Natuzzi: Annual Ordinary Shareholders’ Meeting of Natuzzi S.p.A.

Natuzzi S.p.A. (NYSE:NTZ) (“Natuzzi” or “the Company”), today announced that the Company’s financial statements for the year ended December 31, 2015, were approved by shareholders at the ordinary shareholders' meeting held on April 27, 2016.

As previously announced on March 23, 2016, Natuzzi S.p.A. reported net consolidated sales of EUR 488.5 million for 2015, up 5.9% from the previous year, positive EBITDA of EUR 6.1 million and net losses of EUR 16.5 million, significantly improving from the previous year.

The ordinary shareholders’ meeting appointed Carlo Gatto as Chairman of the Board of Statutory Auditors and Cataldo Sferra and Giuseppe Pio Macario as members of the Board of Statutory Auditors.

The ordinary shareholder’s meeting appointed KPMG as the Company’s External Auditors for the three year period 2016 – 2018.

----------------------------------------------

Natuzzi S.p.A.

About Natuzzi S.p.A.

Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. designs, manufactures and sells a broad collection of couches, armchairs, home furniture and home accessories. With consolidated revenues of €488.5 million in 2015, Natuzzi is Italy’s largest furniture house and the player with the greatest global reach in its sector, with eight manufacturing plants, twelve commercial offices and more than 1,100 points of sale worldwide. Ethics and social responsibility, innovation, industrial know-how and integrated management of its value chain represent the points of strength that have made the Natuzzi Group a market leader and established Natuzzi as the most recognized furniture brand in the world among consumers of luxury goods. Natuzzi S.p.A. has been listed on the New York Stock Exchange since May 1993. The Company is ISO 9001 and 14001 certified.

----------------------------------------------

View source version on businesswire.com: http://www.businesswire.com/news/home/20160428005762/en/