Italian furniture manufacturer Natuzzi reported a slight decline in third-quarter sales for 2025. Total net sales amounted to €74.4 million, down 0.8% from €75.0 million in the same period in 2024. The company experienced mixed results across its regions: sales in North America rose 4.7% to €25.2 million, while revenues in China fell sharply by 28.3% to €4.9 million. Sales in West and South Europe increased 2.9% to €22.7 million, whereas the Rest of the World segment declined 2.7% to €10.7 million. Revenues in emerging markets also fell by 4.8% to €9 million.
© Natuzzi
Despite the decline in sales, Natuzzi achieved an improvement in gross margin, which rose to 36.0% of revenue compared to 31.8% in Q3 2024, the previous year having been impacted by severance-related costs. However, the company still recorded a loss of €5.1 million for the quarter, slightly narrower than the €7.4 million loss in the same period last year. Management attributed the weaker-than-expected sales to continued consumer uncertainty, low store traffic, and the impact of U.S. trade duties, highlighting the challenging macroeconomic and geopolitical environment.
In response, Natuzzi is actively advancing a restructuring plan aimed at restoring efficiency and profitability across the Group. Preliminary guidelines include reducing fixed costs, increasing flexibility in production capacity, divesting non-strategic Italian assets, and outsourcing selected low value-added activities. At the same time, the company remains committed to investing in product innovation, design, marketing, and expanding opportunities through its Trade & Contract Division. Natuzzi continues to participate in international trade fairs, design shows, and targeted initiatives with real estate developers and designers to maintain the brand's positioning.
The search for a new CEO is also underway, with the goal of finding a leader capable of steering the company through this restructuring phase while ensuring long-term sustainability. Overall, Natuzzi's management remains focused on balancing operational efficiency, profitability, and brand development despite ongoing market challenges.
Source: www.bigfurnituregroup.com
