increase in EPS and HEPS reflects modest profit growth,
complemented by the following, which in total, comprise an increase
in growth of 2.8%:

-   a decrease in the non-controlling interest percentage in Ceramic
    Industries Proprietary Limited (“Ceramic”) and Ezee Tile Adhesive
    Manufacturers Proprietary Limited (“Ezee Tile”), following the
    vesting of Ceramic retention awards, and the purchase of Ezee Tile
    founder Mike du Plessis’s 26% shareholding in Ezee Tile on his
    retirement on 30 June 2021; and

-   a decrease in the weighted average number of shares used in the
    EPS and HEPS calculation, given the timing of share repurchases in
    the prior year.

PUBLICATION OF RESULTS

The Group's results for the review period are expected to be published
on SENS on or about 10 February 2022.

The above information has not been reviewed and reported on by the
Group´s external auditors.


Johannesburg
31 January 2022

Sponsor
Merchantec Capital




Investor Communications     083 395 8608   englishd@italtile.co.za            Page 1 of 1

Date: 31-01-2022 07:05:00
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