This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Natuzzi S.p.A. Announces First Quarter 2012 Consolidated Results

The Board of Directors of Natuzzi S.p.A. (NYSE: NTZ; the “Company”, hereafter), today approved its consolidated results for the quarter ended March 31, 2012.
  • Total Net Sales equal to € 110.4 million, as compared to € 121.0 million in first quarter 2011
  • Industrial Margin at € 35.3 million, from € 42.8 million reported in the same comparable period of 2011
  • Operating Loss equal to € 7.4 million versus an operating loss of € 2.5 million in the first quarter of 2011
  • Net Group Loss of € 8.4 million versus a Net Group Loss of € 3.0 million in first quarter 2011
  • Positive Group’s Net Financial Position at € 43.7 million as at March 31, 2012

During the first quarter of 2012, Total Net Sales (including raw materials and semi-finished products sold to third parties) decreased 8.8% to € 110.4 million.

Total upholstery net sales amounted to € 95.8 million, down by 9.1% as compared to last year first quarter.

The following table sets forth the break-down of upholstery net sales during the first three months of 2012 and 2011 according to the Group’s main geographical areas:


Europa (excluding Italy) 38.9% 45.7%
Americas 36.3% 26.0%
Italy 10.6% 14.2%
Rest of the World 14.2% 14.1%

Total upholstery net sales



The above table highlights a generalized decreasing sales trend in Europe, mainly due to the Sovereign debt related crisis and contraction in the Euro-area economic activity, both still underway. Differently, during the same quarter, the Group reported a strong growth in sales for the Americas region, thanks to the Group’s commercial efforts in North America, a moderate recovery in consumption in the U.S.A. and the positive, albeit still marginal, sales contribution from the South America. As a matter of fact, Group’s sales in Brazil increased 228% to € 1.7 million during the first three months of 2012 (as compared to about € 0.5 million reported for the prior year's first quarter).

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 0.00%
FB $118.57 0.00%
GOOG $698.21 0.00%
TSLA $241.80 0.00%
YHOO $36.53 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs