Natuzzi

Natuzzi S.p.A: First Quarter 2023 Financial Results and Shareholder Letter

Retrieved on: 
Friday, June 2, 2023
Manufacturing, Home Goods, Other Manufacturing, Luxury, Retail, Communication, Partnership, Housing, Natuzzi, SG, Face, DOS, NTZ, Economics, Attitude, Sale, Plant, Investment, Freezing, Collection, Outsourcing, Growth, NYSE, Video game, Sales, Interior design

The overstock is gradually easing but is not solved yet and still represents a burden for the introduction of new collections.

Key Points: 
  • The overstock is gradually easing but is not solved yet and still represents a burden for the introduction of new collections.
  • Natuzzi Editions products are distributed in Italy under the brand Divani&Divani by Natuzzi.
  • Invoiced sales from our unbranded business amounted to €6.5 million in 1Q 2023, from €15.0 million and from €23.6 million in 2022 and 2019 first quarter, respectively.
  • Here below a breakdown of 1Q 2023 upholstery and home-furnishings invoiced sales compared to 1Q 2022, according to the following geographic areas.

The Annual General Shareholders’ Meeting of Natuzzi S.p.A. Approved the 2022 Financial Statements

Retrieved on: 
Monday, May 22, 2023
Other Manufacturing, Construction & Property, Finance, Other Retail, Professional Services, Home Goods, Manufacturing, Interior Design, Retail, Annual, Annual general meeting, NTZ, Natuzzi, NYSE, Rare-earth element, Cryptocurrency, Security (finance)

Natuzzi S.p.A. (NYSE: NTZ) (“Natuzzi” or the “Company” and, together with its subsidiaries, the “Natuzzi Group”) announced today that it held, on first call, its annual general shareholders’ meeting on May 19, 2023 (the “Annual General Meeting”).

Key Points: 
  • Natuzzi S.p.A. (NYSE: NTZ) (“Natuzzi” or the “Company” and, together with its subsidiaries, the “Natuzzi Group”) announced today that it held, on first call, its annual general shareholders’ meeting on May 19, 2023 (the “Annual General Meeting”).
  • At the Annual General Meeting, the shareholders approved the Company’s stand-alone financial statements for the fiscal year ended December 31, 2022 and acknowledged the approval of the 2022 consolidated financial statements of the Natuzzi Group by the Company’s Board of Directors at a meeting held on April 13, 2023.
  • As previously announced, the Group reported for the 2022 fiscal year consolidated total net sales of €468.5 million, versus €427.4 million in the previous year, and a net profit of €1.3 million as compared to a net profit of €4.4 million for 2021.

Natuzzi S.p.A.: 2022 Fourth Quarter and Full Year Financial Results and Shareholder Letter

Retrieved on: 
Thursday, April 13, 2023
Retail, Luxury, Other Retail, Home Goods, Manufacturing, Other Manufacturing, Concession, International joint venture, External commercial borrowing, Employment, Natuzzi, ADR, DOS, COVID-19, Tax, American depositary receipt, Joint venture, Person, FOS, Sale, SOP, Turnaround ADR, Wood, Public expenditure, Investment, Depreciation, Transport, NYSE, Car dealership, Cryptocurrency, Video game, Security (finance), Health care, Real estate, Bank, Euro

In 4Q 2022, invoiced sales from franchise stores amounted to €46.6 million, an increase of 12.8% compared to 4Q 2021.

Key Points: 
  • In 4Q 2022, invoiced sales from franchise stores amounted to €46.6 million, an increase of 12.8% compared to 4Q 2021.
  • During 4Q 2022, invoiced sales from the wholesale channel amounted to €44.6 million, a decrease of (15.0%) compared to 4Q 2021.
  • As a consequence, during the quarter the Company reported Finance costs of (€2.7) million compared to Finance costs of (€1.5) million in 2021 fourth quarter.
  • The Company will host a conference call to discuss fourth quarter and full year 2022 financial results on Friday April 14, 2023, at 10:00 a.m. U.S. Eastern Time (4.00 p.m. Italy time, or 3.00 p.m. UK time).

