Natuzzi S.p.A. Announces Second Quarter Results

The Board of Directors of Natuzzi S.p.A. NTZ earlier today announced its financial results for the second quarter and first six months of 2010. SECOND QUARTER 2010 SUMMARY: --Upholstery Net Sales were €130.9 million, up 12.0% as compared to the second quarter of 2009 --Total Net Sales were €145.2 million, up 8.7% as compared to the same period of 2009 --Industrial margin was €54.6 million, versus €50.5 million recorded in the second quarter of 2009 --Operating Income was €2.2 million, as compared to €1.1 million for the same period of 2009 --Net group loss was €2.8 million versus a loss of €3.9 million recorded in the same quarter of 2009 --Positive net cash position of €49.0 million