Natuzzi Shareholder Letter and Financial Results 2024 – Second Quarter and First Half Results
Financial Performance: Natuzzi S.p.A. reported a slight increase in consolidated revenue for Q2 2024, reaching €84.4 million, despite ongoing challenging market conditions affecting consumer spending. The company also improved its gross margin to 38.1%, reflecting better sales quality and operational efficiency.
Strategic Initiatives: The Group is focused on expanding its retail presence, particularly in the U.S. and China, with the opening of new stores and a reimagined gallery concept to enhance customer engagement. Additionally, they are restructuring operations to reduce costs and improve profitability while pursuing growth opportunities in the Trade & Contract business.
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Natuzzi Reports €74.4 Million in Q3 Sales, Down 0.8% Year-over-Year
- Sales Decline: Natuzzi reported net sales of €74.4 million in Q3 2025, down 0.8% from €75.0 million in Q3 2024, reflecting ongoing macroeconomic and geopolitical challenges that have suppressed consumer spending.
- Gross Margin Improvement: Despite the sales decline, gross margin improved to 36.0% from 31.8% in Q3 2024, primarily due to a better sales mix of higher-margin products and cost savings from rightsizing operations in China.
- Reduced Operating Loss: The operating loss for Q3 was €1.7 million, a significant improvement from a loss of €3.8 million in the same quarter last year, indicating effective cost control and operational optimization efforts by the company.
- Cash Flow Status: As of September 30, 2025, Natuzzi held €18.1 million in cash, down from €20.3 million at the end of 2024, primarily due to cash outflows from operating activities and insufficient cash inflows from investing activities to offset the decline.
Natuzzi Reports Q2 2025 Financial Performance
Financial Performance: Natuzzi S.p.A. reported total net sales of €78.3 million for 2Q 2025, a 7.2% decline from €84.4 million in 2Q 2024, with a gross margin decrease to 34.0% due to lower sales and production shifts.
Operating Loss and Restructuring: The company experienced an operating loss of €2.7 million, up from €0.4 million in the previous year, prompting the approval of a restructuring plan aimed at reducing fixed costs and improving efficiency.
Cash Position and Support: As of June 30, 2025, Natuzzi held €22.8 million in cash, bolstered by proceeds from asset sales, and received a €15 million interim credit line from its majority shareholder to support cash requirements during the restructuring.
Market Challenges: Ongoing geopolitical instability, a weak U.S. real estate market, and trade tensions have negatively impacted consumer confidence and demand, leading to lower store traffic and order intake, which may continue to affect operations.
Natuzzi S.p.A. Reveals Schedule for 2025 Second Quarter and First Half Financial Results and Conference Call
Financial Disclosure Announcement: Natuzzi S.p.A. will release its unaudited financial information for the second quarter and first half of 2025 on November 19, 2025, after the NYSE trading closes.
Conference Call Details: A conference call to discuss the financial results is scheduled for November 20, 2025, at 10:00 a.m. U.S. Eastern time, with options to join via phone or video link.
Replay Information: A replay of the conference call will be available approximately three hours after it ends, accessible until December 20, 2025, with specific dial-in numbers and access codes provided.
Company Overview: Founded in 1959, Natuzzi S.p.A. is a leading luxury furniture brand with a global retail network, committed to quality, environmental sustainability, and social responsibility, holding multiple ISO certifications.
Natuzzi Will Be Present at the Expo 2025 Osaka With Its Collections
Natuzzi's Partnership with Italy Pavilion: Natuzzi has been selected as an official partner for the Italy Pavilion at Expo 2025 Osaka, showcasing its Mediterranean lifestyle through iconic furniture designs inspired by the Renaissance Ideal City.
Commitment to Japanese Culture: With a long-standing presence in Japan, Natuzzi aims to enhance its engagement with diverse cultures and demonstrate respect for Japanese heritage during the Expo, while also emphasizing its commitment to quality and sustainability.
Annual General Shareholders' Meeting of Natuzzi S.p.A.
Financial Statements Approved: Natuzzi S.p.A. shareholders approved the company's financial statements for the fiscal year 2024 during the annual general meeting held on May 28, 2025.
New Board of Statutory Auditors Appointed: The shareholders appointed a new board of statutory auditors for the three-year period from 2025 to 2027, including Mr. Ferdinando Parente as chairman and other members.
