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Stock impact report

Natuzzi Announces Consolidated Results for the Third Quarter and First Nine Months of 2019

Natuzzi, S.p.A. (NTZ) 
US:NYSE Investor Relations: natuzzigroup.com/en-en/ir/investors.html
Company Research Source: Business Wire
RETAIL BUSINESS IMPROVES WHOLESALE BUSINESS AFFECTED BY ONGOING TRADE DISPUTE GROSS MARGIN IMPROVING, NET OF RESTRUCTURING COSTS NEW INDUSTRIAL FOOTPRINT SETUP IN PROGRESS SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--The Board of Directors of Natuzzi S.p.A. (NYSE:NTZ) (“Natuzzi” or the “Company”) today approved 2019 unaudited third quarter and first nine months consolidated financial results.In this document, numbers for 2019 and 2018, the latter previously reported under Italian GAAP, are reclassified and reported under IFRS.Third Quarter 2019 resultsConsolidated net sales for the third quarter of 2019 were €88.1 million, down 3.7% from €91.5 million in 2018 same period.Considering the Group’s core business only (upholstery, accessories and home furnishings), net sales were €83.7 million, which represents a 3.0% decrease compared to last year. Non-core sales were €4.4 million, down 15.5%.Core business net revenues were impacted by the deconsolidation of our Chinese commercial Show less Read more
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