<SEC-DOCUMENT>0001157523-20-000257.txt : 20200224
<SEC-HEADER>0001157523-20-000257.hdr.sgml : 20200224
<ACCEPTANCE-DATETIME>20200224170811
ACCESSION NUMBER:		0001157523-20-000257
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200224
FILED AS OF DATE:		20200224
DATE AS OF CHANGE:		20200224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATUZZI S P A
		CENTRAL INDEX KEY:			0000900391
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD FURNITURE [2510]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11854
		FILM NUMBER:		20645369

	BUSINESS ADDRESS:	
		STREET 1:		VIA IAZZITIELLO 47
		CITY:			SANTERAMO ITALY
		STATE:			L6
		ZIP:			70029

	MAIL ADDRESS:	
		STREET 1:		VIA IAZZITIELLO 47
		CITY:			SANTERAMO ITALTY
		STATE:			L6
		ZIP:			999999999

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NATUZZI INDUSTRIES SPA
		DATE OF NAME CHANGE:	19950823
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a52178658.htm
<DESCRIPTION>NATUZZI S.P.A. 6-K
<TEXT>
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    <div style="text-align: center; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-size: 16pt; font-family: 'Times New Roman',Times,serif;">Securities and Exchange Commission</font><br>
      Washington, D.C. 20549<br>
      <br>
      <br>
      <br>
      <font style="font-size: 16pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Form 6-K</font><br>
      <br>
      <br>
      <br>
      Report of Foreign Issuer<br>
      Pursuant To Rule 13a-16 Or 15d-16<br>
      Of The<br>
      Securities Exchange Act of 1934</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z39825af9a29f4ff0b87b0d24bb4ff2b4">

