Natuzzi S.p.A. designs, manufactures, and markets leather and fabric upholstered furniture through its own and franchised stores worldwide. The company operates through two segments, Natuzzi Brand and Private Label. Its products primarily include stationary furniture, such as sofas, loveseats, and armchairs; sectional furniture; motion furniture; sofa beds; occasional chairs, including recliners and massage chairs; and home furnishing accessories, including coffee tables, lamps, rugs, home accessories, and wall units. The company also sells polyurethane foam and leather by-products. As of December 31, 2020, it operated 237 Natuzzi Italia stores; 72 Divani&Divani by Natuzzi stores; and 250 Natuzzi Editions stores. The company was formerly known as Industrie Natuzzi S.p.A. and changed its name to Natuzzi S.p.A. in June 2002. Natuzzi S.p.A. was incorporated in 1959 and is headquartered in Santeramo in Colle, Italy.
IPO Year: 1993
Exchange: NYSE
Website: natuzzi.com
6-K - NATUZZI S P A (0000900391) (Filer)
6-K - NATUZZI S P A (0000900391) (Filer)
6-K - NATUZZI S P A (0000900391) (Filer)
6-K - NATUZZI S P A (0000900391) (Filer)
6-K - NATUZZI S P A (0000900391) (Filer)
20-F - NATUZZI S P A (0000900391) (Filer)
6-K - NATUZZI S P A (0000900391) (Filer)
6-K - NATUZZI S P A (0000900391) (Filer)
6-K - NATUZZI S P A (0000900391) (Filer)
6-K - NATUZZI S P A (0000900391) (Filer)
Fastest customizable press release news feed in the world
Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") announced today that Mr. Pietro Labriola has formally accepted the appointment as a non-executive director of the Company by way of co-optation, effective August 6, 2025, further to the resolution adopted by the Board of Directors on July 29, 2025. Mr. Labriola will remain in office until the next Shareholders' Meeting, at which time it will be submitted for confirmation by the shareholders. Mr. Labriola currently serves as Chief Executive Officer and General Manager of Telecom Italia S.p.A. (TIM), one of the leading telecommunications companies in Europe. He has over 30 years of experience in the telecom and technology sectors, havin
Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") announced today that Mr. Antonio Achille, who has served as the Company's Chief Executive Officer and executive director since 2021, stepped down from his roles effective July 30, 2025, to pursue new professional opportunities. Pending the appointment of a successor, the Board of Directors has temporarily delegated the CEO's powers and responsibilities to the Executive Chairman, Mr. Pasquale Natuzzi, who will serve in an interim capacity. The Board of Directors wishes to express its sincere gratitude to Mr. Achille for his impactful leadership and significant contributions during his tenure, particularly in driving strategic transfo
2025 – First Quarter Results 1Q 2025: Highlights Total net sales amounted to €78.1 million, down 7.6% from €84.5 million in 1Q 2024. Gross margin was 34.1%, compared to 36.9% in 1Q 2024, primarily due to the transition phase of the planned production shift of Natuzzi Editions for the North American market from China to Italy. In 1Q 2025, we had an operating loss of (€0.8) million, compared to a profit of €0.6 million in 1Q 2024. Net finance costs were (€2.9) million, compared to net finance costs of (€2.2) million in 1Q 2024, also due to unfavorable currency movements on trade receivables and payables. During 1Q 2025, we invested €1.9 million, primarily to upgrade th
Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") will disclose its unaudited 2025 first quarter financial information on Wednesday July 2, 2025, after the closing of trading on the New York Stock Exchange. The Company will host a conference call on Thursday, July 3, 2025, 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. To join live the conference call, interested persons will need to either: i) dial-in the following number: Toll/International: +1-412-717-9633, then passcode 39252103#, or ii) click on the following link: https://www.c-meeting.com/web3/join/3PQUFXRW48XTKQ to join via video. Participants also have the o
Natuzzi partners with the Italy Pavilion at Expo 2025 Osaka. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250606637644/en/The Italy Pavilion, designed by MCA—Mario Cucinella Architects, is inspired by the Renaissance Ideal City From April 13 to October 13, Osaka is expected to welcome over 30 million visitors and participants from more than 160 countries to the Expo 2025. Natuzzi has been selected as one of the official partners of the Italy Pavilion. The Italy Pavilion—designed by MCA, Mario Cucinella Architects—draws inspiration from the concept of the Renaissance Ideal City. Within this framework, Natuzzi showcases its
