Natuzzi has reported its financial information for the first quarter ended March 31, 2024. Pasquale Natuzzi, Chairman of the Group, comments: 'Our business is still confronting difficult market conditions alongside cautious customer behaviour.'
1Q 2024 consolidated revenue amounted to €84.5 million, compared to €86.1 million in 1Q 2023. 1Q 2024 continued to be affected by the persisting macroeconomic and industry-specific challenges, resulting in a reduced consumers' spending capacity and postponement of durable purchases. Excluding 'other sales' of €2.1 million, 1Q 2024 invoiced sales from upholstered and other home furnishings products amounted to €82.4 million, compared to €84.0 million in 1Q 2023.
During the first three months 2024, the Group distributed its branded collections in 89 countries. The division of stores can be found below:
Table: Natuzzi Group.
More information:
Natuzzi
www.natuzzi.com
