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Industrie Natuzzi zu myNews hinzufügen Was ist das?
The Board of Directors of Natuzzi S.p.A. (NYSE:NTZ), Italy’s largest furniture manufacturer and world’s leading manufacturer of leather-upholstered furniture, today announced its financial results for the fourth quarter and full year of 2010.
FULL YEAR 2010
FOURTH QUARTER 2010
FULL YEAR 2010 CONSOLIDATED RESULTS
During 2010 Total Net Sales (including raw materials and semi-finished products sold to third parties) were €518.6 million, increasing by 0,6% with respect to 2009.
Upholstery net sales were at €460.5, up by 2.2% as compared to full year 2009.
The break-down of upholstery net sales by geographic area was as follows: Europe (excluding Italy) 40.5%, the Americas 35.7%, Italy 11.2% and Rest of the World 12.6%.
The best commercial performances were reported in the Rest of the World area with an increase of 23.8% over 2009 (in particular, Australia up by 25.1% and China up by 51.9%), and in the Americas where we recorded a 17.5% increase. In Europe, even if we recorded an overall negative performance of minus 11.4%, we point out the positive performance of 13.5% from Great Britain.
Industrial Margin improved in 2010 reaching a 38.0% on sales versus a 36.0% in full year 2009, thanks to important industrial rationalization activities started in 2009.
The incidence of Selling Expenses on sales passed from 29.0% in full year 2009 to 29.8% in full year 2010 due to a remarkable increase of shipping costs and commissions, partially balanced by a reduction both in advertising costs, commercial labour costs and other commercial costs.
The incidence of General & Administrative Expenses on sales, on the contrary, improved in 2010, passing from 9.0% in 2009 to 8.2% in full year 2010, thanks to the rationalisation and reorganisation actions carried out by the Group, that allowed a total saving of €4.1 million.
EBITDA improved from positive €16.2 million in 2009 to positive €23.8 million for the full year 2010.
The full year 2010 EBIT highlighted a return to a positive margin of €0.4 million vs. a negative EBIT of €10.6 million for the full year 2009.
The full year 2010 Net Group Result recorded, despite the greater incidence of extraordinary costs and a lower contribution from forex, a loss of €11.1 million improving from the €17.7 million loss reported for the full year 2009.
FOURTH QUARTER 2010 CONSOLIDATED RESULTS
Total Net Sales (including raw materials and semi-finished products sold to third parties) were at €132.0 million.
Upholstery net sales were at €115.8 million, down by 13.5% from €133.9 million reported in the same period of 2009.
The break-down of upholstery net sales by geographic area was as follows: Europe (excluding Italy) 43.3%, the Americas 31.8%, Italy 11.3% and Rest of the World 13.6%.
Industrial Margin was at €51,3 million, with an incidence on sales equal to 38,9% (in line with the 39.0% reported in the last quarter of 2009).
EBITDA was at €5,4 million as compared to €8,1 million in the fourth quarter of 2009.
EBIT went from positive €2,1 million in fourth quarter 2009 to positive €0,2 million in the fourth quarter of 2010.
During the fourth quarter of 2010 the Group reported a Net loss of €1,4 million as compared to a net loss of €2,5 million in the same period of last year.
CONSOLIDATE BALANCE SHEET
Net Financial Position as of December 31st, 2010 remained positive at €45.6 million although the reduction of €13.0 million versus December 31st, 2009, mainly due to industrial investments in fixed assets of €17.7 million.
Pasquale Natuzzi, Chairman and CEO of Natuzzi S.p.A., stated: ”Despite steady total sales in 2010, we finally reached a positive operating result after three years of negative EBIT.
Financial figures are encouraging and confirm the good quality of the work so far undertaken. We believe these results are below our growth potential, that we expect to reach in the following years considering the investments made in factories requalification, development and awareness of the brands, as well as in the expansion of foreign commercial branches to improve our market presence.
