Natuzzi Stock Price, News & Analysis

Natuzzi S.p.A. (NYSE: NTZ) will conduct a conference call on Tuesday, May 31, 2022 at 10:00 a.m. ET to discuss its first quarter 2022 financial results. Participants can join by dialing +1-412-717-9633 with passcode 39252103# or by visiting this link. A replay will be available from 1:00 PM ET on May 31 until 11:59 PM ET on June 30, 2022. The replay access numbers are +1-844-512-2921 for the U.S. and Canada, and +1-412-317-6671 for other countries, using code 13730235.

Natuzzi S.p.A. (NYSE: NTZ) reported a 16.8% increase in consolidated revenue for 1Q 2022, totaling €118.5 million. Written orders rose to €111.5 million, up 35.4% year-over-year. However, gross margin declined to 34.3% due to rising raw material and energy costs. Operating profit was €1.5 million, down from €3.3 million in 1Q 2021, which included one-off COVID-related support. Cash at quarter-end was €51.2 million, slightly down from €53.5 million in December 2021. The company is navigating challenges from inflation and supply chain disruptions.

Natuzzi S.p.A (NYSE: NTZ) is set to release its unaudited 2022 first quarter financial figures on May 27, 2022, after market hours. A conference call to discuss the financial details will occur on May 31, 2022, at 10:00 AM ET. Participants can join by dialing +1-412-717-9633 with passcode 39252103# or via video link. A replay will be accessible after the call until June 30, 2022, at 11:59 PM ET.

Natuzzi, founded in 1959, is renowned for its luxury furniture, operating a global network of 651 stores and 563 galleries by the end of 2021.

Natuzzi S.p.A. (NYSE: NTZ) announced a proposal for a new stock option plan to be voted on by shareholders in an upcoming extraordinary meeting. The plan aims to grant stock options to designated employees and directors from 2022 to 2026, contingent upon performance milestones and continued employment. A total of 5,485,304 shares, approximately 10% of the outstanding shares, will be available for this plan. The Board will manage the plan, determining the specifics of the options including pricing and vesting conditions.

Natuzzi S.p.A. (NYSE: NTZ) held its annual general shareholders' meeting on May 12, 2022, where shareholders approved the financial statements for the fiscal year ended December 31, 2021. The company reported a consolidated net sales increase to €427.4 million from €328.3 million in 2020, and a net profit of €4.4 million, recovering from a net loss of €24.9 million. Additionally, new statutory auditors and external auditors were appointed for 2022-2024, along with a new Non-Executive Director, Gilles Bonan.

Natuzzi S.p.A (NYSE:NTZ), a leader in luxury furniture, is expanding its presence in the Asia-Pacific region. Following a successful partnership with Kuka in China, where revenues surged by 55.2% to €96.3 million, Natuzzi has now partnered with Truong Thanh Furniture Corporation in Vietnam. This collaboration has led to TTF acquiring a 20% stake in Natuzzi Singapore for $5.4 million. Natuzzi aims to enhance brand distribution and strengthen its industrial platform in the region, marking a significant growth opportunity for the company.

Natuzzi S.p.A (NYSE:NTZ), a leading Italian furniture manufacturer, announces its new Chief Executive Officer, Antonio Achille, and President of Natuzzi Americas, Jason Camp, will present at the Sidoti Micro Cap Virtual Conference on May 11 at 11:30 a.m. ET. The live webcast will be accessible through the provided link. Natuzzi, founded in 1959, operates 651 stores globally and is renowned for its luxury furniture, committed to sustainability and quality, holding multiple international certifications. For more details, visit Natuzzi's investor relations website.

Natuzzi S.p.A. (NYSE:NTZ) has submitted its annual report on Form 20-F for the fiscal year ending December 31, 2021, to the U.S. Securities and Exchange Commission (SEC). The report, which includes audited consolidated financial statements, is accessible on Natuzzi's website in the Investor Relations section. Shareholders can request a printed copy free of charge by contacting the company directly. Founded in 1959, Natuzzi is a leading brand in luxury furniture, operating 651 mono-brand stores and 563 galleries globally, emphasizing Italian design and craftsmanship.

Natuzzi reported strong financial results for Q4 and fiscal year 2021. Invoiced sales increased by 15.7% year-over-year to €115.6 million, with a gross margin of 35.6%, up from 31.4% in the same period of 2020. The operating profit stood at €0.6 million, down from €2.4 million in Q4 2020, due to exceptional transportation costs. For the full year, revenues were €427.4 million, a 30.2% increase from 2020. Significant growth was noted in order flow, with a backlog of €114.4 million and strong order momentum continuing into 2022, up 32.3% in the first 12 weeks compared to last year.