Sales improve at Natuzzi
Italian manufacturer of leather and fabric upholstered furniture Natuzzi S.p.A. has posted improved results for the fourth quarter of 2006.
Total net sales increased 1.3% at €193.1 million from €190.6 million in the comparable quarter of 2005, although the number of units sold decreased 2.9%. Upholstery net sales improved slightly to €174.2 million from €173 million whilst other sales (principally living-room accessories and raw material produced by the company and sold to third parties) increased 7.4% to €18.9 million from €17.6 million. Leather upholstered furniture net sales increased 3.5% to reach €152.5 million from €147.4 million, whilst fabric upholstered net sales decreased 15.2% to €21.7 million.
For the full year, net sales increased 9.8% to €735.5 million, from €669.9 million.