Our Group maintains and strengthens its credibility and leadership within historical markets such as Europe and the United States, as well as in emerging markets such as India, China and Brazil.
The re-launch of a company with strong Italian roots like Natuzzi, goes along with product innovation as well as production processes improvement.
We have done a good job on brands portfolio and made investments to give a particular identity to the three brands, "Natuzzi”, "Italsofa” and "Editons”; each of them addressing different clients.
We are working to integrate brands , markets, distribution channels and factories to support the three brands. We have to further strengthen the Sales organization to increase the presence in the markets and will continue to leverage on our high-quality brand by relying on our management skills and experience”.
The Company will host a conference call on March 30th, 2010 at 10:00 a.m. Eastern Time to discuss fourth quarter and full year 2010 financial results. To participate, dial toll-free 1-877-879-6201 and dial international 1-719-325-4858. A live web cast of the conference call will be available online at http://www.natuzzi.com/ under the Investor Relations section.
A replay of the call will be available shortly after the completion of the conference call through April 30th 2011. To access the telephone replay, participants should dial 1-877-870-5176 for domestic calls and 1-858-384-5517 for international calls. The access code for the replay is: 1136006.
Natuzzi S.p.A.
Il Gruppo Natuzzi, fondato nel 1959 da Pasquale Natuzzi, disegna, produce e vende una vasta collezione di poltrone, divani e complementi d’arredo. Con un fatturato nel 2010 di 518.6 milioni di euro, Natuzzi è il più grande produttore italiano nel settore dell’arredamento ed è leader mondiale nel settore dei divani in pelle. Il Gruppo esporta divani e poltrone innovativi e di elevata qualità in 130 mercati nei 5 continenti. Design, superiorità artigianale italiana, innovazione ed un’avanzata struttura verticalmente integrata rappresentano le caratteristiche che hanno fatto del Gruppo Natuzzi il leader di mercato. Natuzzi S.p.A. è quotata al New York Stock Exchange dal 13 Maggio 1993. Il Gruppo Natuzzi è certificato ISO 9001 e 14001.
| Natuzzi S.p.A. and Subsidiaries | ||||||||||
| Unaudited Consolidated Profit & Loss for the quarter ended on December 31, 2010 on the basis of Italian GAAP | ||||||||||
| (expressed in millions Euro except for share data) | ||||||||||
| Three months ended on | Change | Percent of Sales | ||||||||
| 31-déc-10 | 31-déc-09 | % | 31-déc-10 | 30-déc-09 | ||||||
| Upholstery net sales | 115.8 | 133.9 | -13.5% | 87.7% | 88.0% | |||||
| Other sales | 16.2 | 18.3 | -11.5% | 12.3% | 12.0% | |||||
| Total Net Sales | 132.0 | 152.2 | -13.3% | 100.0% | 100.0% | |||||
| Consumption (*) | (53.2) | (61.4) | -13.4% | -40.3% | -40.3% | |||||
| Labor | (18.9) | (20.8) | -9.1% | -14.3% | -13.7% | |||||
