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Natuzzi S.p.A. (NTZ), the Italian luxury furniture pioneer renowned for blending artisanal craftsmanship with modern design, provides investors and industry followers with timely updates through this dedicated news hub. Access official press releases, financial disclosures, and strategic announcements from the global leader in leather-upholstered furnishings.
This resource offers centralized tracking of earnings reports, product innovations, manufacturing expansions, and leadership updates, enabling stakeholders to monitor the company's market position. Discover how Natuzzi's brands like Natuzzi Italia adapt to evolving consumer preferences while maintaining heritage production standards across its international facilities.
Bookmark this page for streamlined access to verified updates about design partnerships, retail network developments, and sustainability initiatives. Regular visitors gain insights into how Natuzzi balances traditional Italian craftsmanship with contemporary market demands in the premium furniture sector.
Natuzzi reported its unaudited financials for Q4 and FY 2022. Invoiced sales for Q4 2022 reached €116.5 million, rising 0.7% YoY and 15.8% compared to Q4 2019. Gross margin improved to 37.0%, up from 35.6% in 2021, while operating profit was €1.8 million, significantly better than €0.6 million in Q4 2021. However, a loss of €5.3 million after taxes was reported, impacted by adverse FX and increased financing costs. For FY 2022, total revenues hit €468.5 million, an increase of 9.6% YoY. The gross margin was 35.1%, down from 36.0% in 2021, and net profit was €1.3 million, down from €4.4 million in 2021, which included a one-time gain. The company noted challenges due to high-interest rates and a fluctuating market, but remains committed to long-term growth strategies.
Natuzzi S.p.A. (NYSE: NTZ) will release its unaudited 2022 fourth quarter and full year financial results on April 13, 2023, following market closure. A conference call is scheduled for April 14, 2023, at 10:00 a.m. U.S. Eastern Time to discuss these results. Participants can join via phone or video. A replay will be available from approximately three hours after the call until May 14, 2023. As of December 31, 2022, Natuzzi operates 703 mono-brand stores and 508 galleries globally, showcasing Italian design and craftsmanship. Established in 1959, Natuzzi is committed to quality and sustainability, holding several certifications including ISO 9001 and 14001.
Natuzzi S.p.A (NYSE: NTZ) has announced a postponement of its 2022 fourth quarter and full-year financial results, initially set for April 5 and 6, 2023. This delay is due to the need for additional procedures to ensure accurate financial reporting by its joint venture in China, where Natuzzi holds a 49% stake. The Company anticipates that these procedures will be completed in the first half of April 2023. An updated schedule for the earnings release and conference call will be provided once available.
Natuzzi S.p.A (NYSE: NTZ) will release its unaudited 2022 fourth quarter financial results on April 5, 2023, post-market. A conference call to discuss these results is scheduled for April 6, 2023, at 10:00 a.m. ET. Participants can join by dialing +1-412-717-9633 with passcode 39252103# or via a provided video link. The replay of the call will be accessible from approximately 3 hours after the event until May 6, 2023. Natuzzi, founded in 1959, is a leader in luxury furniture, boasting a presence in 708 stores globally, embodying the essence of Italian design and craftsmanship.
Natuzzi S.p.A (NYSE: NTZ) announces the appointment of Carlo Silvestri as the new Chief Financial Officer. With over 20 years of experience, Carlo has previously held pivotal roles at Salvatore Ferragamo and Dolce & Gabbana. He reports directly to CEO Antonio Achille, who expressed confidence in Carlo's ability to bring fresh ideas and support the Group's restructuring strategy. Natuzzi is renowned for its luxury furniture and has a global retail network of 708 mono-brand stores.
Natuzzi S.p.A. (NYSE: NTZ) reported its Q3 2022 financials, revealing invoiced sales of €116.6 million, a 14.5% increase from Q3 2021. Branded sales reached €103.7 million, up 22.5% YoY, and 57.6% since pre-pandemic Q3 2019. Gross margin improved to 37.7%, up from 36.0% in Q3 2021. Operating profits stood at €4.1 million, reversing losses from previous years. Despite these gains, store traffic has been declining since April, affecting new orders. Cash remains stable at €53.0 million. The company faces ongoing challenges from inflation and geopolitical uncertainties.
Natuzzi S.p.A (NYSE: NTZ) will release its unaudited 2022 third quarter financial results on Friday, November 25, 2022, after market hours. A conference call to discuss the financials will take place on Monday, November 28, 2022, at 10:00 a.m. ET. Participants can join via phone or video through a provided link. A replay of the call will be available from November 28, 1:00 PM ET until December 28, 2022. Natuzzi, established in 1959, is recognized for its luxury furniture and operates a network of 708 mono-brand stores globally.
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.
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