Detail akcie Natuzzi Sp ADR online

Business Summary: Natuzzi S.p.A. (Natuzzi) is engaged in the design, manufacture and marketing of contemporary and traditional leather and fabric upholstered furniture. The Company designs, manufactures and sells a collection of couches, armchairs, home furniture and home accessories. The Company operates in two segments: Natuzzi brand and Softaly/Private label. The Natuzzi brand segment includes sales from the Natuzzi Italia, Natuzzi Re-vive and Natuzzi Editions product lines. It offers a range of upholstered furniture for sale, manufactured in production facilities located in Italy and abroad (Romania, Brazil and China). Private label includes its unbranded and Softaly products, and is marketed in North America, Europe, Brazil and Asia-Pacific through a selected number of customers. Natuzzi's range of products includes a collection of sofas and armchairs with particular styles, coverings and functions, with over two million combinations.
Financial Summary: BRIEF: For the nine months ended 30 September 2023, Natuzzi SpA (ADR) revenues decreased 31% to EUR244.5M. Net loss applicable to common stockholders totaled EUR6.4M vs. income of EUR5.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Net exchange rate gains/(losses) decrease of 94% to EUR300K (income).