Natuzzi S.p.A. Announces Fourth Quarter and Full Year 2010 Financial Results
The Board of Directors of Natuzzi S.p.A. (NYSE: NTZ) today announced its financial results for the fourth quarter and full year of 2010.
FULL YEAR 2010
Total Net Sales were €518.6 million, up 0.6% as compared to FY 2009 Industrial Margin was €197.1 million as compared to €185.6 million in FY 2009 Positive EBIT of €0.4 million vs. a negative EBIT of €10.6 million in FY 2009 Net Group Loss of €11.1 million vs. a Net Group Loss of €17.7 million in FY 2009 FOURTH QUARTER 2010
Total Net Sales were €132.0 million, down 13.3% as compared to fourth quarter 2009 Industrial Margin was €51.3 million as compared to €59.3 million in fourth quarter 2009 Positive EBIT of €0.2 million, vs. a positive EBIT of 2.1million in fourth quarter 2009 Net Group Loss of €1.4 million vs. a Net Group Loss of €2.5 million in fourth quarter 2009 Positive Net Financial Position of €45.6 million
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