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
FOURTH QUARTER 2023 HIGHLIGHTS 4Q 2023 INVOICED SALES AMOUNTED TO €84.1 MILLION, REFLECTING A DECREASE OF 27.8% COMPARED TO A STRONG 4Q 2022, WHICH BENEFITTED FROM A €16.9 MILLION REDUCTION IN BACKLOG. NET OF THE BACKLOG EFFECT, THE DECREASE WOULD HAVE BEEN OF 15.5%. DESPITE THE CHALLENGING MARKET CONDITIONS, WE CONTINUED INVESTING TO STRENGTHEN OUR BRANDED BUSINESS AND TO ACCELERATE THE RESTRUCTURING OF OUR OPERATIONS. IN 4Q 2023, BRANDED SALES REPRESENTED 92.2% OF TOTAL SALES, CONFIRMING THE TRANSITION TO A LIFESTYLE BRAND, WHICH IS THE RESULT OF MORE THAN A DECADE OF INVESTMENTS. SALES FROM RETAIL WERE 61.7% OF THE TOTAL. THESE PERCENTAGES WERE RESPECTIVELY 85.3% AND 52.2% AT TH
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
6-K - NATUZZI S P A (0000900391) (Filer)
6-K - NATUZZI S P A (0000900391) (Filer)
6-K - NATUZZI S P A (0000900391) (Filer)
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
The Group of Seven (G7), comprising presidents and political leaders of Italy, Canada, France, Germany, Japan, the United Kingdom, and the United States, along with the European Union leaders, will convene for the 50th G7 Summit from June 13 to 15, 2024, in Apulia. This year marks a historic first as Pope Francis will participate in the summit, emphasizing the importance of ethical considerations and social justice in global economic discussions. Natuzzi Italia is honoured to have been selected to furnish the meeting rooms for bilateral leader meetings at the G7 in Apulia. Among the collections featured will be Re-vive, the iconic collections which celebrates its 10th anniversary. Pasqu