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Advtech expects earnings growth as Italtile braces for profit decline
['Terri-Ann Brouwers', 'Aug', 'Ciaran Ryan', 'Liesl Peyper', 'Hilton Tarrant', 'Greg Dor']
Moneyweb
Dual voluntary trading statements released on 11 August 2026 highlight contrasting financial trajectories across South Africa’s mid-cap listed equities, with private education provider Advtech expecting double-digit earnings growth, while tile and home improvement group Italtile anticipates a pull-back in annual profitability.
Both JSE-listed groups confirmed that their full audited financial results will be published on Sens on or around Monday, 24 August 2026.
AdvtechFor the six-month interim period ended 30 June 2026, Advtech expects normalised earnings per share (Neps), headline earnings per share (Heps), and basic earnings per share (EPS) to increase by 13% to 18% year-on-year.
ItaltileIn contrast, Italtile’s voluntary trading statement for the full year ended 30 June 2026 projects an earnings decline driven by weak discretionary demand, elevated transport and energy costs, and price deflation linked to global manufacturing over-capacity.
Despite margin compression, Italtile maintained positive cash flow, supporting share buybacks, capital expenditure, and its highest dividend payout to date.