─ APPROVED THE COMPANY'S FINANCIAL STATEMENTS FOR 2024. ─ APPOINTED THE COMPANY'S BOARD OF STATUTORY AUDITORS FOR THE THREE-YEAR PERIOD 2025-2027. 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 28, 2025 (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, 2024, and acknowledged the approval of the 2024 consolidated financial statements of the Natuzzi Group by the Company's Board of Directors at a meeting held on A
Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") announced today that it filed its annual report on Form 20-F (the "Annual Report") for the fiscal year ended on December 31, 2024 with the U.S. Securities and Exchange Commission ("SEC"). The Annual Report is available on the Company's website www.natuzzi.com within the Investor Relations page (https://www.natuzzigroup.com/en-EN/ir/investors.html), under the "SEC Filings" section. The Company's shareholders can request a hard copy of the Annual Report, that includes the audited consolidated financial statements, free of charge, by contacting the Company at [email protected]. About Natuzzi S.p.A. Founded in 1959 by Pasquale Natuzzi
Full Year 2024: Highlights Total net sales were €318.8 million, compared to €328.6 million in 2023 (-3.0%). Branded sales were €287.9 million, compared to €295.9 million in 2023 and €295.9 million in 2019. Branded sales were 92.7% of total sales, compared to 92.5% in 2023 and 80.2% in 2019. DOS sales were €76.1 million, up 4.1% from 2023 and up 18.2% from 2019. 2024 growth was driven mainly by a 14.6% sales increase from our DOS in the U.S. In the U.S. we opened 1 additional store in Denver. In 2024, we closed 2 non-performing Natuzzi Italia stores, 1 in Spain and 1 in Switzerland, and 1 Divani&Divani by Natuzzi store in Italy, as part of our ongoing effort to progressively improve th
Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") will disclose its unaudited fourth quarter and full year 2024 financial information on Wednesday April 23, 2025, after the closing of trading on the New York Stock Exchange. The Company will host a conference call on Thursday, April 24, 2025, at 12:00 p.m. (noon) U.S. Eastern time (6.00 p.m. Italy time, or 5.00 p.m. UK time) to discuss financial information. To join live the conference call, interested persons will need to either: dial-in the following number: Toll/International: +1-412-717-9633, then passcode 39252103#, or click on the following link: https://www.c-meeting.com/web3/join/3PQUFXRW48XTKQ to join via video. Participa
Natuzzi is set to take center stage at the 2025 Milan Design Week, embracing the theme "Rooted in Harmony." Unveiling "Radice" - the theme selected for the 2025 MDW - and its evocative meanings. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250404195633/en/Natuzzi Italia flagship store at via Durini, Milan, Italy, at the heart of the design district in Milan Milan Design Week (MDM), with over 2,000 exhibitors and nearly half a million international visitors, is the world's premier stage, annually showcasing the latest design and interior decoration collections from leading global brands. Since 1977, Natuzzi has been a pillar o
Live Leadership Updates
Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") announced today that Mr. Pietro Labriola has formally accepted the appointment as a non-executive director of the Company by way of co-optation, effective August 6, 2025, further to the resolution adopted by the Board of Directors on July 29, 2025. Mr. Labriola will remain in office until the next Shareholders' Meeting, at which time it will be submitted for confirmation by the shareholders. Mr. Labriola currently serves as Chief Executive Officer and General Manager of Telecom Italia S.p.A. (TIM), one of the leading telecommunications companies in Europe. He has over 30 years of experience in the telecom and technology sectors, havin
Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") announced today that Mr. Antonio Achille, who has served as the Company's Chief Executive Officer and executive director since 2021, stepped down from his roles effective July 30, 2025, to pursue new professional opportunities. Pending the appointment of a successor, the Board of Directors has temporarily delegated the CEO's powers and responsibilities to the Executive Chairman, Mr. Pasquale Natuzzi, who will serve in an interim capacity. The Board of Directors wishes to express its sincere gratitude to Mr. Achille for his impactful leadership and significant contributions during his tenure, particularly in driving strategic transfo
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. Carlo brings over 20 years of international experience in finance as well as a solid knowledge of retail and wholesale dynamics gained with important luxury brands. 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 A
