I am a Natuzzi S.p.A. (NYSE:NTZ) shareholder and firmly believe in the long-term potential of the management’s strategy. Yet, I have been hammered recently, as my position registered significant loss last year.
In fact, 2019 has been an annus horribilis for Natuzzi. Despite evident progress in the company’s general management (cost side), an excellent start of the Chinese JV’s operations and promising projects for the future, sales kept on shrinking in the first nine months of last year (-6% adjusted YoY). And the bottom line is still in deep red, although a big