Natuzzi S P A 6-K, filed Sep 30, 2022

Natuzzi S P A (NTZ)

6-K 2022-09-30 For: 2022-09-30

Added on April 08, 2026

About this 6-K

Natuzzi S P A filed this 6-K on September 30, 2022.

For the month of SEPTEMBER 2022	Commission File Number 1-11854
NATUZZI S.p.A.
(Translation of registrant’s name into English)
Via Iazzitiello 47 70029 Santeramo, Italy
(Address of principal office)

Natuzzi S.p.A. and Subsidiaries Unaudited consolidated statement of profit or loss for the second quarter of 2022 and 2021 on the basis of IFRS-IAS (expressed in millions Euro, except as otherwise indicated)
	Second quarter ended on		Change	Percentage of revenue
	30-Jun-22	30-Jun-21	%	30-Jun-22	30-Jun-21
Revenue	116.9	108.4	7.8%	100.0%	100.0%
Cost of Sales	(80.2)	(69.3)	15.8%	-68.6%	-63.9%
Gross profit	36.7	39.2	-6.4%	31.4%	36.1%
Other income	1.8	1.7		1.5%	1.5%
Selling expenses	(28.7)	(31.1)	-7.7%	-24.5%	-28.7%
Administrative expenses	(8.6)	(8.2)	4.6%	-7.3%	-7.6%
Impairment on trade receivables	(0.1)	─		-0.1%	0.0%
Other expenses	(0.0)	(0.1)		0.0%	-0.1%
Operating profit/(loss)	1.1	1.5		0.9%	1.4%
Finance income	0.0	0.0		0.0%	0.0%
Finance costs	(2.0)	(1.7)		-1.7%	-1.6%
Net exchange rate gains/(losses)	0.6	0.2		0.5%	0.1%
Gain from disposal and loss of control of a subsidiary	─	─		0.0%	0.0%
Net finance income/(costs)	(1.4)	(1.5)		-1.2%	-1.4%
Share of profit/(loss) of equity-method investees	(0.2)	0.9		-0.2%	0.8%
Profit/(Loss) before tax	(0.5)	0.8		-0.4%	0.8%
Income tax expense	(0.1)	(0.9)		-0.1%	-0.8%
Profit/(Loss) for the period	(0.6)	(0.1)		-0.5%	-0.1%
Profit/(Loss) attributable to:
Owners of the Company	(1.0)	0.2
Non-controlling interests	0.4	(0.2)

Profit/(loss) per Ordinary Share	(0.02)	0.00

Natuzzi S.p.A. and Subsidiaries Unaudited consolidated statement of profit or loss for the six months of 2022 and 2021 on the basis of IFRS-IAS (expressed in millions Euro, except as otherwise indicated)
	Six months ended on		Change	Percentage of revenue
	30-Jun-22	30-Jun-21	%	30-Jun-22	30-Jun-21
Revenue	235.4	209.9	12.1%	100.0%	100.0%
Cost of Sales	(158.1)	(134.0)	18.0%	-67.2%	-63.8%
Gross profit	77.3	76.0	1.8%	32.8%	36.2%
Other income	2.8	3.0		1.2%	1.4%
Selling expenses	(60.2)	(58.9)	2.3%	-25.6%	-28.0%
Administrative expenses	(16.9)	(15.3)	10.6%	-7.2%	-7.3%
Impairment on trade receivables	(0.4)	─		-0.2%	0.0%
Other expenses	(0.1)	(0.1)		0.0%	0.0%
Operating profit/(loss)	2.5	4.8		1.1%	2.3%
Finance income	0.0	0.0		0.0%	0.0%
Finance costs	(3.7)	(3.3)		-1.6%	-1.6%
Net exchange rate gains/(losses)	1.7	(0.6)		0.7%	-0.3%
Gain from disposal and loss of control of a subsidiary	─	4.8		0.0%	2.3%
Net finance income/(costs)	(2.0)	0.8		-0.9%	0.4%
Share of profit/(loss) of equity-method investees	0.8	2.0		0.3%	0.9%
Profit/(Loss) before tax	1.3	7.6		0.6%	3.6%
Income tax expense	(0.6)	(1.7)		-0.3%	-0.8%
Profit/(Loss) for the period	0.7	5.9		0.3%	2.8%
Profit/(Loss) attributable to:
Owners of the Company	(0.0)	5.8
Non-controlling interests	0.7	0.1

Profit/(loss) per Ordinary Share	(0.00)	0.11

Natuzzi S.p.A. and Subsidiaries
Unaudited consolidated statements of financial position (condensed) on the basis of IFRS-IAS (Expressed in millions of Euro)

	30-Jun-22	31-Dec-21

ASSETS
Non-current assets	182.9	189.6
Current assets	215.2	200.4
TOTAL ASSETS	398.1	390.0

EQUITY AND LIABILITIES
Equity attributable to Owners of the Company	90.4	82.3
Non-controlling interests	4.2	1.5
Non-current liabilities	100.6	107.5
Current liabilities	202.9	198.7
TOTAL EQUITY AND LIABILITIES	398.1	390.0

Natuzzi S.p.A. and Subsidiaries Unaudited consolidated statements of cash flows (condensed)
(Expressed in millions of Euro)	30-Jun-22	31-Dec-21


Net cash provided by (used in) operating activities	10.2	0.5

Net cash provided by (used in) investing activities	(3.6)	7.0

Net cash provided by (used in) financing activities	(1.9)	(2.0)

Increase (decrease) in cash and cash equivalents	4.7	5.5

Cash and cash equivalents, beginning of the year	52.2	46.1

Effect of movements in exchange rates on cash held	1.7	0.6

Cash and cash equivalents, end of the period	58.6	52.2


For the purpose of the statements of cash flow, cash and cash equivalents comprise the following:
(Expressed in millions of Euro)	30-Jun-22	31-Dec-21
Cash and cash equivalents in the statement of financial position	59.8	53.5
Bank overdrafts repayable on demand	(1.2)	(1.2)
Cash and cash equivalents in the statement of cash flows	58.6	52.2