General Shareholders’ Meeting of Natuzzi S.p.A.
April 28 2011 - 8:05AM
Business Wire
- APPROVED NATUZZI S.p.A. FINANCIAL
STATEMENTS 2010
- APPOINTED BOARD OF DIRECTORS FOR THE
YEARS 2011-2013
The Natuzzi S.p.A (NYSE:NTZ) Annual General Shareholders’
meeting, held today, has approved the Financial Statements of the
Parent Company for the fiscal year ended on December 31, 2010 and
also acknowledged the 2010 Consolidated Financial Statements.
As previously announced the Natuzzi Group reported, for the
entire year 2010, Total Net Sales of € 518.6 million, up by 0.6%
versus previous year, and a Net Group loss of €11.1 million, with a
significant improvement as compared to 2009.
The General Shareholders Meeting has, moreover, appointed the
new Board of Directors, for the period 2011-2013, composed of the
following directors: Pasquale Natuzzi, Anna Maria Natuzzi, Antonia
Isabella Perrone, Maurizia Iachino Leto di Priolo, Giuseppe Antonio
D’Angelo, Giuseppe Desantis, Pietro Scott Iovane, Giuseppe Marino
and Andrea Martinelli.
On May 2, 2011 the new Board of Directors will meet for the
appointment of the Chairman and to resolve upon possible delegation
of powers.
About Natuzzi
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 518.6 million in 2010.
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
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