The Natuzzi ( NYSE:NTZ) Annual General Shareholders’ meeting, held today
in Santeramo in Colle, has approved the Parent Company Financial
Statements as at December 31, 2009 and has taken note of the
Consolidated Financial Statements 2009.
As previously announced the Natuzzi Group reported for the entire year
2009 Total Net Sales of € 515.4 million down by 22,6% versus last year,
and a Net Group loss of €17.7 million, a significant improvement of
71,4% versus last year.
The General Meeting has, moreover, appointed the Board of Statutory
Auditors in the names of Carlo Gatto, Gianvito Giannelli and Cataldo
Sferra, respectively as Chairman and effective statutory auditors for
the next 3 years 2010-2012.
The General Meeting, lastly, has appointed Reconta Ernst & Young S.p.A.,
as External Auditors for the next 3 years 2010-2012.
About Natuzzi
Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. designs and
manufactures a broad collection of residential upholstered furniture.
With consolidated revenues of EUR 515.4 million in 2009, Natuzzi is
Italy's largest furniture manufacturer. Natuzzi Group exports its
innovative high-quality sofas and armchairs to 130 markets on five
continents under two brands, Natuzzi and Italsofa. Cutting-edge design,
superior Italian craftsmanship and advanced, vertically integrated
manufacturing operations underpin the Company's market leadership.
Natuzzi S.p.A. has been listed on the New York Stock Exchange since May
1993. The Company is ISO 9001 and 14001 certified.
