Natuzzi S P A 6-K, filed Jun 21, 2024

Natuzzi S P A (NTZ)

6-K 2024-06-21 For: 2024-06-21

Added on April 08, 2026

About this 6-K

Natuzzi S P A filed this 6-K on June 21, 2024.


For the month of JUNE 2024	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 first quarter of 2024 and 2023
on the basis of IFRS-IAS (expressed in millions Euro, except as otherwise indicated)

	First quarter ended on						Change			Percentage of revenue
	31-Mar-24			31-Mar-23			%			31-Mar-24			31-Mar-23
Revenue		84.5			86.1			-1.8	%		100.0	%		100.0	%
Cost of Sales		(53.3	)		(55.4	)		-3.9	%		-63.1	%		-64.4	%
Gross profit		31.2			30.6			1.9	%		36.9	%		35.6	%
Other income		1.2			1.3						1.4	%		1.5	%
Selling expenses		(23.2	)		(23.8	)		-2.4	%		-27.5	%		-27.7	%
Administrative expenses		(8.5	)		(8.9	)		-4.4	%		-10.0	%		-10.3	%
Impairment on trade receivables		0.0			(0.0	)					0.0	%		-0.1	%
Other expenses		(0.1	)		(0.1	)					-0.1	%		-0.1	%
Operating profit/(loss)		0.6			(0.9	)					0.7	%		-1.0	%
Finance income		0.2			0.1						0.2	%		0.1	%
Finance costs		(2.6	)		(2.1	)					-3.1	%		-2.4	%
Net exchange rate gains/(losses)		0.2			(1.4	)					0.3	%		-1.7	%
Net finance income/(costs)		(2.2	)		(3.4	)					-2.6	%		-4.0	%
Share of profit/(loss) of equity-method investees		(0.2	)		1.1						-0.2	%		1.3	%
Profit/(Loss) before tax		(1.8	)		(3.2	)					-2.1	%		-3.7	%
Income tax expense/(benefit)		(0.0	)		(0.1	)					-0.1	%		-0.2	%
Profit/(Loss) for the period		(1.8	)		(3.3	)					-2.1	%		-3.9	%
Profit/(Loss) attributable to:
Owners of the Company		(1.7	)		(3.3	)
Non-controlling interests		(0.1	)		(0.1	)


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

	31-Mar-24		31-Dec-23

ASSETS
Non-current assets		186.3		188.6
Current assets		152.6		149.7
TOTAL ASSETS		338.9		338.3

EQUITY AND LIABILITIES
Equity attributable to Owners of the Company		67.5		68.9
Non-controlling interests		4.4		4.3
Non-current liabilities		111.8		110.4
Current liabilities		155.2		154.7
TOTAL EQUITY AND LIABILITIES		338.9		338.3


Natuzzi S.p.A. and Subsidiaries
Unaudited consolidated statements of cash flows (condensed)
(Expressed in millions of Euro)	31-Mar-24			31-Dec-23

Net cash provided by (used in) operating activities		(5.2	)		3.2

Net cash provided by (used in) investing activities		(1.5	)		(7.9	)

Net cash provided by (used in) financing activities		1.3			(15.7	)

Increase (decrease) in cash and cash equivalents		(5.4	)		(20.4	)

Cash and cash equivalents, beginning of the year		31.6			52.7

Effect of movements in exchange rates on cash held		0.3			(0.8	)

Cash and cash equivalents, end of the period		26.4			31.6

For the purpose of the statements of cash flow, cash and cash equivalents comprise the following:
(Expressed in millions of Euro)	31-Mar-24			31-Dec-23
Cash and cash equivalents in the statement of financial position		29.7			33.6
Bank overdrafts repayable on demand		(3.3	)		(2.0	)
Cash and cash equivalents in the statement of cash flows		26.4			31.6