5 December 2022

Specialist leather furniture group Natuzzi has reported revenues of €352 million for the first nine months of 2022, writes Leatherbiz.

 

 

This figure represents an increase of 12.9% compared to the same period last year. Natuzzi pointed out that it also represents growth of 22.9% compared to the first nine months of the pre-pandemic year of 2019.

However, the group said sales had begun to dip in the second quarter of this year and that this negative trend was ongoing. It said footfall in its own stores was down and that retail partners through whom it also sells products were having to manage high levels of inventory.

Chairman, Pasquale Natuzzi, said on releasing the latest results that the group had been improved its operating model and that this had helped its financial performance, but he said the overall economic environment remained challenging, particularly for the furniture sector.

He said: “High inflation is reducing disposable income levels for consumers. This, together with geopolitical uncertainty, is leading consumers to postpone decisions to buy furniture.”

Mr Natuzzi said the group remained committed to the long-term plans it has in place for growth.

關於亞太區皮革展 ​

我們為皮革、物料及時裝業界創造面對面洽談的機會,爲客戶締造實質商機。我們雲集世界各地的商家,讓他們尋找新的合作伙伴,發掘潛在客戶或供應商,並掌握業界最新發展。

 

我們主辦多個專注時尚及生活潮流的商貿展覽會, 為這不斷變化的行業,提供最全面的買家及參展商服務,方便他們了解急速轉變的行業環境,並預測來季趨勢。

 

亞太區皮革展遵循英富曼的 Informa AllSecure 規定,提高新冠肺炎疫情後活動之健康和安全標準。

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