Welcome to our dedicated page for Natuzzi news (Ticker: NTZ), a resource for investors and traders seeking the latest updates and insights on Natuzzi stock.
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) reported a 20.7% increase in 3Q 2021 invoiced sales to €101.8 million, compared to €84.4 million in 3Q 2020. Gross margin improved to 36.0%, up from 32.5% in the previous year, despite ongoing supply chain challenges and inflationary pressures. Written orders surged 30.8% from 1Q 2021 and 5.2% sequentially from 2Q 2021. The company ended the quarter with €54.4 million in cash, a rise from €39.8 million year-over-year. However, operating losses remained steady at €0.4 million due to increased costs and delivery delays.
Natuzzi S.p.A. (NYSE: NTZ) will release its 2021 third quarter financial results on November 26, 2021, after market close. A conference call to discuss these results is scheduled for November 29, 2021, at 10:00 a.m. ET. Participants can join via video or telephone, with a replay available until December 29, 2021. Natuzzi, established in 1959, operates a global retail network of 577 mono-brand stores as of June 30, 2021, focusing on luxury furniture with an Italian design influence.
Natuzzi reported remarkable financial results for Q2 2021, with invoiced sales soaring by 76.0% compared to Q2 2020 and 17.7% vs Q2 2019, totaling €108.4 million. The company achieved a gross margin of 36.1%, up from 26.1% in Q2 2020. Operating profit surged to €1.5 million, a significant recovery from the previous year's loss of €7.7 million. Cash reserves increased to €55.1 million, demonstrating improved liquidity. Despite ongoing supply chain challenges, the Group invests in modernization and expansion to meet rising demand, especially in key markets like the U.S. and China.
Natuzzi S.p.A (NYSE: NTZ) will announce its Q2 and H1 2021 financial results on September 24, 2021, after market close. Following this, a conference call will occur on September 27, 2021, at 10:00 a.m. ET to discuss these results. Interested participants can join via video or telephone. A replay of the call will be accessible from September 27, 2021, at 1:00 p.m. ET until October 27, 2021, using specific dial-in numbers and an access code. Natuzzi, founded in 1959, is a leader in luxury furniture with 577 mono-brand stores globally.
The Board of Directors of Natuzzi approved its Q1 2021 financial results, highlighting a 23.1% increase in consolidated net sales to €101.5 million, driven by strong branded sales. The branded segment saw a 31.9% rise, making up 87.6% of core business. Key markets reported impressive growth, particularly in Greater China (+92.0%) and North America (+24.9%). The company improved gross margins through cost management despite rising raw material expenses, and a new CEO was appointed to boost future growth.
Natuzzi S.p.A. (NYSE: NTZ) will reveal its first quarter 2021 financial results on Friday, May 21, 2021, after market close. A conference call is scheduled for Monday, May 24, 2021, at 10:00 a.m. ET to discuss these results. Interested participants can join via the provided link. A replay will be accessible until June 24, 2021, with specific dialing instructions for different regions. Natuzzi, established in 1959, is renowned for its luxury furniture and committed to sustainability with multiple certifications.
Natuzzi S.p.A. (NYSE: NTZ) convened its Annual General Meeting on May 7, 2021, where shareholders approved the 2020 financial statements. The meeting resulted in the appointment of Antonio Achille as CEO, effective June 1, 2021, succeeding Pasquale Natuzzi, who transitions to Executive Chairman. Achille, a former McKinsey executive, is tasked with enhancing growth and margins. The Board also appointed new governance structures, including a Risk Committee. This move is part of Natuzzi's strategy to strengthen its competitive position in the luxury furniture market.
Natuzzi S.p.A. (NYSE: NTZ) has filed its fiscal year 2020 Annual Report on Form 20-F with the SEC. The report is available on the Company’s website within the Investor Relations section. Shareholders can request a hard copy of the Annual Report, which includes audited consolidated financial statements, free of charge via email. Founded in 1959, Natuzzi is Italy's largest furniture house and a significant player in the global furniture market, recognized for its commitment to social responsibility and environmental sustainability.
The majority shareholder of Natuzzi (NYSE: NTZ) has announced it will not attend the scheduled shareholder meeting on April 30, 2021. Consequently, the meeting will take place on the second call on May 7, 2021. The Bank of New York Mellon, as the Depositary for the American Depositary Receipt (ADR) program, stated that any voting instructions from ADR holders must be submitted by 12:00 PM EST on May 3, 2021, to be considered timely.
The Board of Directors of Natuzzi approved the 2020 fourth quarter and full year financial results, revealing a consolidated net sales of €99.9 million for Q4, down 0.6% year-over-year. Full-year sales fell 15.1% to €328.3 million due to pandemic disruptions. Despite challenges, Natuzzi reported operating profit of €2.4 million in Q4 and a net profit from its Chinese partnership of €0.5 million. A preliminary partnership with Truong Thanh Furniture Corporation aims to enhance operations in the APAC region. Caution remains regarding supply chain disruptions and COVID-19 impacts.