| Industrial Costs (**) | (8.6) | (10.7) | -19.6% | -6.5% | -7.0% | |||||
| of which Depreciation, Amortization | (2.6) | (3.4) | ||||||||
| Cost of Sales | (80.7) | (92.9) | -13.1% | -61.1% | -61.0% | |||||
| Industrial Margin | 51.3 | 59.3 | -13.5% | 38.9% | 39.0% | |||||
| Selling Expenses | (40.0) | (44.7) | -10.5% | 30.3% | 29.4% | |||||
| of which Transportation | (13.3) | (13.8) | 10.1% | 9.1% | ||||||
| of which Advertising | (9.6) | (12.2) | 7.3% | 8.0% | ||||||
| of which Depreciation, Amortization | (1.6) | (1.5) | ||||||||
| G&A Expenses | (11.1) | (12.5) | -11.2% | 8.4% | 8.2% | |||||
| of which Depreciation, Amortization | (1.0) | (1.1) | ||||||||
| EBITDA | 5.4 | 8.1 | -33.3% | 4.1% | 5.3% | |||||
| EBIT | 0.2 | 2.1 | -90.5% | 0.2% | 1.4% | |||||
| Interest Income/(Costs), Net | (0.1) | (0.3) | ||||||||
| Foreign Exchange, Net | 0.6 | 1.2 | ||||||||
| Other Income/(Cost), Net | (1.3) | (2.1) | ||||||||
| Earning before Income Taxes | (0.6) | 0.9 | -0.4% | 0.6% | ||||||
| Current taxes | (0.8) | (3.3) | -0.6% | -2.2% | ||||||
| Net result | (1.4) | (2.4) | -42.5% | -1.0% | -1.6% | |||||
| Minority interest | (0.0) | (0.1) | ||||||||
| Net Group Result | (1.4) | (2.5) | 43.5% | -1.1% | -1.6% | |||||
| Net Group Result per Share | (0.03) | (0.05) | ||||||||
| Key Figures in U.S. dollars | Three months ended on | Change | Percent of Sales | |||||||
| (millions) | 31-déc-10 | 31-déc-09 | % | 31-déc-10 | 30-déc-09 | |||||
| Total Net Sales | 179.2 | 206.7 | -13.3% | 100.0% | 100.0% | |||||
| Gross Profit | 69.7 | 80.5 | -13.5% | 38.9% | 39.0% | |||||
| Operating Income (Loss) | 0.3 | 2.9 | -90.5% | 0.2% | 1.4% | |||||
| Net Group Result | (1.9) | (3.4) | 43.5% | -1.1% | -1.6% | |||||
| Net Group Result per Share | (0.0) | (0.1) | ||||||||
| Average exchange rate (U.S.$ per €) | 1.3579 | |||||||||
| (*) Purchases plus beginning stock minus final stock | ||||||||||
| (**) Including Third-party manufacturers | ||||||||||
| UPHOLSTERY NET SALES BREAKDOWN | ||||||||||||||||||||||||||||
| Geographic breakdown | ||||||||||||||||||||||||||||
| Net sales million euro | Net sales seats | |||||||||||||||||||||||||||
| three months ended on | three months ended on | |||||||||||||||||||||||||||
| 31 December 2010 | 31 December 2009 | Change % | 31 December 2010 | 31 December 2009 | Change % | |||||||||||||||||||||||
| Americas | 36.8 | 31.8% | 43.8 | 32.7% | -16.0% | 207,270 | 41.6% | 245,578 | 43.3% | -15.6% | ||||||||||||||||||
| Natuzzi | 3.5 | 2.5% | 3.6 | 2.7% | -2.8% | 9,378 | 1.9% | 6,951 | 1.2% | 34.9% | ||||||||||||||||||
| All brands (*) | 33.3 | 28.8% | 40.2 | 30.0% | -17.2% | 197,892 | 39.7% | 238,627 | 42.1% | -17.1% | ||||||||||||||||||
| Europe | 50.1 | 43.3% | 61.0 | 45.6% | -17.9% | 186,996 | 37.5% | 216,769 | 38.2% | -13.7% | ||||||||||||||||||
| Natuzzi | 24.7 | 21.3% | 29.9 | 22.3% | -17.4% | 57,785 | 11.6% | 62,210 | 11.0% | -7.1% | ||||||||||||||||||
