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Natuzzi S.p.A., founded in 1959 by Pasquale Natuzzi, stands as Italy's largest furniture and design company and a global frontrunner in leather upholstered furniture. With a steadfast commitment to integrity spanning over half a century, Natuzzi has grown into a global group, excelling both in manufacturing and commercial sectors.
The company operates modern manufacturing plants in Italy, China, Brazil, and Romania, and maintains a strong commercial presence in major global markets. Renowned for cutting-edge design, superior Italian craftsmanship, and advanced manufacturing techniques, Natuzzi is a name synonymous with luxury and quality.
Natuzzi's product portfolio is extensive, encompassing sofas, loveseats, armchairs, sectional furniture, motion furniture, sofa beds, living room furnishings, and various accessories. These products are marketed under several brand names, including Natuzzi Italia, Private Label, and Natuzzi Editions.
Geographically, Natuzzi derives the majority of its revenue from the United States of America, with a substantial international presence in Italy, Spain, the UK, and other countries. The company's network includes approximately 1,140 mono-brand points of sale globally, affirming its status as the most recognized furniture brand among luxury consumers (Ipsos, 2015).
Recent achievements include expanding their product lines and enhancing their manufacturing capabilities to meet the growing demand for premium furniture. Current projects focus on innovation in design and sustainability, aiming to provide eco-friendly furniture solutions without compromising on quality or style.
Natuzzi continues to build on its legacy through strategic partnerships and a commitment to excellence, ensuring it remains a leader in the global furniture industry. For the latest updates on Natuzzi's financial performance, new product launches, and other significant developments, stay tuned to their news updates.
Natuzzi reported its unaudited financials for Q4 and FY 2022. Invoiced sales for Q4 2022 reached €116.5 million, rising 0.7% YoY and 15.8% compared to Q4 2019. Gross margin improved to 37.0%, up from 35.6% in 2021, while operating profit was €1.8 million, significantly better than €0.6 million in Q4 2021. However, a loss of €5.3 million after taxes was reported, impacted by adverse FX and increased financing costs. For FY 2022, total revenues hit €468.5 million, an increase of 9.6% YoY. The gross margin was 35.1%, down from 36.0% in 2021, and net profit was €1.3 million, down from €4.4 million in 2021, which included a one-time gain. The company noted challenges due to high-interest rates and a fluctuating market, but remains committed to long-term growth strategies.
Natuzzi S.p.A. (NYSE: NTZ) will release its unaudited 2022 fourth quarter and full year financial results on April 13, 2023, following market closure. A conference call is scheduled for April 14, 2023, at 10:00 a.m. U.S. Eastern Time to discuss these results. Participants can join via phone or video. A replay will be available from approximately three hours after the call until May 14, 2023. As of December 31, 2022, Natuzzi operates 703 mono-brand stores and 508 galleries globally, showcasing Italian design and craftsmanship. Established in 1959, Natuzzi is committed to quality and sustainability, holding several certifications including ISO 9001 and 14001.
Natuzzi S.p.A (NYSE: NTZ) has announced a postponement of its 2022 fourth quarter and full-year financial results, initially set for April 5 and 6, 2023. This delay is due to the need for additional procedures to ensure accurate financial reporting by its joint venture in China, where Natuzzi holds a 49% stake. The Company anticipates that these procedures will be completed in the first half of April 2023. An updated schedule for the earnings release and conference call will be provided once available.
Natuzzi S.p.A (NYSE: NTZ) will release its unaudited 2022 fourth quarter financial results on April 5, 2023, post-market. A conference call to discuss these results is scheduled for April 6, 2023, at 10:00 a.m. ET. Participants can join by dialing +1-412-717-9633 with passcode 39252103# or via a provided video link. The replay of the call will be accessible from approximately 3 hours after the event until May 6, 2023. Natuzzi, founded in 1959, is a leader in luxury furniture, boasting a presence in 708 stores globally, embodying the essence of Italian design and craftsmanship.
Natuzzi S.p.A (NYSE: NTZ) announces the appointment of Carlo Silvestri as the new Chief Financial Officer. With over 20 years of experience, Carlo has previously held pivotal roles at Salvatore Ferragamo and Dolce & Gabbana. He reports directly to CEO Antonio Achille, who expressed confidence in Carlo's ability to bring fresh ideas and support the Group's restructuring strategy. Natuzzi is renowned for its luxury furniture and has a global retail network of 708 mono-brand stores.
Natuzzi S.p.A. (NYSE: NTZ) reported its Q3 2022 financials, revealing invoiced sales of €116.6 million, a 14.5% increase from Q3 2021. Branded sales reached €103.7 million, up 22.5% YoY, and 57.6% since pre-pandemic Q3 2019. Gross margin improved to 37.7%, up from 36.0% in Q3 2021. Operating profits stood at €4.1 million, reversing losses from previous years. Despite these gains, store traffic has been declining since April, affecting new orders. Cash remains stable at €53.0 million. The company faces ongoing challenges from inflation and geopolitical uncertainties.
Natuzzi S.p.A (NYSE: NTZ) will release its unaudited 2022 third quarter financial results on Friday, November 25, 2022, after market hours. A conference call to discuss the financials will take place on Monday, November 28, 2022, at 10:00 a.m. ET. Participants can join via phone or video through a provided link. A replay of the call will be available from November 28, 1:00 PM ET until December 28, 2022. Natuzzi, established in 1959, is recognized for its luxury furniture and operates a network of 708 mono-brand stores globally.
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