Brief: Natuzzi SpA Says Consolidated Revenues For Q4 2018 Were EUR 115.2 Mln, Down 4.1%

Natuzzi SpA

10/04/2019 21:37

April 10 (Reuters) - Natuzzi SpA  NTZ.N :
    * NATUZZI SPA - CONSOLIDATED REVENUES FOR Q4 OF 2018 WERE
EUR
115.2 MILLION, DOWN 4.1%
    * NATUZZI SPA QTRLY CONSOLIDATED GROSS MARGIN WAS 27.4%,
FROM
28.9% IN PRIOR YEAR Q4
    * NATUZZI SPA - REPORTED QTRLY OPERATING LOSS OF EUR 8.9
MILLION,
VERSUS AN OPERATING LOSS OF EUR 6.3 MILLION
    * NATUZZI SPA -  RESOLVED TO PROPOSE AT NEXT EXTRAORDINARY
SHAREHOLDERS' MEETING AN ADR /SHARE BUYBACK PROGRAM
    * NATUZZI SPA -  WILL FOCUS OUR EFFORTS IN ENHANCING
PRODUCTIVITY
OF NATUZZI EDITIONS STORES
    * NATUZZI SPA - "IN 2019, WE WILL CONTINUE TO EXPAND OUR
MONO-BRAND STORE NETWORK"
    * NATUZZI SPA -  2019 WILL SEE SIGNIFICANT CHANGE IN
ORGANIZATIONS
OF ITALIAN INDUSTRIAL OPERATIONS THAT WILL START REDUCING
MANUFACTURING COST FROM Q2
    * NATUZZI SPA - "AWARE THAT STILL ONGOING DISCUSSIONS ABOUT
TARIFFS AND WORSENING OF ECONOMIC ENVIRONMENT CONTINUE TO
GENERATE UNCERTAINTY"
    * NATUZZI SPA - QTRLY LOSS PER ORDINARY SHARE EUR 0.22
    * NATUZZI -  REDUCTION IN ITALIAN LABOR COST, FAVORABLE
TREND IN
RAW MATERIALS, AMONG OTHERS, ARE BASIS FOR PROFITABILITY
IMPROVEMENT TARGETED FOR 2019

Source text for Eikon:  ID:nBw1hZqjFa 
Further company coverage:  NTZ.N 

 (Reuters.Briefs@thomsonreuters.com)