Natuzzi's sales increase in Q1
Italy-based leather-upholstered furniture maker Natuzzi S.p.A has reported a 13% increase in sales for the first quarter ended March 31. Total net sales increased to €188.2 million ($226.5 million) from €166.6 million ($218.4 million) in the first quarter of 2005. During the same period the total number of seats sold increased by 6.1%.
During the first three months of 2006, upholstery net sales were €167.4 million, ($201.4 million), up 14.3% from the €146.4 million ($192 million) reported for the comparable period last year. Other sales (principally living-room accessories and raw materials produced by the company and sold to third parties) increased by 3% €20.8 million ($25 million).
Net sales in the
Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. designs and manufactures a wide collection of leather-upholstered residential furniture.