| All brands (*) | 25.4 | 21.9% | 31.1 | 23.2% | -18.3% | 129,211 | 154,559 | 27.3% | -16.4% | |||||||||||||||||||
| Italy (Natuzzi) | 13.2 | 11.3% | 15.3 | 11.4% | -13.7% | 44,441 | 8.9% | 47,421 | 8.4% | -6.3% | ||||||||||||||||||
| Rest of the world | 15.7 | 13.6% | 13.8 | 10.3% | 13.8% | 59,972 | 12.0% | 57,090 | 10.1% | 5.0% | ||||||||||||||||||
| Natuzzi | 8.3 | 7.2% | 8.1 | 6.0% | 2.5% | 19,359 | 3.9% | 20,132 | 8.4% | -3.8% | ||||||||||||||||||
| All brands (*) | 7.4 | 6.4% | 5.7 | 4.3% | 29.8% | 40,613 | 8.1% | 36,959 | 6.5% | 9.9% | ||||||||||||||||||
| Total | 115.8 | 100.0% | 133.9 | 100.0% | -13.5% | 498,679 | 100.0% | 566,858 | 100.0% | -12.0% | ||||||||||||||||||
| Brands breakdown | ||||||||||||||||||||||||||||
| Net sales million euro | Net sales seats | |||||||||||||||||||||||||||
| three months ended on | three months ended on | |||||||||||||||||||||||||||
| 31 December 2010 | 31 December 2009 | Change % | 31 December 2010 | 31 December 2009 | Change % | |||||||||||||||||||||||
| Natuzzi | 49.7 | 42.9% | 56.9 | 42.5% | -12.7% | 130,963 | 26.3% | 136,713 | 24.1% | -4.2% | ||||||||||||||||||
| All brands (*) | 66.1 | 57.1% | 77.0 | 57.5% | -14.2% | 367,716 | 73.7% | 430,144 | 75.9% | -14.5% | ||||||||||||||||||
| Total | 115.8 | 100.0% | 133.9 | 100.0% | -13.5% | 498,679 | 100.0% | 566,858 | 100.0% | -12.0% | ||||||||||||||||||
| (*) Italsofa, Natuzzi Editions, Editions and unbranded | ||||||||||||||||||||||||||||
| Natuzzi S.p.A. and Subsidiaries | ||||||||||
| Unaudited Consolidated Profit & Loss for the quarter ended on December 31, 2010 on the basis of Italian GAAP | ||||||||||
| (expressed in millions Euro except for share data) | ||||||||||
| Twelve months ended on | Change | Percent of Sales | ||||||||
| 31-déc-10 | 31-déc-09 | % | 31-déc-10 | 31-déc-09 | ||||||
| Upholstery net sales | 460.5 | 450.6 | 2.2% | 88.8% | 87.4% | |||||
| Other sales | 58.1 | 64.8 | -10.3% | 11.2% | 12.6% | |||||
| Total Net Sales | 518.6 | 515.4 | 0.6% | 100.0% | 100.0% | |||||
| Consumption (*) | (213.6) | (212.5) | 0.5% | -41.2% | -41.2% | |||||
| Labor | (75.8) | (78.5) | -3.4% | -14.6% | -15.2% | |||||
| Industrial Costs (**) | (32.1) | (38.8) | 17.3% | -6.2% | -7.5% | |||||
| of which Depreciation, Amortization | (11.5) | (14.5) | ||||||||
| Cost of Sales | (321.5) | (329.8) | -2.5% | -62.0% | -64.0% | |||||
| Industrial Margin | 197.1 | 185.6 | 6.2% | 38.0% | 36.0% | |||||
| Selling Expenses | (154.3) | (149.6) | 3.1% | 29.8% | 29.0% | |||||
| of which Transportation | (50.7) | (42.5) | 9.8% | 8.2% | ||||||
| of which Advertising | (28.1) | (31.9) | 5.4% | 6.2% | ||||||
| of which Depreciation, Amortization | (7.6) | (7.9) | ||||||||
| G&A Expenses | (42.4) | (46.6) | -9.0% | 8.2% | 9.0% | |||||
| of which Depreciation, Amortization | (4.3) | (4.4) | ||||||||
| EBITDA | 23.8 | 16.2 | 46.9% | 4.6% | 3.1% | |||||
| Operating Income/(Loss) (EBIT) | 0.4 | (10.6) | 103.8% | 0.1% | -2.1% | |||||
