Natuzzi Stock Price, News & Analysis

Natuzzi (NYSE: NTZ), a leading Italian luxury furniture manufacturer, announced that CEO Antonio Achille has resigned effective July 30, 2025, after serving since 2021. Executive Chairman Pasquale Natuzzi will assume interim CEO responsibilities while the company searches for a permanent replacement.

Founded in 1959, Natuzzi operates a global retail network of 610 monobrand stores and galleries, specializing in "Made in Italy" design and luxury furniture. The company has been listed on the NYSE since 1993 and maintains various quality certifications including ISO 9001, 14001, 45001, and FSC® Chain of Custody.

Natuzzi S.p.A. (NYSE: NTZ) reported challenging Q1 2025 results, with total net sales declining 7.6% to €78.1 million from €84.5 million in Q1 2024. The company experienced an operating loss of €0.8 million, compared to a €0.6 million profit in the previous year.

Key strategic changes include relocating Natuzzi Editions production for North America from China to Italy, closing the Shanghai plant, and implementing a 10% price increase. The company has strengthened its management team with new appointments in retail, HR, and key markets. Despite market challenges, Natuzzi maintained €22.5 million in cash as of March 31, 2025, up from €20.3 million at year-end 2024.

The company operates through a dual-brand strategy with Natuzzi Italia (luxury) and Natuzzi Editions (contemporary), distributing through 610 retail locations across 97 countries.

Natuzzi (NYSE: NTZ) has scheduled the release of its unaudited 2025 first quarter financial information for Wednesday, July 2, 2025, after the NYSE market close. The company will host a conference call to discuss the results on Thursday, July 3, 2025, at 10:00 a.m. ET.

Participants can join the call either by dialing +1-412-717-9633 (passcode: 39252103#) or through a video link. A replay will be available for approximately one month, until August 3, 2025, accessible via specific dial-in numbers for U.S./Canada (+1-844-512-2921) and other countries (+1-412-317-6671) using access code 13754702.

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Natuzzi (NTZ) has been selected as an official partner for the Italy Pavilion at Expo 2025 Osaka, scheduled from April 13 to October 13, 2025. The event is expected to attract over 30 million visitors from more than 160 countries. The Italy Pavilion, designed by MCA-Mario Cucinella Architects, draws inspiration from the Renaissance Ideal City concept. Natuzzi will showcase its Mediterranean lifestyle through collections including Deep and Wave by Nika Zupanc and the iconic Re-vive armchair. The company has a strong presence in the APAC region with 24 free-standing stores (16 Natuzzi Italia and 8 Natuzzi Editions) and has recently strengthened its commercial, retail, and finance organization to improve regional performance. With nearly four decades of presence in Japan, this partnership demonstrates Natuzzi's commitment to the Japanese market.

Natuzzi S.p.A. (NYSE: NTZ) held its annual general shareholders' meeting on May 28, 2025, where shareholders approved key company matters. The meeting resulted in two main outcomes: First, shareholders approved the company's standalone financial statements for fiscal year 2024, while acknowledging the board's previous approval of the 2024 consolidated financial statements. Second, shareholders appointed a new board of statutory auditors for the 2025-2027 period, with Mr. Ferdinando Parente as chairman, Mr. Francesco Campobasso and Mr. Alberto Longo as board members, and Mr. Vito Plantone and Mr. Michele Loizzo as alternates.

Natuzzi, a leading luxury furniture brand, has filed its annual report on Form 20-F with the SEC for the fiscal year ended December 31, 2024. The report is accessible on the company's website under the Investor Relations page.

Founded in 1959, Natuzzi showcases Italian design excellence through its extensive retail network of 630 monobrand stores and 650 wholesale points, including 427 Natuzzi galleries. The company, listed on the NYSE since 1993, emphasizes "Made in Italy" craftsmanship in its predominant production.

The company demonstrates strong commitment to sustainability through multiple certifications:

• ISO 9001 and 14001 (Quality and Environment)
• ISO 45001 (Workplace Safety)
• FSC® Chain of Custody certification

Natuzzi (NYSE: NTZ) reported its 2024 financial results with total net sales of €318.8 million, down 3.0% from 2023. Branded sales represented 92.7% of total sales at €287.9 million. The company's gross margin improved to 36.3% from 34.3% in 2023, though it reported an operating loss of €6.3 million.

Key operational changes included closing the Shanghai factory and relocating Natuzzi Editions production for North America to European sites. The company reduced its workforce by 638 persons in 2024, with 331 related to the Shanghai closure. Since 2021, there has been a net reduction of 1,141 employees (26% of total).

By region, North America showed 3.0% growth, while Greater China declined 14.6%. The company held €20.3 million in cash as of December 2024, down from €33.6 million in 2023. Direct Operating Store (DOS) sales increased 4.1% to €76.1 million, driven mainly by a 14.6% increase in U.S. stores.

Natuzzi (NYSE: NTZ) has scheduled the release of its unaudited fourth quarter and full year 2024 financial results for Wednesday, April 23, 2025, after the NYSE market close. The company will host a conference call on Thursday, April 24, 2025, at 12:00 p.m. Eastern time to discuss the financial information.

Participants can join the call by either dialing +1-412-717-9633 (passcode: 39252103#) or connecting via video link. A replay service will be available for approximately 3 hours after the conference until May 24, 2025, accessible by dialing +1-844-512-2921 (US/Canada) or +1-412-317-6671 (other countries) with access code 13753508.

Natuzzi announces its participation in the 2025 Milan Design Week (MDW) under the theme 'Rooted in Harmony,' showcasing their latest collections and brand evolution. The event, featuring over 2,000 exhibitors and nearly 500,000 international visitors, will highlight Natuzzi's 66-year heritage and integrated value chain in Italy.

The company maintains a strong Italian presence with 430 employees in the Style Center and offices, 1,500 people in factories producing Natuzzi Italia collections, and 3,000 in partner factories. Their Centro Stile, comprising 150 creative designers, continues to drive innovation while preserving brand heritage.

The 2025 MDW presentation will feature collaborations with renowned designers including Karim Rashid, extending the 'Memoria' project into bed collections, Andrea Steidl reimagining living spaces, Mauro Lipparini strengthening dining and living collections, and Marcantonio Malerba contributing artistic designs.