Brief: Natuzzi SpA Says Q1 Sales Fell 22.4% To 82.5 Million EUR

Natuzzi SpA

26/06/2020 23:28

June 26 (Reuters) - Natuzzi SpA  NTZ.N :
    * Q1 SALES FELL 22.4 PERCENT TO 82.5 MILLION EUR
    * STARTED TO OUTSOURCE IN VIETNAM PART OF ITS PRIVATE LABEL
PRODUCTION FOR SOME KEY ACCOUNTS IN USA
    * CONTINUES TO EXPLORE FURTHER EXTERNAL INDUSTRIAL CAPACITY
IN
LOW-COST EUROPEAN COUNTRIES
    * NEGOTIATIONS TO SET UP A NEW INDUSTRIAL PARTNERSHIP IN
EASTERN
EUROPE HAVE RESTARTED
    * INDUSTRIAL FACILITIES, WITH EXCEPTION OF BRAZIL, HAVE
FULLY
RESTARTED THEIR OPERATIONS
    * QTRLY LOSS PER ORDINARY SHARE 0.14 EUR

Source text for Eikon:  ID:nBw1XbzCDa 
Further company coverage:  NTZ.N 

 (Reuters.Briefs@thomsonreuters.com)