News

Sales down 20% at Natuzzi

01/10/2009

Italy-based leather-upholstered furniture company Natuzzi SpA has posted lower sales for the second quarter and the first six months of 2009.

Net sales during the second quarter fell 20.8% to EUR133.6 million compared with EUR168.8 million during the same quarter last year. According to the company, the decline was primarily caused by the general economic downturn, particularly in the US. However, second quarter sales rose 20.1% compared with the first quarter, totalling EUR111.3 million.

To continue reading this story, please sign in or register.