Natuzzi, S.p.A. (NTZ) Reports Q3 Loss of EUR0.72/Share

Go back to Natuzzi, S.p.A. (NTZ) Reports Q3 Loss of EUR0.72/Share

Natuzzi Announces Consolidated Results for the Third Quarter and First Nine Months of 2018

November 30, 2018 4:31 PM EST

NINE MONTHS NET PROFIT OF 27.0 MILLION, DERIVING FROM THE FINALIZATION OF THE AGREEMENT WITH KUKA SALES AFFECTED BY WEAK WHOLESALE BUSINESS AND UNFAVORABLE EXCHANGE RATES COMPANYS DIRECT RETAIL OPERATIONS CONTINUE TO IMPROVE NINE MONTHS OPERATING MARGINS AFFECTED BY LOWER SALES AND RAW MATERIALS INCREASE, SLIGHTLY IMPROVED IN Q3 IFRS STANDARDS FIRST ADOPTION FROM FULL YEAR 2018

SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)-- The Board of Directors of Natuzzi S.p.A. today approved its 2018 third quarter and... More