Italtile eyes market share gains as Covid-19 boosts interest in home improvement
Cost-saving measures, operational efficiencies and interest in home renovation helped drive a rise in trading profit to end-December
11 February 2021 - 08:26
Bathroomware company Italtile, which owns CTM and U-Light, says it is well-positioned for further market share gains as Covid-19 disrupts imports and keeps consumers from shopping malls.
The group increased its interim dividend by more than a third after better-than-expected demand for home renovations during Covid-19, saying on Thursday it had benefited from its recent drive to revamp stores, a healthy stock position, as well as its online presence...
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