Natuzzi Filed Its Annual Report on Form 20-F With the SEC
Annual Report Filing: Natuzzi S.p.A. has filed its annual report on Form 20-F for the fiscal year ending December 31, 2024, with the SEC, and it is available on their website for shareholders to access.
Company Overview: Founded in 1959, Natuzzi is a leading luxury furniture brand with a global presence, committed to quality and sustainability, and certified in various environmental and safety standards.
Natuzzi Reports €74.4 Million in Q3 Sales, Down 0.8% Year-over-Year
- Sales Decline: Natuzzi reported net sales of €74.4 million in Q3 2025, down 0.8% from €75.0 million in Q3 2024, reflecting ongoing macroeconomic and geopolitical challenges that have suppressed consumer spending.
- Gross Margin Improvement: Despite the sales decline, gross margin improved to 36.0% from 31.8% in Q3 2024, primarily due to a better sales mix of higher-margin products and cost savings from rightsizing operations in China.
- Reduced Operating Loss: The operating loss for Q3 was €1.7 million, a significant improvement from a loss of €3.8 million in the same quarter last year, indicating effective cost control and operational optimization efforts by the company.
- Cash Flow Status: As of September 30, 2025, Natuzzi held €18.1 million in cash, down from €20.3 million at the end of 2024, primarily due to cash outflows from operating activities and insufficient cash inflows from investing activities to offset the decline.
Natuzzi Reports Q2 2025 Financial Performance
Financial Performance: Natuzzi S.p.A. reported total net sales of €78.3 million for 2Q 2025, a 7.2% decline from €84.4 million in 2Q 2024, with a gross margin decrease to 34.0% due to lower sales and production shifts.
Operating Loss and Restructuring: The company experienced an operating loss of €2.7 million, up from €0.4 million in the previous year, prompting the approval of a restructuring plan aimed at reducing fixed costs and improving efficiency.
Cash Position and Support: As of June 30, 2025, Natuzzi held €22.8 million in cash, bolstered by proceeds from asset sales, and received a €15 million interim credit line from its majority shareholder to support cash requirements during the restructuring.
Market Challenges: Ongoing geopolitical instability, a weak U.S. real estate market, and trade tensions have negatively impacted consumer confidence and demand, leading to lower store traffic and order intake, which may continue to affect operations.
Natuzzi S.p.A. Reveals Schedule for 2025 Second Quarter and First Half Financial Results and Conference Call
Financial Disclosure Announcement: Natuzzi S.p.A. will release its unaudited financial information for the second quarter and first half of 2025 on November 19, 2025, after the NYSE trading closes.
Conference Call Details: A conference call to discuss the financial results is scheduled for November 20, 2025, at 10:00 a.m. U.S. Eastern time, with options to join via phone or video link.
Replay Information: A replay of the conference call will be available approximately three hours after it ends, accessible until December 20, 2025, with specific dial-in numbers and access codes provided.
Company Overview: Founded in 1959, Natuzzi S.p.A. is a leading luxury furniture brand with a global retail network, committed to quality, environmental sustainability, and social responsibility, holding multiple ISO certifications.
Natuzzi Will Be Present at the Expo 2025 Osaka With Its Collections
Natuzzi's Partnership with Italy Pavilion: Natuzzi has been selected as an official partner for the Italy Pavilion at Expo 2025 Osaka, showcasing its Mediterranean lifestyle through iconic furniture designs inspired by the Renaissance Ideal City.
Commitment to Japanese Culture: With a long-standing presence in Japan, Natuzzi aims to enhance its engagement with diverse cultures and demonstrate respect for Japanese heritage during the Expo, while also emphasizing its commitment to quality and sustainability.
Annual General Shareholders' Meeting of Natuzzi S.p.A.
Financial Statements Approved: Natuzzi S.p.A. shareholders approved the company's financial statements for the fiscal year 2024 during the annual general meeting held on May 28, 2025.
New Board of Statutory Auditors Appointed: The shareholders appointed a new board of statutory auditors for the three-year period from 2025 to 2027, including Mr. Ferdinando Parente as chairman and other members.
Natuzzi Filed Its Annual Report on Form 20-F With the SEC
Annual Report Filing: Natuzzi S.p.A. has filed its annual report on Form 20-F for the fiscal year ending December 31, 2024, with the SEC, and it is available on their website for shareholders to access.
Company Overview: Founded in 1959, Natuzzi is a leading luxury furniture brand with a global presence, committed to quality and sustainability, and certified in various environmental and safety standards.
