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N NATUZZI NATUZZI ANNOUNCES CONSOLIDATED RESULTS FOR THE FIRST QUARTER 2021 • • • Q1 2021 DELIVERED SALES + 23.1 % , ON ROBUST ORDER BACKLOG YTD POSITIVE MOMENTUM CONTINUES WITH FIRST 18 WEEKS WRITTEN ORDERS IMPROVING ON KEY BUSINESS DIMENSIONS ( BRANDS , GEOGRAPHIES ) VS BOTH 2020 AND THE PRE - PANDEMIC RESULTS OF 2019 GROSS PROFIT MARGINS EXPAND , OFFSETTING GROWING COST OF RAW MATERIALS OPERATING PROFIT IMPROVES TO HIGHEST LEVELS SINCE Q4 2016 PROFIT FOR THE PERIOD OF € 5.9 MILLION INCLUDING € 4.8 MILLION OF GAIN FROM THE DISPOSAL OF POLIURETHAN MANUFACTURING SUBSIDIARY AVAILABLE CASH INCREASED BY 83.5 % TO € 54.1 MILLION VS € 29.5 MILLION AS OF MARCH 31 , 2020 • • EPS TURNS POSITIVE ( € 0.11 PER SHARE ) ON MAY 10TH 2021 , THE BOARD OF DIRECTORS APPROVED A NEW GOVERNANCE SET - UP TO ACCELERATE GROWTH MOMENTUM AND STRENGTHEN NATUZZI'S COMPETITIVE POSITIONING IN THE GLOBAL DESIGN AND AFFORDABLE LUXURY FURNITURE MARKET 1