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Natuzzi S.P.A. - NTZ STOCK NEWS

Welcome to our dedicated news page for Natuzzi S.P.A. (Ticker: NTZ), a resource for investors and traders seeking the latest updates and insights on Natuzzi S.P.A..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Natuzzi S.P.A.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Natuzzi S.P.A.'s position in the market.

Rhea-AI Summary
Natuzzi announces the transition of Jason Camp from his role as the North American President, highlighting his significant contributions to the company's retail expansion. The company emphasizes its commitment to enhancing its retail operations globally and improving organic performance.
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Natuzzi S.p.A. (NYSE: NTZ) reported 3Q 2023 invoiced sales of €74.9 million, a 35.8% decrease from 3Q 2022. Branded invoiced sales decreased by 4.3% compared to 3Q 2022, but increased by 4.3% compared to 3Q 2019. The US market is leading a positive trajectory change. The company's gross margin of 35.4% is above the last 3 years average. However, the operating loss of (€1.3) million in 3Q 2023 compares to an operating profit of €4.1 million in 3Q 2022. The company has maintained €37.1 million in cash as of September 30, 2023, compared to €44.5 million as of June 30, 2023. The company anticipates ongoing challenges in the overall economy and the furnishings sector throughout the remainder of 2023 and into the early part of the following year, which may have a potential adverse impact on the business. Nevertheless, they maintain confidence in the strength of their brands and the company's long-term growth strategy.
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Natuzzi S.p.A. (NYSE: NTZ) to Release 2023 Third Quarter Financial Information and Host Conference Call
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Rhea-AI Summary
Natuzzi reported a decrease in invoiced sales for Q2 2023 compared to previous years, but branded invoiced sales were up. Gross margin improved due to price discipline and cost management. Operating breakeven was achieved. Cash decreased to €44.5 million. Cost and capital efficiency are crucial. The company expects a challenging market for the rest of 2023 and potential negative impact on business. They remain confident in the strength of their brands and long-term growth plan.
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Natuzzi to disclose Q2 2023 financial information on September 29, 2023, and host conference call on October 2, 2023.
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Natuzzi S.p.A. filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the SEC. The report can be accessed on the company's website and shareholders can request a hard copy for free.
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Natuzzi S.P.A.

NYSE:NTZ

NTZ Rankings

NTZ Stock Data

68.84M
15.17M
56.23%
17.22%
Upholstered Household Furniture Manufacturing
Manufacturing
Link
Italy
Santeramo In Colle

About NTZ

founded in 1959 by pasquale natuzzi, natuzzi s.p.a. is the italian largest furniture and design company and a world leader in leather upholstered furniture. there is a thread running throughout half a century of natuzzi’s history to its future: integrity. natuzzi is a global group, both from a manufacturing and commercial point of view, with modern manufacturing plants in italy, china, brazil and romania, and commercial branches in the main world markets. thanks to cutting-edge design, superior italian craftsmanship and advanced manufacturing operations, natuzzi is the most globally-recognized furniture brand among consumers of luxury goods (ipsos, 2015), present in the most important markets in the world with a network of about 1,140 mono-brand points of sales.