Natuzzi announces consolidated results for the second quarter and first six months of 2019

Natuzzi announces consolidated results for the second quarter and first six months of 2019.natuzzi spa - consolidated net sales for q2 of 2019 were eur 92.2 million, down 12.5% from eur 105.3 million in same period of 2018.natuzzi spa - company expects 3q2019 sales almost in line with same quarter of previous year.natuzzi spa qtrly loss per share eur 0.19.natuzzi spa - during quarter, company accounted for eur 1.4 million for lay-off costs at italian operations.natuzzi - depending on business in north america for unbranded business, particularly suffering from tariffs imposition, co is considering outsourcing in vietnam.natuzzi spa - for unbranded business, also verifying possibility to have an outsourced activity in central america.natuzzi spa - company confirms its intention to sale non-strategic assets.natuzzi spa - started discussions with manufacturers located in eastern europe, to serve co's wholesales customers in emeai.natuzzi spa - will continue to shift manufacturing of lower margin product to co's romanian facility.natuzzi spa - co has taken actions in order to sell some non-strategic assets, including some industrial assets, some real estate properties in usa, italy.
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