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Natuzzi S.p.a. (NTZ)
NYSE:NTZ
Earnings Data
Report Date
Apr 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 30, 2018
|% Change Since: -1.26%
|Next Earnings Date:Sep 21, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements in branded business growth, efficiency improvements, and retail expansion, but also faced challenges with operating losses, increased financial costs, and a decline in cash position. The strategic move to establish a new division shows potential for future growth.Company Guidance
During the third quarter of 2024, Natuzzi reported sales of EUR 243.9 million, consistent with the previous year, despite industry-wide challenges. Branded business sales increased by 6.3% compared to 2023 and 20.8% since 2019. The gross margin for the first nine months remained steady at 35.8%, similar to 2023, but improved significantly from the 29% margin reported in 2019. The company incurred EUR 4.8 million in one-off severance restructuring costs, impacting the cost of sales and administrative expenses. Excluding these costs, the operating loss would have turned into a profit of EUR 1.2 million for the first nine months. Natuzzi also experienced a reduction in workforce by 26% since 2021, improving operational efficiency. The financial costs increased to EUR 7.4 million due to higher interest rates. Investment activities included EUR 5.4 million primarily for factory upgrades and the opening of a new store in Denver. The cash position decreased to EUR 17.1 million by the end of September, with EUR 6 million used for workforce reductions. The company is taking strategic steps to divest nonstrategic assets, including land in Romania valued between EUR 2.9 million and EUR 3.1 million, and continues to focus on improving retail performance and brand representation.Branded Business Growth
The branded business grew by 6.3% versus 2023 and 20.8% from 2019, confirming the direction to become a Brand/Retail company.
Improved Operating Loss
Excluding the EUR 4.8 million one-off severance, an operating profit of EUR 1.2 million was achieved, compared to an operating loss of EUR 0.7 million in 2023 and EUR 16.1 million in 2019.
Efficiency Improvement in China
Moving production from Shanghai to Quanjiao resulted in a 30% efficiency improvement, expected to materialize during 2025.
New Division for Contract and Trade
A new division has been established with the aim to achieve a significant contribution to revenue and be margin accretive.
Retail Expansion
Five new Natuzzi Italia stores were opened in the U.S., including a new store in Denver.
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NTZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NTZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 12, 2024 | $4.75 | $4.25 | -10.53% |
| Oct 22, 2024 | $4.19 | $4.29 | +2.39% |
| Jun 21, 2024 | $5.00 | $5.06 | +1.20% |
| Apr 05, 2024 | $6.30 | $6.25 | -0.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Natuzzi S.p.a. (NTZ) report earnings?
Natuzzi S.p.a. (NTZ) is schdueled to report earning on Apr 04, 2025, TBA Not Confirmed.
What is Natuzzi S.p.a. (NTZ) earnings time?
Natuzzi S.p.a. (NTZ) earnings time is at Apr 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NTZ EPS forecast?
Currently, no data Available
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