Last $1.68 USD
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Volume 200.0
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natuzzi spa-sp adr (NTZ) Snapshot

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05/6/14 - $3.22
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natuzzi spa-sp adr (NTZ) Details

Natuzzi S.p.A. designs, manufactures, and markets leather and fabric upholstered furniture worldwide. Its products primarily include linear and sectional sofas, loveseats, armchairs, sectional furniture, motion furniture, sofa beds, recliners and massage chairs, and living room and bedroom furnishings and accessories. The company sells its products primarily under the Natuzzi Italia, Natuzzi Editions/Leather Editions, Natuzzi Re-vive, and Softaly brand names. Natuzzi S.p.A. sells its Natuzzi branded furniture primarily through franchised Divani & Divani by Natuzzi, and Natuzzi furniture stores. As of February 28, 2014, it had 95 Divani & Divani by Natuzzi stores, and 177 Natuzzi Italia stores, as well as 314 Natuzzi galleries. The company was founded in 1959 and is headquartered in Santeramo in Colle, Italy.

6,377 Employees
Last Reported Date: 04/30/14
Founded in 1959

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natuzzi spa-sp adr (NTZ) Key Developments

Natuzzi SpA Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Natuzzi SpA reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s total net sales were EUR 111.7 million compared to EUR 103.3 million a year ago. This increase in turnover is meaningful in relative terms if it consider its progression over each of the first three quarters of the year compared to each of the first three quarters of 2013: increased by 11.2% in the first quarter; decreased by 1.2% in the second quarter; and increased by 8.2%% in the third quarter. EBITDA was EUR 3.7 million compared to EUR 4.5 million a year ago. EBIT was EUR 7.8 million compared to EUR 8.8 million a year ago. Earnings before income taxes were EUR 9.0 million compared to EUR 18.3 million a year ago. Net loss was EUR 9.4 million compared to EUR 18.7 million a year ago. Net group loss was EUR 9.4 million or EUR 0.17 per share, compared to EUR 18.7 million or EUR 0.34 per share, a year ago. For the nine months, the company’s total net sales were EUR 322.8 million compared to EUR 328.1 million a year ago. EBITDA was EUR 17.6 million compared to EUR 10.8 million a year ago. EBIT was EUR 28.3 million compared to EUR 23.1 million a year ago. Earnings before income taxes were EUR 32.7 million compared to EUR 35.2 million a year ago. Net loss was EUR 33.9 million compared to EUR 38.7 million a year ago. Net group loss was EUR 33.9 million or EUR 0.62 per share, compared to EUR 38.9 million or EUR 0.71 per share, a year ago. Net cash used by operating activities was EUR 30.1 million compared to EUR 6.5 million a year ago. Property, plant and equipment additions were EUR 6.8 million compared to EUR 6.0 million a year ago.

Natuzzi SpA Announces Executive Changes

Natuzzi SpA announced that Mr. Antonio Cavallera has been appointed Chief HR, IT and Organization Officer of the Natuzzi Group. In October 2012, Antonio took on the role of Chief Planning, Organization and Corporate Communications Officer, directly reporting to the CEO, and became a member of the Senior Executive Team. Mr. Umberto Bedini has resigned as Chief Operations Officer of the Natuzzi Group, for personal reasons. The Chief Executive Officer of the Group takes on this responsibility ad interim.

Natuzzi SpA to Report Q3, 2014 Results on Nov 28, 2014

Natuzzi SpA announced that they will report Q3, 2014 results at 5:00 PM, W. Europe Standard Time on Nov 28, 2014


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