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02.07.25 - 22:36
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Natuzzi S.p.A. Shareholder Letter and Financial Results (Business Wire)
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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 the Group's Italian factories.
As of March 31, 2025, we held €22.5 million in cash, from €20.3 million as of December 31, 2024. Proceeds from extraordinary transactions, notably the sale of the building in High Point, more than offset operating cash outflows.
Store traffic and written orders are below expectations, d...
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30.06.25 - 22:36
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Natuzzi S.p.A. Announces Dates for 2025 First Quarter Financial Information and Conference Call (Business Wire)
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SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--#NATUZZI--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 option to listen via phone after registering to the link.
A replay of the call will be available approximately 3 hours after the conference ends, until Sunday, August 3, 2025, at 11:59 p.m. Eastern time. To access the replay of the conference call, interested...
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03.06.25 - 22:36
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Annual General Shareholders′ Meeting of Natuzzi S.p.A. (Business Wire)
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─ APPROVED THE COMPANY'S FINANCIAL STATEMENTS FOR 2024.
─ APPOINTED THE COMPANY'S BOARD OF STATUTORY AUDITORS FOR THE THREE-YEAR PERIOD 2025-2027.SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--#NATUZZI--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 April 17, 2025.
At the Annual General Meeting, the shareholders appointed the following individuals to the board of statutory auditors for fiscal years 2025, 2026 and 2027: Mr. Ferdinando Parente as chairman of the board, Mr. Francesco Campo...
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30.04.25 - 18:15
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Natuzzi Filed Its Annual Report on Form 20-F With the SEC (Business Wire)
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SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--#NATUZZI--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 pdirenzo@natuzzi.com.
About Natuzzi S.p.A.
Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is one of the most renowned brands in the production and distribution of design and luxury furniture. As of December 31, 2024, Natuzzi distributes its collections worldwide through a global retail network of 630 Natuzzi mono...
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23.04.25 - 22:36
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Natuzzi Shareholder Letter and Financial Results 2024 – Full Year and Fourth Quarter Results (Business Wire)
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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 the quality of our retail.
As part of our transformation, in 2024, we accelerated our restructuring which affected P&L results with (€5.3) million of one-off severance costs:
(€4.5) million accrued in Cost of Sales;
(€0.8) million accrued in Selling and Administrative expenses.
In 2024, 638 persons exited our ...
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22.04.25 - 22:36
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Natuzzi S.p.A. Announces Dates for the Fourth Quarter and Full Year 2024 Financial Information and Conference Call (Business Wire)
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SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--#NATUZZI--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. Participants also have the option to listen via phone after registering to the link.
A replay of the call will be available approximately 3 hours after the conference end time, until Saturday, May 24, 2025 at 11:59 pm Eastern time. To access the replay of the confere...
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09.12.24 - 04:15
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Australia′s Vection Technologies rises after new contracts with Nestlé, Natuzzi (Reuters EN)
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BUZZ-Australia's Vection Technologies rises after new contracts with Nestlé, Natuzzi ** Shares of Vection Technologies VR1.AX rise as much as 25% to A$0.025, their highest levels since Dec 2 ** Stock logs its best trading session since mid-November ** Co announces new contracts with luxury furniture brand Natuzzi NTZ.N and Nestlé NESN.S , collect...
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09.12.24 - 03:49
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Vection Technologies secures Shelfzone VR contracts with global retail brands (Small Caps)
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Vection Technologies (ASX: VR1) has secured $500,000 in new artificial intelligence (AI) and extended reality (XR) contracts with three global retail brands. The company will supply its products including the new Shelfzone platform to Natuzzi, Nestlé and Agrifarma. Designed for the retail and fast-moving consumer goods sectors, Shelfzone integrates AI and XR to offer virtual […]
The post Vection Technologies secures Shelfzone VR contracts with global retail brands appeared first on Small Caps....
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