Natuzzi SPA (NTZ) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Natuzzi S.p.A. reports a stable first quarter in 2024 with overall invoiced sales of €84.5 million, and a significant 13.6% increase in sales from directly operated stores, signaling a strong focus on direct retail, particularly in North America. Gross margin improved to 36.9%, and the company achieved an operating profit of €0.6 million, overcoming previous losses. The company is also investing in restructuring and upgrading its IT systems and factories to bolster competitiveness and margins amid challenging market conditions.
For further insights into NTZ stock, check out TipRanks’ Stock Analysis page.
