NTZ - Leadership updates

Mr. Uva Expected to Formally Assume the CEO Role Within the First Half of October 2026 Former Natuzzi CEO Aldo Uva to Lead Group’s Industrial and Operational Turnaround Natuzzi S.p.A. (NYSE:NTZ) ("we", "Natuzzi" or the "Company" and, together with its subsidiaries, the "Group"), one of the most renowned brands in the production and distribution of design and luxury furniture, today announced the appointment of Mr. Aldo Uva as a new member of the Company’s Board of Directors. The appointment follows the shareholders’ approval, at the general meeting held on September 11, 2026, of the increase in the number of members of the Board of Directors. Furthermore, the Company expects the Board o

Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") today announced that Mr. Pietro Labriola has resigned from his position as a member of the board of directors. Pietro Labriola, who has served as a non-executive director of the Company since July 2025, has decided to step down due to increased professional commitments. Pietro Labriola commented: "This decision of mine is not certainly related to the Company's current business and industrial challenges. On the contrary, I remain confident that Natuzzi may pursue an adequate turnaround, provided it maintains strategic clarity and execution continuity. My resignation stems solely from increased time commitments related to my other pro

― Resolution of appropriate measures pursuant to Article 2446 of the Italian Civil Code ― Ratification of the appointment of non-executive director Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") today announced that its ordinary shareholders' meeting (the "Shareholders' Meeting"), convened on second call, was held on February 16, 2026. The Shareholders' Meeting resolved to postpone the decision regarding the reduction of the Company's share capital pursuant to Article 2446 of the Italian Civil Code, following the losses recorded in the Company's unaudited financial statements for the first nine months and the third quarter ended September 30, 2025, to the shareholders' meeting

Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") announced today that Mr. Pietro Labriola has formally accepted the appointment as a non-executive director of the Company by way of co-optation, effective August 6, 2025, further to the resolution adopted by the Board of Directors on July 29, 2025. Mr. Labriola will remain in office until the next Shareholders' Meeting, at which time it will be submitted for confirmation by the shareholders. Mr. Labriola currently serves as Chief Executive Officer and General Manager of Telecom Italia S.p.A. (TIM), one of the leading telecommunications companies in Europe. He has over 30 years of experience in the telecom and technology sectors, havin

Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") announced today that Mr. Antonio Achille, who has served as the Company's Chief Executive Officer and executive director since 2021, stepped down from his roles effective July 30, 2025, to pursue new professional opportunities. Pending the appointment of a successor, the Board of Directors has temporarily delegated the CEO's powers and responsibilities to the Executive Chairman, Mr. Pasquale Natuzzi, who will serve in an interim capacity. The Board of Directors wishes to express its sincere gratitude to Mr. Achille for his impactful leadership and significant contributions during his tenure, particularly in driving strategic transfo

Natuzzi S.p.A. (NYSE:NTZ) ("we", "Natuzzi" or the "Company" and, together with its subsidiaries, the "Group"), one of the most renowned brands in the production and distribution of design and luxury furniture, today announces that Mr. Carlo Silvestri is the Chief Financial Officer of the Group, directly reporting to the CEO, Antonio Achille. Carlo brings over 20 years of international experience in finance as well as a solid knowledge of retail and wholesale dynamics gained with important luxury brands. Before joining Natuzzi, Carlo worked for Salvatore Ferragamo Asia, Hong Kong, where since 2013 he covered the role of Chief Financial Officer and Retail Excellence Director for Ferragamo A

First Quarter 2022 Highlights 1Q 2022 Invoiced Sales Increased 16.8% Compared to 1Q 2021 and 43.7% Compared to 1Q 2020 Written Orders in 1Q 2022 of €111.5 Million, 35.4% Above 1Q 2021 and 50.7% Above 1Q 2020 Gross Margin of 34.3%, Compared to 36.2% in 1Q 2021 and 34.2% in 1Q 2020. 1Q 2022 Margin Impacted by Rising Raw Materials and Energy Costs Operating Profit of €1.5 Million, Compared to an Operating Profit of €3.3 Million in 1Q 2021, Which Benefitted From an Extraordinary One-Off €2.8 Million COVID-Related Public Support. 1Q 2022 Operating Profit of €1.5 Million Compares With an Operating Loss of €4.9 Million in 1Q 2020 Cash of €51.2 Million as of March 31, 2022, Compared to €5

Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company" and, together with its subsidiaries, the "Group") announced today the resignation of its Chief Financial Officer, Mr. Vittorio Notarpietro, to pursue other opportunities outside the Global Furniture Industry. The effective date of Mr. Notarpietro's resignation, which is still under determination, is expected to occur within the second half of January 2022. The Company has already commenced an active search for a new Chief Financial Officer and is committed to find a profile that can continue to support the Group's retail and brand transformation currently ongoing. The Company and Mr. Notarpietro have agreed that Mr. Notarpietro will co

Q1 2021 DELIVERED SALES +23.1%, ON ROBUST ORDER BACKLOG YTD POSITIVE MOMENTUM CONTINUES WITH FIRST 18 WEEKS WRITTEN ORDERS IMPROVING ON KEY BUSINESS DIMENSIONS (BRANDS, GEOGRAPHIES) VS BOTH 2020 AND THE PRE-PANDEMIC RESULTS OF 2019 GROSS PROFIT MARGINS EXPAND, OFFSETTING GROWING COST OF RAW MATERIALS OPERATING PROFIT IMPROVES TO HIGHEST LEVELS SINCE Q4 2016 PROFIT FOR THE PERIOD OF €5.9 MILLION INCLUDING €4.8 MILLION OF GAIN FROM THE DISPOSAL OF POLIURETHAN MANUFACTURING SUBSIDIARY AVAILABLE CASH INCREASED BY 83.5% TO €54.1 MILLION VS €29.5 MILLION AS OF MARCH 31, 2020 EPS TURNS POSITIVE (€0.11 PER SHARE) ON MAY 10TH 2021, THE BOARD OF DIRECTORS APPROVED A NEW GOVERNANCE S

─ Approved 2020 Stand-Alone Financial Statements ─ Appointed Members of the New Board of Directors NEW CEO ANTONIO ACHILLE APPOINTED TO WORK IN COOPERATION WITH FOUNDER AND CHAIRMAN Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company" and, together with its subsidiaries, the "Natuzzi Group") announced today that it held, on second call, its annual general shareholders' meeting on May 7, 2021 (the "Annual General Meeting"). At the Annual General Meeting, the shareholders approved the Company's stand-alone financial statements for the fiscal year ended December 31, 2020 and acknowledged the approval of the 2020 consolidated financial statements of the Natuzzi Group by the Company's Board