The Natuzzi S.p.A (NYSE:NTZ) Annual General Shareholders’ meeting, held today, approved the Financial Statements of the Parent Company for the fiscal year ended on December 31, 2011 and also acknowledged the 2011 Consolidated Financial Statements.
As previously announced, the Natuzzi Group reported for the entire year 2011 Consolidated Total Net Sales of € 486.4 million, versus € 518.6 million of the previous year, and a Net Group loss of €19.6 million as compared to € 11.1 million of 2010.
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 486.4 million in 2011. 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