1. Natuzzi approved 2024 financial statements during annual shareholders' meeting. 2. New statutory auditors appointed for 2025-2027 fiscal years. 3. The company operates over 600 stores globally. 4. Natuzzi emphasizes quality and sustainability in its production. 5. The brand has been listed on NYSE since 1993.
Approval of financial statements signals operational stability and growth potential. Historically, positive earnings announcements often lead to increased investor confidence.
Key financial approvals suggest healthy performance, which may attract investors and improve stock outlook.
The immediate response in stock price is likely due to recent approvals. Past examples show stock price reactions often occur within weeks of financial disclosures.
SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--Natuzzi S.p.A. (NYSE: NTZ) (“Natuzzi” or the “Company” and, together with its subsidiaries, the “Natuzzi Group”) announced today that it held on first call its annual general shareholders’ meeting on May 28, 2025 (the “Annual General Meeting”).
At the Annual General Meeting, the shareholders approved the Company’s stand-alone financial statements for the fiscal year ended December 31, 2024, and acknowledged the approval of the 2024 consolidated financial statements of the Natuzzi Group by the Company’s Board of Directors at a meeting held on April 17, 2025.
At the Annual General Meeting, the shareholders appointed the following individuals to the board of statutory auditors for fiscal years 2025, 2026 and 2027: Mr. Ferdinando Parente as chairman of the board, Mr. Francesco Campobasso and Mr. Alberto Longo as members of the board, and Mr. Vito Plantone and Mr. Michele Loizzo as alternates.
About Natuzzi S.p.A.
Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is one of the most renowned brands in the production and distribution of design and luxury furniture. As of December 31, 2024, Natuzzi distributes its collections worldwide through a global retail network of 630 Natuzzi monobrand stores and 650 wholesale points of sale, including 427 Natuzzi galleries and other smaller distribution areas within multi-brand stores. Natuzzi products embed the finest spirit of Italian design and the unique craftmanship details of the “Made in Italy”, where a predominant part of its production takes place. Natuzzi has been listed on the New York Stock Exchange since May 13, 1993. Committed to social responsibility and environmental sustainability, Natuzzi S.p.A. is ISO 9001 and 14001 certified (Quality and Environment), ISO 45001 certified (Safety on the Workplace) and FSC® Chain of Custody, CoC (FSC-C131540).