Natuzzi S.p.A. reports developments in its design and luxury furniture business, including results for upholstered and other home furnishings sold through branded and unbranded channels. The company designs, manufactures and distributes leather and fabric-upholstered furniture under brands including Natuzzi Italia, Natuzzi Editions and Divani&Divani by Natuzzi, with worldwide distribution through monobrand stores, galleries and multi-brand placements.
Recurring updates cover quarterly and annual financial information, sales by business channel, key markets and distribution format, factory and production matters, restructuring initiatives, capital-structure measures, shareholder meetings, board appointments and NYSE ADR listing compliance. Natuzzi also reports foreign-issuer disclosure events such as Form 20-F timing and related SEC notices.
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.
Natuzzi S.p.A. (NYSE: NTZ) announced that its shareholders approved a new stock option plan at an extraordinary meeting on July 1, 2022. The plan includes a capital increase without preemptive rights to issue ordinary shares to employees. This initiative reflects the Company’s commitment to enhance employee retention and align interests with shareholders. For further details, refer to the earlier press release dated May 19, 2022.
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.