First Quarter 2022 Highlights 1Q 2022 Invoiced Sales Increased 16.8% Compared to 1Q 2021 and 43.7% Compared to 1Q 2020 Written Orders in 1Q 2022 of €111.5 Million, 35.4% Above 1Q 2021 and 50.7% Above 1Q 2020 Gross Margin of 34.3%, Compared to 36.2% in 1Q 2021 and 34.2% in 1Q 2020. 1Q 2022 Margin Impacted by Rising Raw Materials and Energy Costs Operating Profit of €1.5 Million, Compared to an Operating Profit of €3.3 Million in 1Q 2021, Which Benefitted From an Extraordinary One-Off €2.8 Million COVID-Related Public Support. 1Q 2022 Operating Profit of €1.5 Million Compares With an Operating Loss of €4.9 Million in 1Q 2020 Cash of €51.2 Million as of March 31, 2022, Compared to €5
Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company" and, together with its subsidiaries, the "Group") announced today the resignation of its Chief Financial Officer, Mr. Vittorio Notarpietro, to pursue other opportunities outside the Global Furniture Industry. The effective date of Mr. Notarpietro's resignation, which is still under determination, is expected to occur within the second half of January 2022. The Company has already commenced an active search for a new Chief Financial Officer and is committed to find a profile that can continue to support the Group's retail and brand transformation currently ongoing. The Company and Mr. Notarpietro have agreed that Mr. Notarpietro will co
Q1 2021 DELIVERED SALES +23.1%, ON ROBUST ORDER BACKLOG YTD POSITIVE MOMENTUM CONTINUES WITH FIRST 18 WEEKS WRITTEN ORDERS IMPROVING ON KEY BUSINESS DIMENSIONS (BRANDS, GEOGRAPHIES) VS BOTH 2020 AND THE PRE-PANDEMIC RESULTS OF 2019 GROSS PROFIT MARGINS EXPAND, OFFSETTING GROWING COST OF RAW MATERIALS OPERATING PROFIT IMPROVES TO HIGHEST LEVELS SINCE Q4 2016 PROFIT FOR THE PERIOD OF €5.9 MILLION INCLUDING €4.8 MILLION OF GAIN FROM THE DISPOSAL OF POLIURETHAN MANUFACTURING SUBSIDIARY AVAILABLE CASH INCREASED BY 83.5% TO €54.1 MILLION VS €29.5 MILLION AS OF MARCH 31, 2020 EPS TURNS POSITIVE (€0.11 PER SHARE) ON MAY 10TH 2021, THE BOARD OF DIRECTORS APPROVED A NEW GOVERNANCE S
─ Approved 2020 Stand-Alone Financial Statements ─ Appointed Members of the New Board of Directors NEW CEO ANTONIO ACHILLE APPOINTED TO WORK IN COOPERATION WITH FOUNDER AND CHAIRMAN Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company" and, together with its subsidiaries, the "Natuzzi Group") announced today that it held, on second call, its annual general shareholders' meeting on May 7, 2021 (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, 2020 and acknowledged the approval of the 2020 consolidated financial statements of the Natuzzi Group by the Company's Board
Live finance-specific insights
2025 – First Quarter Results 1Q 2025: Highlights Total net sales amounted to €78.1 million, down 7.6% from €84.5 million in 1Q 2024. Gross margin was 34.1%, compared to 36.9% in 1Q 2024, primarily due to the transition phase of the planned production shift of Natuzzi Editions for the North American market from China to Italy. In 1Q 2025, we had an operating loss of (€0.8) million, compared to a profit of €0.6 million in 1Q 2024. Net finance costs were (€2.9) million, compared to net finance costs of (€2.2) million in 1Q 2024, also due to unfavorable currency movements on trade receivables and payables. During 1Q 2025, we invested €1.9 million, primarily to upgrade th
Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") will disclose its unaudited 2025 first quarter financial information on Wednesday July 2, 2025, after the closing of trading on the New York Stock Exchange. The Company will host a conference call on Thursday, July 3, 2025, 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. To join live the conference call, interested persons will need to either: i) dial-in the following number: Toll/International: +1-412-717-9633, then passcode 39252103#, or ii) click on the following link: https://www.c-meeting.com/web3/join/3PQUFXRW48XTKQ to join via video. Participants also have the o
Full Year 2024: Highlights Total net sales were €318.8 million, compared to €328.6 million in 2023 (-3.0%). Branded sales were €287.9 million, compared to €295.9 million in 2023 and €295.9 million in 2019. Branded sales were 92.7% of total sales, compared to 92.5% in 2023 and 80.2% in 2019. DOS sales were €76.1 million, up 4.1% from 2023 and up 18.2% from 2019. 2024 growth was driven mainly by a 14.6% sales increase from our DOS in the U.S. In the U.S. we opened 1 additional store in Denver. In 2024, we closed 2 non-performing Natuzzi Italia stores, 1 in Spain and 1 in Switzerland, and 1 Divani&Divani by Natuzzi store in Italy, as part of our ongoing effort to progressively improve th
Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") will disclose its unaudited fourth quarter and full year 2024 financial information on Wednesday April 23, 2025, after the closing of trading on the New York Stock Exchange. The Company will host a conference call on Thursday, April 24, 2025, at 12:00 p.m. (noon) U.S. Eastern time (6.00 p.m. Italy time, or 5.00 p.m. UK time) to discuss financial information. To join live the conference call, interested persons will need to either: dial-in the following number: Toll/International: +1-412-717-9633, then passcode 39252103#, or click on the following link: https://www.c-meeting.com/web3/join/3PQUFXRW48XTKQ to join via video. Participa
FIRST NINE MONTHS OF 2024: HIGHLIGHTS TOTAL NET SALES WERE €243.9 MILLION, IN LINE WITH THE SAME PERIOD IN 2023 (-0.3%). BRANDED SALES WERE €221.2 MILLION, UP 0.3% FROM 2023 SAME PERIOD AND UP 3.1% FROM 2019 SAME PERIOD. BRANDED SALES WERE 93.0% OF TOTAL SALES, COMPARED TO 92.6% IN THE SAME PERIOD OF 2023 AND 78.5% IN THE SAME PERIOD OF 2019. DOS SALES WERE €57.4 MILLION, UP 6.3% FROM 2023 AND UP 20.8% FROM 2019 SAME PERIODS. 2024 GROWTH WAS DRIVEN BY A 22.3% SALES INCREASE FROM DOS IN THE U.S, WHERE WE OPENED 1 ADDITIONAL STORE IN DENVER. DURING THE FIRST 9 MONTHS OF 2024, WE CLOSED TWO NON-PERFORMING NATUZZI ITALIA STORES, ONE IN SPAIN AND ONE IN SWITZERLAND, AS PART OF OUR ONGOI
Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") will disclose its unaudited 2024 first nine months and third quarter financial information on Thursday December 12, 2024, after the market closes. The Company will host a conference call on Friday December 13, 2024, 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. To join live the conference call, interested persons will need to either: dial-in the following number: Toll/International: + 1-412-717-9633, then passcode 39252103#, or click on the following link: https://www.c-meeting.com/web3/join/3PQUFXRW48XTKQ to join via video. Participants also have the option to l
SECOND QUARTER 2024 HIGHLIGHTS 2Q 2024 OVERALL INVOICED SALES AMOUNTED TO €84.4 MILLION, UP 1% FROM €83.5 MILLION IN 2Q 2023. 2Q 2024 BRANDED SALES WERE €76.4 MILLION, UP 2.5% COMPARED TO 2Q 2023 AND UP 7.3% COMPARED TO 2Q 2019. WE COMPLETED OUR TRANSITION TO A BRANDED RETAIL GROUP: 2Q 2024 BRANDED SALES ARE 93.2% OF TOTAL SALES, FROM 91.9% IN 2Q 2023 AND 80.6% IN 2Q 2019. 2Q 2024 DOS SALES WERE €20.0 MILLION, UP 6.2% FROM 2Q 2023. IN THE US, DOS SALES GREW 32.8% FROM 2Q 2023 AND 12.9% FROM STRONG 2Q 2022, CONFIRMING OUR COMMITMENT TO US RETAIL GROWTH, CHIEFLY FOR NATUZZI ITALIA. 2Q 2024 GROSS MARGIN WAS 38.1%, COMPARED TO 36.4% IN 2Q 2023, 31.4% IN 2Q 2022, AND 27.9% IN THE PRE-COV
Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") will disclose its unaudited 2024 second quarter financial information on Tuesday October 22, 2024, after the market closes. The Company will host a conference call on Wednesday October 23, 2024, at 11:00 a.m. U.S. Eastern time (5.00 p.m. Italy time, or 4.00 p.m. UK time) to discuss financial information. To join live the conference call, interested persons will need to either: dial-in the following number: Toll/International: + 1-412-717-9633, then passcode 39252103#, or click on the following link: https://www.c-meeting.com/web3/join/3PQUFXRW48XTKQ to join via video. Participants also have option to listen via phone after registe
First Quarter 2024 Highlights 1Q 2024 Overall Invoiced Sales Amounted to €84.5 Million, Substantially in Line With the Level of Activity of Last Year. In 1Q 2024, Sales From Directly Operated Stores Were €20.5 Million, up 13.6% From 1Q 2023 and 10.0% From 1Q 2022, Confirming Our Focus on Strengthening Direct Retail. In North America, DOS Sales Grew 29.8% From 1Q 2023 and 32.4% From 1Q 2022, Highlighting Our Commitment to Regional Retail Growth, Especially for Natuzzi Italia. Improved 1Q 2024 Gross Margin at 36.9%, Compared to 35.6% in 1Q 2023, 34.3% in 1Q 2022 and 30.1% Versus the Pre-COVID Level of 1Q 2019. 1Q 2024 Operating Profit of €0.6 Million Compared to an Operating Loss
Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") will disclose its unaudited 2024 first quarter financial information on Friday June 21, 2024, after the market closes. The Company will host a conference call on Monday June 24, 2024, 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. To join live the conference call, interested persons will need to either: i) dial-in the following number: Toll/International: + 1-412-717-9633, then passcode 39252103#, or ii) click on the following link: https://www.c-meeting.com/web3/join/3PQUFXRW48XTKQ to join via video. Participants also have option to listen via phone after registering