Corrected: Italy's Natuzzi Q1 revenue falls on weak demand, co launches restructuring plan

Natuzzi SpA

05/08/2026 22:29

Corrects to Q1 from Q2 in KD table

Overview
Italy luxury furniture maker's Q1 revenue fell 24% yr/yr amid challenging market conditions
Company posted wider operating loss and cited weak demand, geopolitical instability, and soft housing market
Natuzzi launched restructuring plan with plant closures, voluntary exits, and production relocation to Romania

Outlook
Company says challenging market conditions and weak demand may continue to affect future results
Natuzzi is implementing restructuring measures to reduce costs and align operations with current demand
Company continues to review its retail network and may pursue further store disposals and closures

Result Drivers
WEAK DEMAND - Co said persistently challenging market conditions, including weak consumer confidence, geopolitical instability, and a soft housing market, reduced sales across brands and regions
FIXED COST ABSORPTION - Lower delivered sales led to less efficient absorption of industrial fixed costs, reducing gross margin
RESTRUCTURING ACTIONS - Co launched restructuring plan with plant closures, voluntary exits, and production relocation to Romania to reduce cost base and align with demand

Company press release: ID:nBwb7p1wGa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
EUR 59.50 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)