Natuzzi reports continued growth in second quarter

Italy
Published:  27 September, 2021
Credit: Natuzzi

The Italian premium leather furniture maker saw an operating profit of €1.5 million in Q2, a drastic change from a loss of €7.7 million in 2020, despite increased transportation and import costs.

The company reported a gross margin of 36.2% in the second quarter of this financial year, up from 26.1% in 2020 and 27.9% in 2019.

Although there was growth across the board, Natuzzi saw particular increases in Europe and the U.S., with invoiced sales in North America increasing by 92.2% compared to Q2 2020 and by 32.2% compared with Q2 2019.

Source: Business Wire