| Business Summary | | Industrie
Natuzzi,
S.p.A.
(the
Group)
is
engaged
primarily
in
the
design,
manufacture
and
marketing
of
contemporary
and
traditional
leather
and
fabric-upholstered
furniture,
principally
sofas,
loveseats,
armchairs,
sectional
furniture,
motion
furniture
and
sofa
beds.
The
Group
has
positioned
its
products
principally
in
the
low
to
medium
price
range
and
emphasizes
value,
quality,
style,
variety
and
service.
The
Group
currently
designs
and
manufactures
all
of
its
furniture
in
Italy,
where
it
is
the
largest
furniture
manufacturer,
and
exports
approximately
88%
of
such
furniture.
The
Group
sells
its
furniture
principally
on
a
wholesale
basis
to
major
retailers
and
furniture
stores.
Within
Italy,
the
Group
sells
its
furniture
principally
through
franchised
Divani
&
Divani
furniture
stores.
As
at
December
31,
1999,
the
Divani
&
Divani
chain
had
101
stores
operating
in
Italy. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Industrie
Natuzzi,
S.p.A
is
engaged
in
the
design,
manufacture
and
marketing
of
contemporary
and
traditional
leather
and
fabric-upholstered
furniture.
For
the
three
months
ended
3/31/01,
net
sales
rose
26%
to
LIR396.32
billion.
Net
income
before
U.S.
GAAP
rose
7%
to
LIR42.04
billion.
Revenues
reflect
growth
in
seating
units
sold
in
the
Americas.
Net
income
was
partially
offset
by
a
lower
gross
margin
attributable
to
higher
raw
material
costs,
particularly
leather. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Pasquale Natuzzi, 60 | Chairman | Giuseppe Desantis, 38 | Vice
Chairman | Stelio Campanale, 38 | Gen.
Counsel | Michele Bonerba, 64 | HR
Mang. | Giovanni Costantino, 37 | R&D
and Industrialization Mang. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|