Natuzzi S.p.A. Postpones Dates for the 2022 Fourth Quarter and Full-Year Financial Information and Conference Call

Retrieved on: 
Wednesday, April 5, 2023
Interior Design, Retail, Luxury, Home Goods, Manufacturing, Construction & Property, Other Manufacturing, Natuzzi, NTZ, Bank statement, NYSE

Natuzzi S.p.A. (NYSE: NTZ) (“Natuzzi” or the “Company”) announced today that the Company is postponing its release of the Company’s 2022 fourth quarter and full-year financial results and conference call, originally scheduled for April 5, 2023 and April 6, 2023, respectively.

Key Points: 
  • Natuzzi S.p.A. (NYSE: NTZ) (“Natuzzi” or the “Company”) announced today that the Company is postponing its release of the Company’s 2022 fourth quarter and full-year financial results and conference call, originally scheduled for April 5, 2023 and April 6, 2023, respectively.
  • The board of directors of the Company will wait for such procedures to be substantially completed before approving and releasing the Company’s 2022 fourth quarter and full-year financial results.
  • The Company expects that such procedures will be substantially completed within the first half of April 2023.
  • The Company will announce the updated dates for its earnings release and conference call as soon as they are available.

Natuzzi S.p.A. Appoints New Chief Financial Officer

Retrieved on: 
Wednesday, December 7, 2022
Home Goods, Interior Design, Luxury, Retail, Construction & Property, Workplace, Quality, COC, NTZ, ISTUD, Natuzzi, ISO, NYSE, Safety, ISO 9001, Finance, Administration, Internal audit, Carlo, Environment, Social responsibility, Management

Natuzzi S.p.A. (NYSE: NTZ) (we, Natuzzi or the Company and, together with its subsidiaries, the Group), one of the most renowned brands in the production and distribution of design and luxury furniture, today announces that Mr. Carlo Silvestri is the Chief Financial Officer of the Group, directly reporting to the CEO, Antonio Achille.

Key Points: 
  • Natuzzi S.p.A. (NYSE: NTZ) (we, Natuzzi or the Company and, together with its subsidiaries, the Group), one of the most renowned brands in the production and distribution of design and luxury furniture, today announces that Mr. Carlo Silvestri is the Chief Financial Officer of the Group, directly reporting to the CEO, Antonio Achille.
  • Before joining Natuzzi, Carlo worked for Salvatore Ferragamo Asia, Hong Kong, where since 2013 he covered the role of Chief Financial Officer and Retail Excellence Director for Ferragamo Asia, being responsible for Finance & Administration, Legal, Logistics as well as in charge of Retail Excellence, from January 2020, for the Asia store network.
  • Antonio Achille, CEO of the Group commented: I am pleased to welcome Carlo as the new Chief Financial Officer of the Group.
  • Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is one of the most renowned brands in the production and distribution of design and luxury furniture.

Natuzzi S.p.A.: Third Quarter 2022 Financial Results and Shareholder Letter

Retrieved on: 
Friday, November 25, 2022
Retail, Luxury, Other Retail, Home Goods, Manufacturing, Other Manufacturing, COVID-19, Depreciation, Joint venture, Transport, DOS, Natuzzi, FOS, Wood, SOP, Tax, COVID, Sale, Form, Public expenditure, Person, Car dealership, Lithium, Cryptocurrency, Bank, Euro

As the Natuzzi Group owns a 49% stake in the Joint Venture and does not control it, we consolidate only the sell-in from such DOS.

Key Points: 
  • As the Natuzzi Group owns a 49% stake in the Joint Venture and does not control it, we consolidate only the sell-in from such DOS.
  • In 3Q 2022, invoiced sales from franchise stores amounted to 50.8 million, an increase of 90.3% compared to 3Q 2021.
  • During 3Q 2022, invoiced sales from the wholesale channel amounted to 43.9 million, a decrease of (21.3%) compared to 3Q 2021.
  • The Company will host a conference call to discuss the third quarter 2022 financial results on Monday, November 28, 2022, at 10:00 a.m.

Natuzzi S.p.A. Announces Dates For The Third Quarter 2022 Financial Information And Conference Call

Retrieved on: 
Thursday, November 10, 2022
Retail, Luxury, Other Retail, Home Goods, Manufacturing, Other Manufacturing, Workplace, NYSE, Quality, ISO 9001, Natuzzi, Safety, Social responsibility, Person, ISO, COC, Environment, New, Company, NTZ, Communications satellite

Natuzzi S.p.A. (NYSE: NTZ) (Natuzzi or the Company) will disclose its unaudited 2022 third quarter financial information on Friday November 25, 2022, after the market closes.

