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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 S.p.A (NYSE:NTZ), Italy's largest furniture firm, announced that CEO Antonio Achille will present at the LD Micro Investor Conference on October 26, 2022. The presentation will take place from 10:00-10:25 AM Pacific Time and can be viewed live online. A copy of the presentation will also be available on Natuzzi's website. Founded in 1959, Natuzzi is a leader in high-end furniture, boasting a global network of 700 stores. Committed to sustainability, Natuzzi holds several quality certifications.
Natuzzi reported a 7.8% increase in invoiced sales for 2Q 2022, totaling €116.9 million, compared to €108.4 million in 2Q 2021. This growth is 26.8% above pre-pandemic levels. Gross margin decreased to 31.4% from 36.1% due to rising raw material costs and lockdown impacts in China, leading to an operating profit of €1.1 million. Cash reserves increased to €59.8 million as of June 30, 2022. The overall market remains challenging with inflation and geopolitical issues impacting demand.
Natuzzi S.p.A (NYSE: NTZ) will disclose its unaudited 2022 second quarter financial results on September 30, 2022, after market close. The Company invites investors to join a conference call on October 3, 2022, at 10:00 a.m. ET to discuss these results. Participants can join by dialing +1-412-717-9633 or through a video link. A replay of the call will be available until November 3, 2022. Natuzzi, founded in 1959, is renowned for luxury furniture and operates over 700 retail stores globally.
Natuzzi S.p.A. (NYSE: NTZ) announced that its shareholders approved a new stock option plan at an extraordinary meeting on July 1, 2022. The plan includes a capital increase without preemptive rights to issue ordinary shares to employees. This initiative reflects the Company’s commitment to enhance employee retention and align interests with shareholders. For further details, refer to the earlier press release dated May 19, 2022.
Natuzzi S.p.A. (NYSE: NTZ) will conduct a conference call on Tuesday, May 31, 2022 at 10:00 a.m. ET to discuss its first quarter 2022 financial results. Participants can join by dialing +1-412-717-9633 with passcode 39252103# or by visiting this link. A replay will be available from 1:00 PM ET on May 31 until 11:59 PM ET on June 30, 2022. The replay access numbers are +1-844-512-2921 for the U.S. and Canada, and +1-412-317-6671 for other countries, using code 13730235.
Natuzzi S.p.A. (NYSE: NTZ) reported a 16.8% increase in consolidated revenue for 1Q 2022, totaling €118.5 million. Written orders rose to €111.5 million, up 35.4% year-over-year. However, gross margin declined to 34.3% due to rising raw material and energy costs. Operating profit was €1.5 million, down from €3.3 million in 1Q 2021, which included one-off COVID-related support. Cash at quarter-end was €51.2 million, slightly down from €53.5 million in December 2021. The company is navigating challenges from inflation and supply chain disruptions.
Natuzzi S.p.A (NYSE: NTZ) is set to release its unaudited 2022 first quarter financial figures on May 27, 2022, after market hours. A conference call to discuss the financial details will occur on May 31, 2022, at 10:00 AM ET. Participants can join by dialing +1-412-717-9633 with passcode 39252103# or via video link. A replay will be accessible after the call until June 30, 2022, at 11:59 PM ET.
Natuzzi, founded in 1959, is renowned for its luxury furniture, operating a global network of 651 stores and 563 galleries by the end of 2021.
Natuzzi S.p.A. (NYSE: NTZ) announced a proposal for a new stock option plan to be voted on by shareholders in an upcoming extraordinary meeting. The plan aims to grant stock options to designated employees and directors from 2022 to 2026, contingent upon performance milestones and continued employment. A total of 5,485,304 shares, approximately 10% of the outstanding shares, will be available for this plan. The Board will manage the plan, determining the specifics of the options including pricing and vesting conditions.
Natuzzi S.p.A. (NYSE: NTZ) held its annual general shareholders' meeting on May 12, 2022, where shareholders approved the financial statements for the fiscal year ended December 31, 2021. The company reported a consolidated net sales increase to €427.4 million from €328.3 million in 2020, and a net profit of €4.4 million, recovering from a net loss of €24.9 million. Additionally, new statutory auditors and external auditors were appointed for 2022-2024, along with a new Non-Executive Director, Gilles Bonan.
Natuzzi S.p.A (NYSE:NTZ), a leader in luxury furniture, is expanding its presence in the Asia-Pacific region. Following a successful partnership with Kuka in China, where revenues surged by 55.2% to €96.3 million, Natuzzi has now partnered with Truong Thanh Furniture Corporation in Vietnam. This collaboration has led to TTF acquiring a 20% stake in Natuzzi Singapore for $5.4 million. Natuzzi aims to enhance brand distribution and strengthen its industrial platform in the region, marking a significant growth opportunity for the company.
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