Natuzzi S.p.A. Shareholder Letter and Financial Results

Ongoing market instability contributes to Q1 decline for Natuzzi - Furniture Today

SANTERAMO IN COLLE, Bari, Italy—With markets in which it operates not showing “those signs of improvement we expected,” Italian furniture brand Natuzzi recorded lower net sales in Q1 and reduced gross margin. Total net sales for the quarter were €78.1 million, down 7.6% from €84.5 million in the same quarter in 2024. Gross margin fell to 34.1% compared to 36.9% in Q1 2024, which was attributed primarily to the production shift to Italy from Chin…

Natuzzi S.p.A. Shareholder Letter and Financial Results

Natuzzi S.p.A. (NYSE: NTZ) reported challenging Q1 2025 results, with total net sales declining 7.6% to €78.1 million from €84.5 million in Q1 2024. The company experienced an operating loss of €0.8 million, compared to a €0.6 million profit in the previous year.Key strategic changes include relocating Natuzzi Editions production for North America from China to Italy, closing the Shanghai plant, and implementing a 10% price increase. The company…