Natuzzi S.p.A. Postpones Dates for the 2022 Fourth Quarter and Full-Year Financial Information and Conference Call
04/05/2023 - 05:05 AM
SANTERAMO IN COLLE, Bari, Italy --(BUSINESS WIRE)--
Natuzzi S.p.A . (NYSE: NTZ) (“Natuzzi” or the “Company”) announced today that the Company is postponing its release of the Company’s 2022 fourth quarter and full-year financial results and conference call, originally scheduled for April 5, 2023 and April 6, 2023 , respectively.
The Company’s joint venture in China , in which Natuzzi retains a 49% interest and which is accounted for in the Company’s consolidated financial statements using the equity method, needs to carry out certain additional procedures to ensure the accuracy of its reporting of financial information for 2022 and, therefore, has not yet completed its preparation of the full-year ended December 31, 2022 financial results. The board of directors of the Company will wait for such procedures to be substantially completed before approving and releasing the Company’s 2022 fourth quarter and full-year financial results.
The Company expects that such procedures will be substantially completed within the first half of April 2023 . The Company will announce the updated dates for its earnings release and conference call as soon as they are available.
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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. With a global retail network of 703 mono-brand stores and 508 galleries as of December 31, 2022 , Natuzzi distributes its collections worldwide. Natuzzi products embed the finest spirit of Italian design and the unique craftmanship details of the “Made in Italy”, where a predominant part of its production takes place. Natuzzi has been listed on the New York Stock Exchange since May 13, 1993 . Always committed to social responsibility and environmental sustainability, Natuzzi S.p.A . is ISO 9001 and 14001 certified (Quality and Environment), ISO 45001 certified (Safety on the Workplace) and FSC® Chain of Custody, CoC (FSC-C131540).
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Natuzzi Investor Relations
Piero Direnzo | tel. +39 080-8820-812 | pdirenzo@natuzzi.com
Source: Natuzzi S.p.A .
NTZ Rankings
#793 Ranked by Stock Gains
NTZ Stock Data
Industry
Upholstered Household Furniture Manufacturing
Sector
Manufacturing
Tags
Consumer Durables, Home Furnishings, Manufacturing, Upholstered Household Furniture Manufacturing
Country
Italy
City
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.