| Interest Income/(Costs), Net | (1.0) | (1.1) | ||||||||
| Foreign Exchange, Net | 1.1 | 6.9 | ||||||||
| Other Income/(Cost), Net | (4.5) | (2.6) | ||||||||
| Earning before Income Taxes | (4.0) | (7.4) | 45.9% | -0.8% | -1.4% | |||||
| Current taxes | (7.0) | (9.9) | -1.3% | -1.9% | ||||||
| Net result | (11.0) | (17.3) | 36.4% | -2.1% | -3.4% | |||||
| Minority interest | 0.1 | 0.4 | ||||||||
| Net Group Result | (11.1) | (17.7) | 37.3% | -2.1% | -3.4% | |||||
| Net Group Result per Share | (0.20) | (0.32) | ||||||||
| Key Figures in U.S. dollars | Twelve months ended on | Change | Percent of Sales | |||||||
| (millions) | 31-déc-10 | 31-déc-09 | % | 31-déc-10 | 31-déc-09 | |||||
| Total Net Sales | 688.1 | 683.8 | 0.6% | 100.0% | 100.0% | |||||
| Gross Profit | 261.5 | 246.3 | 6.2% | 38.0% | 36.0% | |||||
| Operating Income (Loss) | 0.5 | (14.1) | 103.8% | 0.1% | -2.1% | |||||
| Net Group Result | (14.7) | (23.5) | 37.3% | -2.1% | -3.4% | |||||
| Net Group Result per Share | (0.3) | (0.4) | ||||||||
| Average exchange rate (U.S.$ per €) | 1.3268 | |||||||||
| (*) Purchases plus beginning stock minus final stock | ||||||||||
| (**) Including Third-party manufacturers | ||||||||||
| UPHOLSTERY NET SALES BREAKDOWN | ||||||||||||||||||||||||||||||
| Geographic breakdown | ||||||||||||||||||||||||||||||
| Net sales million euro | Net sales seats | |||||||||||||||||||||||||||||
| Twelve months ended on | Twelve months ended on | |||||||||||||||||||||||||||||
| 31 December 2010 | 31 December 2009 | Change % | 31 December 2010 | 31 December 2009 | Change % | |||||||||||||||||||||||||
| Americas | 164.2 | 35.7% | 139.8 | 31.0% | 17.5% | 886,471 | 45.4% | 785,156 | 40.8% | 12.9% | ||||||||||||||||||||
| Natuzzi | 15.5 | 3.4% | 15.3 | 3.4% | 1.3% | 40,112 | 2.1% | 43,520 | 2.3% | -7.8% | ||||||||||||||||||||
| All brands (*) | 148.7 | 32.3% | 124.5 | 27.6% | 19.4% | 846,359 | 43.3% | 741,636 | 38.6% | 14.1% | ||||||||||||||||||||
| Europe | 186.4 | 40.5% | 210.3 | 47.2% | -11.4% | 685,124 | 35.1% | 776,057 | 40.4% | -11.7% | ||||||||||||||||||||
| Natuzzi | 93.3 | 20.3% | 106.5 | 23.6% | -12.4% | 208,298 | 10.7% | 247,831 | 12.9% | -16.0% | ||||||||||||||||||||
| All brands (*) | 93.1 | 20.2% | 103.8 | 23.0% | -10.3% | 476,826 | 24.4% | 528,227 | 27.5% | -9.7% | ||||||||||||||||||||
| Italy (Natuzzi) | 51.7 | 11.2% | 53.5 | 11.9% | -3.4% | 162,328 | 8.3% | 167,046 | 8.7% | -2.8% | ||||||||||||||||||||
| Rest of the world | 58.2 | 12.6% | 47.0 | 10.4% | 23.8% | 220,670 | 11.3% | 194,961 | 10.1% | 13.2% | ||||||||||||||||||||
| Natuzzi | 31.6 | 6.9% | 27.8 | 6.2% | 13.7% | 73,050 | 3.7% | 70,855 | 3.7% | 3.1% | ||||||||||||||||||||
| All brands (*) | 26.6 | 5.8% | 19.2 | 4.3% | 38.5% | 147,620 | 7.6% | 124,106 | 6.5% | 18.9% | ||||||||||||||||||||
| Total | 460.5 | 100.0% | 450.6 | 100.5% | 2.2% | 1,954,592 | 100.0% | 1,923,220 | 100.0% | 1.6% | ||||||||||||||||||||
| Brands breakdown | ||||||||||||||||||||||||||||||
