Earnings Call Summary | Natuzzi SPA(NTZ.US) Q3 2024 Earnings Conference
Earnings Call Summary | Natuzzi SPA(NTZ.US) Q3 2024 Earnings Conference
Adjusted operating profit was EUR 1.2 million, despite an unadjusted loss of EUR 3.8 million.The following is a summary of the Natuzzi S.p.A. (NTZ) Q3 2024 Earnings Call Transcript:
以下是納圖茲傢俱（NTZ）2024年第三季度業績會的摘要：
Financial Performance:
財務表現：
Natuzzi reported stable sales of EUR 243.9 million with a gross margin of 35.8%.
Adjusted operating profit was EUR 1.2 million, despite an unadjusted loss of EUR 3.8 million.
納圖茲的銷售額穩定爲EUR 24390萬，毛利率爲35.8%。
調整後的營業利潤爲EUR 120萬，儘管未調整的虧損爲EUR 380萬。
Business Progress:
業務進展：
Transitioning focus to branded retail with new store in Denver and revamped Natuzzi Italia stores.
Launched new commercial division focused on trade and direct contract business.
將重點轉向品牌零售，在丹佛開設新店並重新改造納圖茲意大利店。
推出新的商業部門，專注於交易和直接合同業務。
Opportunity:
機會：
Plans for further U.S. retail expansion and investing in IT and store formats.
Divesting non-strategic assets to focus on higher margin business areas.
計劃進一步在美國零售擴張，並投資於IT和店面格式。
剝離非戰略性資產，以專注於毛利率較高的業務領域。
Risk:
風險：
Restructuring costs impacting finances and volatile economic conditions affecting sales.
Higher interest rates increasing working capital financing costs.
重組成本影響財務狀況，波動的經濟條件影響銷售。
更高的利率期貨增加了營運資金融資成本。
Financial Performance:
財務表現：
Natuzzi reported sales of EUR 243.9 million for the first nine months, in line with the previous year.
Gross margin remained stable at 35.8%, but adjusted for one-off severance costs, would have been 37.4%.
Reported an operating loss of EUR 3.8 million, but adjusted for one-offs, there was an operating profit of EUR 1.2 million.
Financial costs were EUR 7.4 million, influenced by higher interest rates affecting working capital financing.
納圖茲傢俱報告前九個月銷售額爲EUR 24390萬，與去年持平。
毛利率保持在35.8%，但調整一次性裁員成本後，應該爲37.4%。
報告營業虧損爲EUR 380萬，但調整一次性費用後，營業利潤爲EUR 120萬。
財務成本爲EUR 740萬，受較高利率影響，影響了流動資金融資。
Business Progress:
業務進展：
Natuzzi is focusing on transitioning to a branded retail company, indicated by growth in DOS and branded sales.
Continued expansion in the U.S. with a new store in Denver and an increased number of Natuzzi Italia stores.
Implementing significant store upgrades and new IT tools to enhance customer experience and improve sales efficiency.
Restructuring efforts included reducing the workforce by 26% since 2021, enhancing operational efficiency.
Divestment from non-strategic assets, including land and facilities, to improve financial liquidity.
Enhanced focus on wholesale channels and introduced a new modular gallery format.
Launching a new commercial division aiming to expand into trade and contract business that is margin accretive and handled directly.
納圖茲傢俱正專注於轉型爲品牌零售公司，這在直營店和品牌銷售的增長中得以體現。
在美國持續擴張，丹佛新開設一家門店，並增加了納圖茲意大利品牌店的數量。
實施重大門店升級和新IT工具，以增強客戶體驗並提高銷售效率。
重組措施包括自2021年以來減少26%的員工，以提高運營效率。
剝離非戰略性資產，包括土地和設施，以改善財務流動性。
加強對批發渠道的關注，並推出新的模塊化畫廊格式。
推出新的商業部門，旨在擴展到具有毛利率提升且直接處理的交易和合同業務。
Opportunities:
機會：
Expansion of retail operations in the U.S., a prioritized market, with additional store openings planned.
Continued investment in IT and store formats to uplift the brand and customer interaction.
Divesting non-strategic assets to free up resources and potentially reinvest in strategic initiatives.
Entering the trade and contract business, particularly after the establishment of a dedicated division, aiming to leverage Natuzzi's design capabilities into incrementally profitable new business areas.
在美國擴展零售業務，這裏是優先市場，計劃開設更多門店。
繼續投資於信息技術和門店格式，以提升品牌和客戶互動。
剝離非戰略性資產以釋放資源，並可能重新投資於戰略舉措。
進入交易和合同業務，特別是在建立專門部門後，旨在利用納圖茲傢俱的設計能力進入增量盈利的新業務領域。
Risks:
風險：
Increased operational costs from restructuring, including severance pay.
Volatile economic conditions affecting sales dynamics, especially amid higher interest rates impacting customer purchasing power and financing costs.
Closure and movement of manufacturing facilities could disrupt production short term.
重組帶來的運營成本增加，包括遣散費。
不穩定的經濟狀況影響銷售動態，尤其是在較高利率影響客戶購置能力和融資成本的情況下。
製造設施的關閉和遷移可能短期內 disrupt 生產。
More details: Natuzzi SPA IR
更多細節：納圖茲傢俱 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更全面的細節，請參閱IR網站。 文章僅供投資者參考，不構成任何指導或推薦建議。
譯文內容由第三人軟體翻譯。
