Natuzzi, S.p.A. (NTZ) Reports Q1 Loss of EUR0.18/Share

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Go back to Natuzzi, S.p.A. (NTZ) Reports Q1 Loss of EUR0.18/Share

First Quarter 2015 Natuzzi Consolidated Results

May 15, 2015 4:40 PM EDT

A DOUBLE DIGIT INCREASE IN REVENUES AND IMPROVEMENT ON MARGINS CONFIRMS THE POSITIVE TREND OF THE PREVIOUS QUARTERS

CONSOLIDATED NET SALES FOR THE QUARTER EQUAL TO 122.6 MLN EUROS, UP 24.6% V 98.4 MLN EUROS REPORTED IN THE FIRST QUARTER OF 2014. GROSS MARGIN IMPROVEMENT MAINLY RELATED TO GROWTH OF VOLUMES, THE POSITIVE EFFECT OF THE PRODUCT MIX AND PRODUCTION EFFICIENCIES. OTHER SG&A AS A PERCENTAGE OF NET SALES DOWN BY 4.8% COMPARED TO THE SAME PERIOD OF THE PREVIOUS YEAR.... More