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          <td style="width: 49.99%; vertical-align: top;">
            <div>For the month of <font style="font-weight: bold;">FEBRUARY 2020</font></div>
          </td>
          <td style="width: 50.01%; vertical-align: top;">
            <div style="text-align: right;">Commission File Number 1-11854</div>
          </td>
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            <div>&#160;</div>
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">NATUZZI S.p.A.</div>
          </td>
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            <div style="text-align: center;">(Translation of registrant&#8217;s name into English)</div>
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          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div style="text-align: center;">Via Iazzitiello 47<br>
              70029 Santeramo, Italy</div>
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            <div style="text-align: center;">(Address of principal office)</div>
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    <div style="margin-top: 12pt; margin-bottom: 12pt;"><br>
    </div>
    <div style="text-indent: 22.5pt; margin-top: 12pt; margin-bottom: 12pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:&#160;&#160;<br>
      Form 20-F &#9746; Form 40-F &#9744;</div>
    <div style="text-indent: 22.5pt; margin-top: 12pt; margin-bottom: 12pt;">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule
      12g3-2(b) under the Securities Exchange Act of 1934.&#160; Yes &#9744; No &#9746;</div>
    <div style="text-indent: 22.5pt; margin-top: 12pt; margin-bottom: 12pt;">If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):<br>
      <br>
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        <h1 style="text-align: center; list-style-position:inside;FONT-SIZE: 14pt;"> <b>Natuzzi Provides Update on Impact of Coronavirus on Its Operations</b> </h1>
        <div class="bw-release-body">
          <div class="bw-release-table-js bw-release-story">
            <p>SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--February 24, 2020--Natuzzi S.p.A. (NYSE:NTZ): </p>
            <p> In response to the evolving situation related to the coronavirus outbreak in China, the Company is following the guidelines of local authorities as it prioritizes the health and safety of its employees, suppliers and retail partners.
              Indeed, the well-being of our colleagues and friends in China is of paramount importance. We continue to closely cooperate with local health experts as this emergency continues. </p>
            <p> Our Chinese plant &#8211; located in Shanghai - currently serves both the Asian and the North American markets and represents approximately one-fourth of our production capacity planned for 2020. </p>
            <p> In accordance to safety guidelines, our Chinese plant was closed for two weeks, in addition to the Chinese New Year holiday period. While operations in the Chinese plant have just re-started, we currently expect a gradual return to normal
              operating conditions by April. </p>
            <p> On the basis of such assumption, the Company expects for 1q2020 a disruptive impact on revenues between &#8364;10.0 million and &#8364;15.0 million at consolidated level that could be recovered starting from May 2020. </p>
            <p> The situation has been continuously evolving, and as such, these are our best estimates so far that could materially change if there is meaningful deterioration from current trends. </p>
            <p> As it is customary in the upholstery business, some components of our production are provided by third-party Chinese suppliers that are experiencing the same production delay. The Company has been activating a series of alternative
              solutions to reduce the impact of these delays, that could result in extra-costs. </p>
            <p> On the other hand, it is too early to estimate the impact to the consumers&#8217; demand in China, since the magnitude of the impact will depend on the evolution of the coronavirus outbreak. We are closely cooperating with our Chinese retail
              partners to mitigate the impact on business. </p>
            <p> In fiscal year 2019, the Chinese market represented less than 10% of our consolidated sales. </p>
            <p> We will provide an updated guidance as we get more visibility. </p>
            <div> </div>
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            </div>
            <p> <b><u>CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS </u></b> </p>
            <p> Certain statements set forth in this press release constitute forward-looking statements within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
              Act of 1934, as amended. These statements involve risks and uncertainties that could cause the Company&#8217;s actual results to differ materially from those stated or implied by such forward-looking statements. More information about the potential
              factors that could affect the Company&#8217;s business and financial results is included in the Company&#8217;s filings with the Securities and Exchange Commission, including the Company&#8217;s most recent Annual Report on Form 20-F. The Company undertakes no
              obligation to update any of the forward-looking statements after the date of this press release. </p>
            <p> <b>About Natuzzi S.p.A.</b> </p>
            <p> <i>Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is Italy&#8217;s largest furniture house and one of the most important global players in the furniture industry with an extensive manufacturing footprint and a global retail network. Natuzzi
                is the European lifestyle best-known brand in the upholstered furnishings sector worldwide (Brand Awareness Monitoring Report - Ipsos 2018) and has been listed on the New York Stock Exchange since May 13, 1993. Always committed to social
                responsibility and environmental sustainability, Natuzzi S.p.A. is ISO 9001 and 14001 certified (Quality and Environment), OHSAS 18001 certified (Safety on the Workplace) and FSC&#174; certified (Forest Stewardship Council).</i> </p>
          </div>
          <div class="bw-release-contact">
            <h2 style="FONT-SIZE: 14pt;">Contacts</h2>
            <p> <b>NATUZZI INVESTOR RELATIONS </b><br>
              Piero Direnzo | +39.080.8820.812 | pdirenzo@natuzzi.com </p>
            <p> <b>NATUZZI CORPORATE COMMUNICATION </b><br>
              Vito Basile (Press Office) | +39.080.8820.676 | vbasile@natuzzi.com </p>
          </div>
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    <div style="font-family: 'Times New Roman',Times,serif; font-weight: 400;"><br>
      <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
    </div>
    <div style="text-indent: 22.5pt; margin-top: 12pt; margin-bottom: 12pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly
      authorized.</div>
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            <div>&#160;</div>
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          <td colspan="2" style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">NATUZZI S.p.A.</div>
          </td>
        </tr>
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          <td style="width: 6%; vertical-align: middle;">&#160;</td>
          <td style="width: 43%; vertical-align: middle;">&#160;</td>
          <td style="width: 1%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">(Registrant)</div>
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          <td style="width: 6%; vertical-align: middle;">&#160;</td>
          <td style="width: 43%; vertical-align: middle;">&#160;</td>
          <td style="width: 1%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
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            <div>&#160;</div>
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          <td style="width: 6%; vertical-align: top;">
            <div>Date:</div>
          </td>
          <td style="width: 43%; vertical-align: top;">
            <div style="font-weight: bold;">FEBRUARY 24, 2020</div>
          </td>
          <td style="width: 1%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: top;">
            <div>By:</div>
          </td>
          <td style="width: 46%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">/s/ Pasquale Natuzzi</div>
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          <td style="width: 6%; vertical-align: middle;">&#160;</td>
          <td style="width: 43%; vertical-align: middle;">&#160;</td>
          <td style="width: 1%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
          <td style="width: 46%; vertical-align: top;">
            <div style="text-align: center;">Pasquale Natuzzi</div>
          </td>
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