Earnings ·
Natuzzi posts €10M Q2 operating loss, appoints Aldo Uva as CEO amid restructuring
NTZNatuzzi S P A
Natuzzi S.p.A. reported a second-quarter operating loss of €10.0 million on net sales of €60.0 million, a significant deterioration from the €2.7 million loss in the prior-year period. The company is undergoing an out-of-court restructuring proceeding and has appointed Aldo Uva as Chief Executive Officer effective October 26, 2026. A majority shareholder contributed €3.0 million toward a future capital increase to support near-term funding needs. Additionally, Natuzzi signed a preliminary agreement to dispose of a non-strategic industrial asset in Italy and is reviewing its NYSE delisting determination with a hearing scheduled for December 17, 2026. The company operates in the production and distribution of design and luxury furniture.