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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
6-K - NATUZZI S P A (0000900391) (Filer)
6-K - NATUZZI S P A (0000900391) (Filer)
6-K - NATUZZI S P A (0000900391) (Filer)
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
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