Business Wire
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2025 – First Quarter Results
1Q 2025: Highlights
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Total net sales amounted to €78.1 million, down 7.6% from €84.5 million in 1Q 2024.
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Gross margin was 34.1%, compared to 36.9% in 1Q 2024, primarily due to the transition phase of the planned production shift of Natuzzi Editions for the North American market from China to Italy.
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In 1Q 2025, we had an operating loss of (€0.8) million, compared to a profit of €0.6 million in 1Q 2024.
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Net finance costs were (€2.9) million, compared to net finance costs of (€2.2) million in 1Q 2024, also due to unfavorable currency movements on trade receivables and payables.
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During 1Q 2025, we invested €1.9 million, primarily to upgrade the Group’s Italian factories.
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As of March 31, 2025, we held €22.5 million in cash, from €20.3 million as of December 31, 2024. Proceeds from extraordinary transactions, notably the sale of the building in High Point, more than offset operating cash outflows.
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Store traffic and written orders are below expectations, due to a generalized decline in consumer confidence. This may adversely affect our results of operations at least in the first part of the current year, subject to the Cautionary Statement included herein.
SANTERAMO IN COLLE, Bari, Italy, July 02, 2025–(BUSINESS WIRE)–Natuzzi S.p.A. (NYSE: NTZ) (“we”, “Natuzzi” or the “Company” and, together with its subsidiaries, the “Group”), one of the most renowned brands in the production and distribution of design and luxury furniture, today reported its unaudited financial information for the first quarter ended March 31, 2025.
Pasquale Natuzzi, Executive Chairman of the Group, commented: “The markets in which we operate have not shown those signs of improvement we expected. The business environment has been further affected by the introduction of U.S. trade duties on April 2nd, the perduring Russia-Ukraine conflict, and, more recently, the escalation of tensions in the Middle East. In this context we have intensified our efforts to support commercial deployment.
We continue to implement our Brand commercial strategy that integrates collections, marketing and customer experience, while closely monitoring its effectiveness in a challenging market environment. The brand guidelines have now been centrally codified to accelerate their global and consistent roll-out.
This year marked our return to the Salone del Mobile Fair in Milan, after a five-year absence that coincided with the pandemic and post-pandemic period. At the Milan Fair, we unveiled the new Natuzzi Editions collections: “Feelwell”, “Dolcevita”, and “Neo Heritage”. During the Milan Design Week, we also presented the Natuzzi Italia “Comfortness” and “Circle of Harmony” collections, which reflect our evolution into a global lifestyle brand, true to our heritage. Natuzzi Italia collections have been enriched through collaborations with international designers such as Andrea Steidl, Karim Rashid, Marcantonio, and Mauro Lipparini. For both Natuzzi Italia and Natuzzi Editions, the new collections have been supported by tailored, high-quality marketing campaigns.