| Net sales million euro | Net sales seats | |||||||||||||||||||||||||||||
| Nine months ended on | Nine months ended on | |||||||||||||||||||||||||||||
| 31 December 2010 | 31 December 2009 | Change % | 31 December 2010 | 31 December 2009 | Change % | |||||||||||||||||||||||||
| Natuzzi | 192.1 | 41.7% | 203.1 | 45.1% | -5.4% | 483,788 | 24.8% | 529,251 | 27.5% | -8.6% | ||||||||||||||||||||
| All brands (*) | 268.4 | 58.3% | 247.5 | 54.9% | 8.4% | 1,470,805 | 75.2% | 1,393,969 | 72.5% | 5.5% | ||||||||||||||||||||
| Total | 460.5 | 100.0% | 450.6 | 100.0% | 2.2% | 1,954,592 | 100.0% | 1,923,220 | 100.0% | 1.6% | ||||||||||||||||||||
| (*) Italsofa, Natuzzi Editions, Editions and unbranded | ||||||||||||||||||||||||||||||
| Natuzzi S.p.A. and Subsidiaries | ||||
| Unaudited Consolidated Balance Sheets as at December 31, 2010 on the basis of Italian GAAP | ||||
| (Expressed in millions of euro) | ||||
| ASSETS | 31-déc-10 | 31 Dec 09 | ||
| Current assets: | ||||
| Cash and cash equivalents | 61.1 | 66.3 | ||
| Marketable debt securities | 0.0 | 0.0 | ||
| Trade receivables, net | 95.8 | 97.1 | ||
| Other receivables | 51.7 | 54.5 | ||
| Inventories | 87.4 | 81.6 | ||
| Unrealized foreign exchange gains | 0.2 | 0.3 | ||
| Prepaid expenses and accrued income | 1.3 | 1.4 | ||
| Deferred income taxes | 1.1 | 0.7 | ||
| Total current assets | 298.6 | 301.9 | ||
| Non current assets: | ||||
| Net property, plant and equipment | 196 | 193.9 | ||
| Other assets | 9.3 | 12.8 | ||
| Total non current assets | 205.3 | 206.7 | ||
| TOTAL ASSETS | 503.9 | 508.6 | ||
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
| Current liabilities: | ||||
| Short-term borrowings | 0.1 | 0.8 | ||
| Current portion of long-term debt | 2.6 | 1.1 | ||
| Accounts payable-trade | 64.3 | 66.5 | ||
| Accounts payable-other | 27.9 | 29.3 | ||
| Unrealized foreign exchange losses | 1.1 | 0.4 | ||
| Accounts payable-shareholders for dividends | 0.0 | 0.0 | ||
| Income taxes | 2.9 | 3.7 | ||
| Salaries, wages and related liabilities | 9.9 | 15.0 | ||
| Total current liabilities | 108.8 | 116.8 | ||
| Long-term liabilities: | ||||
| Employees' leaving entitlement | 28.4 | 29.6 | ||
| Long-term debt | 12.8 | 5.9 | ||
| Deferred income for capital grants | 10.4 | 11.2 | ||
| Other liabilities | 18.2 | 18.2 | ||
| Total long-term liabilities | 69.8 | 64.9 | ||
| Minority interest | 2.1 | 1.9 | ||
| Shareholders' equity: | ||||
| Share capital | 54.9 | 54.9 | ||
| Reserves | 12.0 | 12.0 | ||
| Additional paid-in capital | 9.3 | 9.3 | ||
| Retained earnings | 247.0 | 248.8 | ||
| Total shareholders' equity | 323.2 | 325.0 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 503.9 | 508.6 | ||
| Natuzzi S.p.A. and Subsidiaries | ||||
| Consolidated Statements of Cash Flows | ||||
| (Expressed in million of euro) | ||||
| 31 Dec 10 | 31 Dec 09 | |||
| Cash flows from operating activities: | ||||
| Net earnings (loss) | (11.1) | (17.7) | ||
