Natuzzi confirms turnaround with double-digit sales increase
19/05/2015
It follows a difficult three-year period in which sales plummeted and the company was forced to lay off close to 2,000 staff.
In the first quarter of 2015, turnover increased by 24.6% to €122.6 million.
CEO Pasquale Natuzzi said: “The actions we have taken to improve efficiency were aimed at reducing production complexity and re-engineering the production of the 120 best-selling models according to the logic of the new production process. Since April 2015, 80% of the product portfolio is manufactured through the moving line in all of our plants, representing an important step for the full recovery of competitiveness.
“The economic environment shows some recovery signs in several countries, but it is still premature to talk about short-term increase in consumption. Our manufacturing presence in three continents, the capillary distribution and retail network, the product range and, above all, the high awareness of the Natuzzi brand globally, will be the trigger points to continue to leverage growth.”
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