Natuzzi declares H1 & Q2 financial results

08 Sep '05

2 min read

Leather upholstery leader Natuzzi S.p.A announced financial results for the second quarter and first half 2005.

NET SALES
Natuzzi 2005 second quarter net sales decreased to EUR 165.6 million, or $208.5 million, down by 18.3 percent from EUR 202.6 million, or $244.1 million, over the same comparable quarter of 2004. During the same period total seats sold decreased 15.4 percent. Considering the six-month period, net sales were down by 15.8 percent at EUR 332.1 million, or $426.7 million, and total seats sold by 14.2 percent.

Click Here to read further details of Q2 & H1 results:

Italy's largest furniture manufacturer, Natuzzi is the global leader in the leather segment, exporting its innovative, high-quality sofas and armchairs to 135 markets on 5 continents. Cutting-edge design, superior Italian craftsmanship, and advanced, vertically-integrated manufacturing operations underpin the Company's market leadership.

Since 1990, Natuzzi has sold its furnishings in Italy through the popular Divani and Divani by Natuzzi chain of 137 stores, which it licenses to qualified furniture dealers. Outside Italy, the Company sells to various furniture retailers, as well as through 134 licensed Divani and Divani by Natuzzi and Natuzzi stores and 6 Kingdom of Leather stores.

Italy based leather sofas producer Natuzzi S.p.A. was listed on the New York Stock Exchange on May 13, 1993. The Company is ISO 9001 and 14001 certified.

Natuzzi S.p.A

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