| Adjustments to reconcile net income to net cash | ||||
| provided by operating activities: | ||||
| Depreciation and amortization | 23.4 | 26.8 | ||
| Employees' leaving entitlement | (1.2) | (2.1) | ||
| Deferred income taxes | (0.4) | 3.7 | ||
| Minority interest | 0.1 | 0.4 | ||
| (Gain) loss on disposal of assets | 0.6 | (0.1) | ||
| Unrealized foreign exchange losses and gains | 0.8 | (4.4) | ||
| Impairment of long lived assets | (0.7) | - | ||
| Deferred income for capital grants | (1.0) | |||
| Non monetary operating costs | 22.6 | 23.3 | ||
| Change in assets and liabilities: | ||||
| Receivables, net | 1.2 | 25.7 | ||
| Inventories | (5.8) | 10.5 | ||
| Prepaid expenses and accrued income | 0.1 | (0.2) | ||
| Other assets | 2.8 | (8.3) | ||
| Accounts payable | (2.2) | (2.1) | ||
| Income taxes | (0.7) | 1.9 | ||
| Salaries, wages and related liabilities | (5.1) | (1.8) | ||
| Other liabilities | (0.2) | 2.6 | ||
| Net working capital | (9.9) | 28.3 | ||
| Net cash provided by operating activities | 1.6 | 33.9 | ||
| Cash flows from investing activities: | ||||
| Property, plant and equipment: | ||||
| Additions | (17.9) | (9.2) | ||
| Disposals | 0.2 | 0.2 | ||
| Marketable debt securities: | - | - | ||
| Net cash used in investing activities | (17.7) | (9.0) | ||
| Cash flows from financing activities: | ||||
| Long-term debt: | ||||
| Proceeds | 9.8 | 3.9 | ||
| Repayments | (1.3) | (0.7) | ||
| Short-term borrowings | (0.7) | (8.9) | ||
| Capital injection | - | - | ||
| Dividends paid to minority interests | - | - | ||
| Net cash used in financing activities | 7.8 | (5.7) | ||
| Effect of translation adjustments on cash | 3.1 | (0.2) | ||
| Increase (decrease) in cash and cash equivalents | (5.2) | 19.0 | ||
| Cash and cash equivalents, beginning of the year | 66.3 | 47.3 | ||
| Cash and cash equivalents, end of the year | 61.1 | 66.3 | ||
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28.05.12 | Natuzzi S.p.A. Announces First Quarter 2012 Consolidated Results (Businesswire) |
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30.03.12 | Natuzzi S.p.A. Announces 2011 Consolidated Results (Businesswire) |
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28.05.12 | Natuzzi S.p.A. Announces First Quarter 2012 Consolidated Results (Businesswire) |
10.05.12 | Natuzzi Announces First Quarter 2012 Earnings Conference Call (Businesswire) |
01.05.12 | Natuzzi S.p.A. Files Form 20-F for FY 2010 with SEC (Businesswire) |
30.04.12 | General Shareholders? Meeting of Natuzzi S.p.A. (Businesswire) |
30.03.12 | Natuzzi S.p.A. Announces 2011 Consolidated Results (Businesswire) |
08.03.12 | Natuzzi Announces Fourth Quarter 2011 Earnings Conference Call (Businesswire) |
25.11.11 | Natuzzi S.p.A. Announces Its Nine Months and Third Quarter 2011 Financial Results (Businesswire) |
23.09.11 | Natuzzi S.p.A. Announces Its First Six Months and Second Quarter 2011 Financial Results (Businesswire) |
