Natuzzi SPA (NTZ) has released an update.
Natuzzi S.p.A. reports a stable first quarter in 2024 with overall invoiced sales of €84.5 million, and a significant 13.6% increase in sales from directly operated stores, signaling a strong focus on direct retail, particularly in North America. Gross margin improved to 36.9%, and the company achieved an operating profit of €0.6 million, overcoming previous losses. The company is also investing in restructuring and upgrading its IT systems and factories to bolster competitiveness and margins amid challenging market conditions.
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