Key Points: 
  • Natuzzi S.p.A. (NYSE: NTZ) (Natuzzi or the Company) will disclose its unaudited 2022 third quarter financial information on Friday November 25, 2022, after the market closes.
  • The Company will host a conference call on Monday November 28, 2022, at 10:00 a.m. U.S. Eastern Time (4.00 p.m. Italy time, or 3.00 p.m. UK time) to discuss financial information.
  • A replay of the call will be available from Monday November 28, 2022, 1:00 PM ET until Wednesday December 28, 2022, 11:59 PM ET.
  • Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is one of the most renowned brands in the production and distribution of design and luxury furniture.

Natuzzi to Present at the LD Micro Investor Conference

Retrieved on: 
Tuesday, October 25, 2022
Home Goods, Interior Design, Luxury, Retail, Construction & Property, ISO, New, Quality, Conference, NYSE, Natuzzi, Company, Workplace, Environment, NTZ, Social responsibility, COC, Safety, ISO 9001, Tissue paper

Natuzzi S.p.A. (NYSE:NTZ) (Natuzzi or the Company), the Italian largest furniture company and one of the main global players in the production of design and high-end furniture, distributing its products globally through 700 Natuzzi stores, announced today that its Chief Executive Officer, Antonio Achille, will present at the LD Micro Investor Conference (the Conference) on Wednesday October 26, 2022.

Key Points: 
  • Natuzzi S.p.A. (NYSE:NTZ) (Natuzzi or the Company), the Italian largest furniture company and one of the main global players in the production of design and high-end furniture, distributing its products globally through 700 Natuzzi stores, announced today that its Chief Executive Officer, Antonio Achille, will present at the LD Micro Investor Conference (the Conference) on Wednesday October 26, 2022.
  • The fact that this presentation is being made available is not an admission as to the materiality of any information contained in the presentation.
  • Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is one of the most renowned brands in the production and distribution of design and luxury furniture.
  • With a global retail network of 700 mono-brand stores and 566 galleries as of June 30, 2022, Natuzzi distributes its collections worldwide.

Natuzzi S.p.A. Announces Dates For The Second Quarter 2022 Financial Information And Conference Call

Retrieved on: 
Thursday, September 8, 2022
Retail, Luxury, Other Retail, Home Goods, Manufacturing, Other Manufacturing, NTZ, Natuzzi, ISO 9001, Workplace, Quality, ISO, Social responsibility, New, NYSE, Person, COC, Environment, Safety, Company, Tissue paper

Natuzzi S.p.A. (NYSE: NTZ) (the Company) will disclose its unaudited 2022 second quarter financial information on Friday September 30, 2022, after the market closes.

Key Points: 
  • Natuzzi S.p.A. (NYSE: NTZ) (the Company) will disclose its unaudited 2022 second quarter financial information on Friday September 30, 2022, after the market closes.
  • The Company will host a conference call on Monday October 3, 2022, at 10:00 a.m. U.S. Eastern Time (4.00 p.m. Italy time, or 3.00 p.m. UK time) to discuss financial information.
  • A replay of the call will be available from Monday October 3, 2022, 1:00 PM ET until Thursday November 3, 2022, 11:59 PM ET.
  • With a global retail network of 700 mono-brand stores and 566 galleries as of June 30, 2022, Natuzzi distributes its collections worldwide.

Natuzzi Shareholders Approve a New Stock Option Plan

Retrieved on: 
Tuesday, July 5, 2022
Retail, Luxury, Other Retail, Home Goods, Manufacturing, Other Manufacturing, Quality, Company, Workplace, New, Natuzzi, ISO, Forest Stewardship Council, NYSE, Environment, Social responsibility, Plan, Safety, ISO 9001, NTZ, A

For further information on the terms and conditions of the Plan, please see the press release issued by the Company on May 19, 2022.

Key Points: 
  • For further information on the terms and conditions of the Plan, please see the press release issued by the Company on May 19, 2022.
  • Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is one of the most renowned brands in the production and distribution of design and luxury furniture.
  • With a global retail network of 679 mono-brand stores and 551 galleries as of March 31, 2022, Natuzzi distributes its collections worldwide.
  • Natuzzi has been listed on the New York Stock Exchange since May 13, 1993.