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28.05.12 | Natuzzi S.p.A. Announces First Quarter 2012 Consolidated Results (Businesswire) |
10.05.12 | Natuzzi Announces First Quarter 2012 Earnings Conference Call (Businesswire) |
01.05.12 | Natuzzi S.p.A. Files Form 20-F for FY 2010 with SEC (Businesswire) |
30.04.12 | General Shareholders? Meeting of Natuzzi S.p.A. (Businesswire) |
30.03.12 | Natuzzi S.p.A. Announces 2011 Consolidated Results (Businesswire) |
08.03.12 | Natuzzi Announces Fourth Quarter 2011 Earnings Conference Call (Businesswire) |
25.11.11 | Natuzzi S.p.A. Announces Its Nine Months and Third Quarter 2011 Financial Results (Businesswire) |
23.09.11 | Natuzzi S.p.A. Announces Its First Six Months and Second Quarter 2011 Financial Results (Businesswire) |
| Keine Nachrichten im Zeitraum eines Jahres in dieser Kategorie verfügbar. Eventuell finden Sie Nachrichten, die älter als ein Jahr sind, im Archiv |
28.05.12 | Natuzzi S.p.A. Announces First Quarter 2012 Consolidated Results (Businesswire) |
10.05.12 | Natuzzi Announces First Quarter 2012 Earnings Conference Call (Businesswire) |
01.05.12 | Natuzzi S.p.A. Files Form 20-F for FY 2010 with SEC (Businesswire) |
30.04.12 | General Shareholders? Meeting of Natuzzi S.p.A. (Businesswire) |
30.03.12 | Natuzzi S.p.A. Announces 2011 Consolidated Results (Businesswire) |
08.03.12 | Natuzzi Announces Fourth Quarter 2011 Earnings Conference Call (Businesswire) |
25.11.11 | Natuzzi S.p.A. Announces Its Nine Months and Third Quarter 2011 Financial Results (Businesswire) |
23.09.11 | Natuzzi S.p.A. Announces Its First Six Months and Second Quarter 2011 Financial Results (Businesswire) |
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01.05.12 | Natuzzi S.p.A. Files Form 20-F for FY 2010 with SEC (Businesswire) |
10.05.12 | Natuzzi Announces First Quarter 2012 Earnings Conference Call (Businesswire) |
28.05.12 | Natuzzi S.p.A. Announces First Quarter 2012 Consolidated Results (Businesswire) |
| Keine Nachrichten im Zeitraum eines Monats in dieser Kategorie verfügbar |
01.05.12 | Natuzzi S.p.A. Files Form 20-F for FY 2010 with SEC (Businesswire) |
10.05.12 | Natuzzi Announces First Quarter 2012 Earnings Conference Call (Businesswire) |
28.05.12 | Natuzzi S.p.A. Announces First Quarter 2012 Consolidated Results (Businesswire) |
01.05.12 | Natuzzi S.p.A. Files Form 20-F for FY 2010 with SEC (Businesswire) |
10.05.12 | Natuzzi Announces First Quarter 2012 Earnings Conference Call (Businesswire) |
28.05.12 | Natuzzi S.p.A. Announces First Quarter 2012 Consolidated Results (Businesswire) |
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01.05.12 | Natuzzi S.p.A. Files Form 20-F for FY 2010 with SEC (Businesswire) |
10.05.12 | Natuzzi Announces First Quarter 2012 Earnings Conference Call (Businesswire) |
28.05.12 | Natuzzi S.p.A. Announces First Quarter 2012 Consolidated Results (Businesswire) |
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