Brief: Natuzzi SpA Reports Quarterly Loss Per Share Of EUR 0.08

Natuzzi SpA

25/05/2019 24:42

May 24 (Reuters) - Natuzzi SpA  NTZ.N :
    * NATUZZI ANNOUNCES CONSOLIDATED RESULTS FOR THE FIRST
QUARTER
2019
    * NATUZZI SPA - CONSOLIDATED REVENUES FOR Q1 OF 2019 WERE
EUR
106.2 MILLION, DOWN 8.9% FROM EUR 116.6 MILLION IN 2018 SAME
QUARTER.
    * NATUZZI SPA - HIGHER US-CHINA TRADE TENSIONS, UNCERTAINTY
SURROUNDING BREXIT NEGOTIATIONS ARE AFFECTING OUR OPERATIONS IN
2019.
    * NATUZZI SPA - QTRLY LOSS PER SHARE EUR 0.08
    * NATUZZI SPA - HAD WEAKER-THAN-AVERAGE ORDER FLOW FOR LAST
FEW
WEEKS IN PARTICULAR IN N.AMERICAN MARKET DUE TO RECENT
ESCALATION IN TRADE DISPUTE
    * NATUZZI SPA -  WEAKER-THAN-AVERAGE ORDER FLOW FOR LAST FEW
WEEKS
WILL RESULT IN Q2 SALES BELOW Q1
    * NATUZZI - EXPLORING ALTERNATIVE INDUSTRIAL ALLOCATIONS TO
SERVE
U.S. MARKET BY LEVERAGING OINTERNATIONAL FOOTPRINT, MINIMIZE
EFFECTS OF TARIFFS
    * NATUZZI SPA - BEGUN TO SHIFT VOLUMES OF PRODUCTION FROM
ITALY TO
ROMANIAN PLANT, THIS SHOULD IMPROVE LABOR COST FROM Q2
    * NATUZZI SPA - Q1 GROSS MARGIN IMPROVING AT 30.1% VERSUS
28.2% IN
Q1 2018

Source text for Eikon:  ID:nBw7pfG13a 
Further company coverage:  NTZ.N 

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