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MarketScreener Homepage  >  Equities  >  Nyse  >  Natuzzi S.p.A.    NTZ

NATUZZI S.P.A.

(NTZ)
  Report
Delayed Quote. Delayed Nyse - 01/21 04:10:00 pm
12.23 USD   +6.88%
01/21European ADRs Edge Lower in Thursday Trading
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01/19European ADRs Move Higher in Tuesday Trading
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01/14European ADRs Climb Higher in Thursday Trading
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Natuzzi S p A : Renews Securitization Facility With Intesa Sanpaolo

07/24/2020 | 09:10am EST

By Chris Wack

 

Natuzzi SpA said Friday it has renewed its accounts-receivables securitization facility with an affiliate of Intesa Sanpaolo SpA for an additional 5-year period.

The company said it originally entered into the securitization facility in July 2015, and the new facility allows it to assign trade receivables to Intesa Sanpaolo for a maximum amount of 40 million euros ($46.4 million) on a revolving basis and maintaining only a limited risk in the assigned trade receivable, in exchange for short-term credit.

Natuzzi said the facility continues to provide it with an important and stable source of liquidity. Notably, the company is entitled to assign a wider range of trade receivables, thus adding flexibility to its funding capacity.

Natuzzi Group shares were up 90%, to $2.20, in premarket trading.

 

Write to Chris Wack at chris.wack@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
INTESA SANPAOLO S.P.A. -2.55% 1.8674 Delayed Quote.0.24%
NATUZZI S.P.A. 6.88% 12.23 Delayed Quote.-2.55%
All news about NATUZZI S.P.A.
01/21European ADRs Edge Lower in Thursday Trading
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01/19European ADRs Move Higher in Tuesday Trading
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01/14European ADRs Climb Higher in Thursday Trading
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01/13NATUZZI S P A : AGREEMENT FOR THE SALE OF I.M.P.E. SPA (Jan. 2021)
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01/04European ADRs Move Higher in Monday Trading
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2020European ADRs Move Lower in Thursday Trading
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Financials
Sales 2019 387 M 471 M 471 M
Net income 2019 -33,4 M -40,6 M -40,6 M
Net Debt 2019 60,2 M 73,2 M 73,2 M
P/E ratio 2019 -0,56x
Yield 2019 -
Capitalization 110 M 134 M 134 M
EV / Sales 2018 0,07x
EV / Sales 2019 0,20x
Nbr of Employees 4 615
Free-Float 8,71%
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Managers and Directors
NameTitle
Pasquale Natuzzi Chairman, President & Chief Executive Officer
Antonino Gambuzza Chief Operations Officer
Vittorio Notarpietro Chief Financial & Legal Officer
Angelo Colacicco Chief Technology & Digital Innovation Officer
Antonia Isabella Perrone Non-Executive Director
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