Natuzzi Announces Consolidated Results for the First Quarter 2019
Natuzzi, S.p.A. (NTZ)
US:NYSE Investor Relations:
natuzzigroup.com/en-en/ir/investors.html
Company Research
Source: Business Wire
GROSS MARGIN IMPROVING AT 30.1% VS 28.2% IN Q1 2018 DIRECT RETAIL OPERATIONS (DOS) IMPROVING 21 FRANCHISED MONO-BRAND STORES (FOS) AND 1 DOS OPENED IN 2019 REORGANIZATION OF THE ITALIAN WORKFORCE STARTED IN APRIL 2019 SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)-- The Board of Directors of Natuzzi S.p.A. (NYSE: NTZ) (“Natuzzi” or the “Company”) today approved its 2019 first quarter unaudited consolidated financial results. 2019 First quarter results Consolidated revenues for the first quarter of 2019 were €106.2 million, down 8.9% from €116.6 million in 2018 same quarter. Upholstery and furnishings net sales were €101.1 million, down 8.2% from last year same quarter as a result of the 9.1% decrease in upholstery net sales (at €90.7 million) and a 0.3% increase in furnishings sales (at €10.4 million). Other sa
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