Natuzzi S.p.A.: Shareholder Letter and Financial Results 2023 – Fourth Quarter and Full Year Results
Natuzzi, S.p.A. (NTZ)
US:NYSE Investor Relations:
natuzzigroup.com/en-en/ir/investors.html
Company Research
Source: Business Wire
FOURTH QUARTER 2023 HIGHLIGHTS4Q 2023 INVOICED SALES AMOUNTED TO €84.1 MILLION, REFLECTING A DECREASE OF 27.8% COMPARED TO A STRONG 4Q 2022, WHICH BENEFITTED FROM A €16.9 MILLION REDUCTION IN BACKLOG. NET OF THE BACKLOG EFFECT, THE DECREASE WOULD HAVE BEEN OF 15.5%.DESPITE THE CHALLENGING MARKET CONDITIONS, WE CONTINUED INVESTING TO STRENGTHEN OUR BRANDED BUSINESS AND TO ACCELERATE THE RESTRUCTURING OF OUR OPERATIONS.IN 4Q 2023, BRANDED SALES REPRESENTED 92.2% OF TOTAL SALES, CONFIRMING THE TRANSITION TO A LIFESTYLE BRAND, WHICH IS THE RESULT OF MORE THAN A DECADE OF INVESTMENTS. SALES FROM RETAIL WERE 61.7% OF THE TOTAL. THESE PERCENTAGES WERE RESPECTIVELY 85.3% AND 52.2% AT THE BEGINNING OF 2021.IN 4Q 2023 WE COMPLETED THE ORGANIZATIONAL AND IT INTERVENTIONS TO ENSURE A MODERN MANAGEMENT OF OUR RETAIL AND COMMERCIAL OPERATIONS, WHICH SPREAD ACROSS 678 STORES AND 100 COUNTRIES.IN 4Q 2023 WE ACCELERATED THE RESTRUCTURING, BOTH WITHIN FACTORIES AND HQ, AS A PART OF OUR LONG-TERM TRANSF
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News
- Natuzzi S.p.A. (NYSE: NTZ) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Natuzzi Filed Its Annual Report on Form 20-F with the SECBusiness Wire
- Natuzzi S.p.A. (NYSE: NTZ) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Natuzzi Celebrates Its 65th Anniversary by Bringing Its Harmony and Its New Collections on the Stage of the High Point Market in US and of the Design Week in Milan [Yahoo! Finance]Yahoo! Finance
- Natuzzi Celebrates Its 65th Anniversary by Bringing Its Harmony and Its New Collections on the Stage of the High Point Market in US and of the Design Week in MilanBusiness Wire
NTZ
Sec Filings
- 4/30/24 - Form 6-K
- 4/30/24 - Form 20-F
- 4/19/24 - Form 6-K
- NTZ's page on the SEC website