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.
NTZ
$2.395+Infinity%1D
Analyst Views on NTZ
About NTZ
Natuzzi S.p.A. (Natuzzi) is engaged in the design, manufacture and marketing of contemporary and traditional leather and fabric upholstered furniture. The Company designs, manufactures and sells a collection of couches, armchairs, home furniture and home accessories. The Company operates in two segments: Natuzzi brand and Softaly/Private label. The Natuzzi brand segment includes sales from the Natuzzi Italia, Natuzzi Re-vive and Natuzzi Editions product lines. It offers a range of upholstered furniture for sale, manufactured in production facilities located in Italy and abroad (Romania, Brazil and China). Private label includes its unbranded and Softaly products, and is marketed in North America, Europe, Brazil and Asia-Pacific through a selected number of customers. Natuzzi's range of products includes a collection of sofas and armchairs with particular styles, coverings and functions, with over two million combinations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
