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Natuzzi Announces Consolidated Results For The Second Quarter And First Six Months Of 2019


Saturday, 28 Sep 2019 

Sept 27 (Reuters) - Natuzzi SpA ::NATUZZI ANNOUNCES CONSOLIDATED RESULTS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2019.NATUZZI SPA - CONSOLIDATED NET SALES FOR Q2 OF 2019 WERE EUR 92.2 MILLION, DOWN 12.5% FROM EUR 105.3 MILLION IN SAME PERIOD OF 2018.NATUZZI SPA - COMPANY EXPECTS 3Q2019 SALES ALMOST IN LINE WITH SAME QUARTER OF PREVIOUS YEAR.NATUZZI SPA QTRLY LOSS PER SHARE EUR 0.19.NATUZZI SPA - DURING QUARTER, COMPANY ACCOUNTED FOR EUR 1.4 MILLION FOR LAY-OFF COSTS AT ITALIAN OPERATIONS.NATUZZI - DEPENDING ON BUSINESS IN NORTH AMERICA FOR UNBRANDED BUSINESS, PARTICULARLY SUFFERING FROM TARIFFS IMPOSITION, CO IS CONSIDERING OUTSOURCING IN VIETNAM.NATUZZI SPA - FOR UNBRANDED BUSINESS, ALSO VERIFYING POSSIBILITY TO HAVE AN OUTSOURCED ACTIVITY IN CENTRAL AMERICA.NATUZZI SPA - COMPANY CONFIRMS ITS INTENTION TO SALE NON-STRATEGIC ASSETS.NATUZZI SPA - STARTED DISCUSSIONS WITH MANUFACTURERS LOCATED IN EASTERN EUROPE, TO SERVE CO'S WHOLESALES CUSTOMERS IN EMEAI.NATUZZI SPA - WILL CONTINUE TO SHIFT MANUFACTURING OF LOWER MARGIN PRODUCT TO CO'S ROMANIAN FACILITY.NATUZZI SPA - CO HAS TAKEN ACTIONS IN ORDER TO SELL SOME NON-STRATEGIC ASSETS, INCLUDING SOME INDUSTRIAL ASSETS, SOME REAL ESTATE PROPERTIES IN USA, ITALY. 

Company Quote

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21 Jan 2020