Natuzzi S.p.A. reports 7.2% drop in second-quarter net sales to €78.3 million
Natuzzi S.p.A. reported unaudited financial results for the second quarter of 2025. Total net sales were €78.3 million, down 7.2% from €84.4 million in the same period of 2024. Gross margin decreased to 34.0% of revenue from 38.1% in 2Q 2024, mainly due to lower sales and the planned production shift of Natuzzi Editions for the North American market from China to Italy. The company registered an operating loss of €2.7 million compared to an operating loss of €0.4 million in 2Q 2024. Net finance costs were €3.2 million, up from €2.0 million in the previous year, primarily due to unfavorable currency movements. Net loss attributable to owners of the company was €6.0 million, compared to €2.4 million in 2Q 2024. During the quarter, Natuzzi invested €4.3 million, mainly to upgrade its Italian factories. Natuzzi Italia invoiced sales fell by 12.1% to €28.8 million, while Natuzzi Editions sales rose by 1.5% to €34.3 million. Divani & Divani by Natuzzi sales declined by 15.1% to €8.3 million. The operating environment was affected by geopolitical instability, a weak US real estate market, a strengthening euro, high interest rates, and trade tensions.
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