- Report of Foreign Issuer (6-K)
February 11 2010 - 7:00AM
Edgar (US Regulatory)
Securities and Exchange Commission
Washington,
D.C. 20549
Form 6-K
Report
of Foreign Issuer
Pursuant
To Rule 13a-16 Or 15d-16
Of
The
Securities
Exchange Act of 1934
For the month of February, 2010
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Commission File Number 1-11854
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NATUZZI S.p.A.
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(Translation of registrant’s name into English)
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Via Iazzitiello 47
70029 Santeramo, Italy
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(Address of principal office)
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Indicate by check mark whether the
registrant files or will file annual reports under cover of Form 20-F or
Form 40-F:
Form
20-F ⊠ Form 40-F ⃞
Indicate by check mark whether the
registrant by furnishing the information contained in this Form is also
thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934.
Yes
⃞ No ⊠
If "Yes" is marked, indicate below the
file number assigned to the registrant in connection with Rule
12g3-2(b):
Exhibit 99
Natuzzi
S.p.A Announces the 2010 Goals
SANTERAMO, Italy--(BUSINESS WIRE)--February 11, 2010--The Board of
directors of Natuzzi S.p.A. (NYSE:NTZ) (“Natuzzi” or “the Company”), a
world leading furniture Company, today announced that it has approved
the Company’s 2010 strategic and financial plan.
The Company’s 2010 goals are as follows:
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Total Net Sales of approximately € 600 million
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Return to a positive EBIT margin
Natuzzi’s Board of Directors has approved the 2010 Budget, which
reflects the current financial and economic uncertainty, but also
incorporates the improvement in total net sales and order flow during
the last few months. This new 2010 budget will substitute the previous
3-Year Business Plan which was approved at the end of 2008.
The target 2010 forecast of Total Net Sales of approximately € 600
million, (a 17% increase as compared to 2009) and a return to a positive
EBIT margin, is expected to be achieved through the Company’s Brands:
Natuzzi,
an aspirational brand characterized by Italian design,
quality and lifestyle sold through retail channel company-owned and
franchises (B2C);
Italsofa,
a young-living brand characterized by
modern and innovative style also sold through retail channel
company-owned and franchises (B2C); and
Editions,
a new
trademark, successfully presented at the January 2010 International
Cologne fair, with a complete collection targeted to all consumers and
classes of trade, sold through the wholesale channel (B2B). The Editions
project has been created to regain market share, through the development
of products with innovative design created by the Natuzzi Style Centre,
and to serve the needs of the Wholesale market, that has always
represented a fundamental part of the Natuzzi Business.
The 2010 forecasted Total Net Sales growth will be executed with strict
control over operating costs, and therefore involves the continuation of
the efficiency processes and containment costs that the Company
instituted during the last year.
The Natuzzi Group, moreover, is working with the local and national
institutions in order to safeguard both the local employment and the
Company’s competitiveness.
Pasquale Natuzzi; Chairman, CEO of the Natuzzi Group commented: “The
ambitious 2010 goals are taking into consideration the persistent
challenging economic environment, but also the internal Group
improvement that began recently. Considering the uncertainty in the
market, we have planned to periodically evaluate and fine tune our long
term objectives in order to incorporate any potential changes in the
environment.” – Pasquale Natuzzi continued - “Lastly, I want to
emphasize the strength of the Editions project, that will be one of the
engines of our future growth, that will leverage our experienced,
creative team as well as our production and commercial Group structures.”
About Natuzzi
Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. designs and
manufactures a broad collection of residential upholstered furniture.
With 2008 consolidated revenues of EUR 666,0 million on, Natuzzi is
Italy's largest furniture manufacturer. The Natuzzi group exports its
innovative high-quality sofas and armchairs to 123 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 certified.
Forward looking statement
Statements in this press release other than statements of historical
fact are “forward-looking statements”. Forward–looking statements are
based on management’s current expectations and beliefs and therefore you
should not place undue reliance on them. These statements are subject to
a number of risks and uncertainties, including risks that may not be
subject to the Group’s control, that could cause actual results to
differ materially from those contained in any forward-looking statement.
These risks include, but are not limited to, fluctuations in exchange
rates, economic and weather factors affecting consumer spending,
competitive and regulatory environment, as well as other political,
economical and technological factors, and other risks identified from
time to time in the Group’s filings with the Securities and Exchange
Commission, particularly in the Group’s annual report on Form 20-F.
Forward looking statements speak as of the date they were made, and the
Group undertakes no obligation to update publicly any of them in light
of new information or future events.
CONTACT:
Natuzzi
Investor Relations
Silvia Di Rosa, +39 335 78
64 209
sdirosa@natuzzi.com
or
Natuzzi
Media Relations
Paola
Peretti, +39 334 63 09 967
pperetti@natuzzi.com
SIGNATURES
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
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NATUZZI S.p.A.
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(Registrant)
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Date:
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February 11, 2010
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By:
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/s/ Pasquale Natuzzi
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Pasquale Natuzzi
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