Natuzzi S.p.A. Announces Fourth Quarter and Full Year 2010 Financial Results

The Board of Directors of Natuzzi S.p.A. NTZ today announced its financial results for the fourth quarter and full year of 2010. FULL YEAR 2010 Total Net Sales were €518.6 million, up 0.6% as compared to FY 2009 Industrial Margin was €197.1 million as compared to €185.6 million in FY 2009 Positive EBIT of €0.4 million vs. a negative EBIT of €10.6 million in FY 2009 Net Group Loss of €11.1 million vs. a Net Group Loss of €17.7 million in FY 2009 FOURTH QUARTER 2010 Total Net Sales were €132.0 million, down 13.3% as compared to fourth quarter 2009 Industrial Margin was €51.3 million as compared to €59.3 million in fourth quarter 2009 Positive EBIT of €0.2 million, vs. a positive EBIT of 2.1million in fourth quarter 2009 Net Group Loss of €1.4 million vs. a Net Group Loss of €2.5 million in fourth quarter 2009 Positive Net Financial Position of €45.6 million