Natuzzi nets record sales in Q1
The Italian leather furniture maker Industrie Natuzzi S.p.A. has announced record sales for the first quarter of 2001 on the back of continued strong revenue growth in the U.S. market.
Natuzzi's net sales increased 25.8 percent to ITL 396.3 billion ($175 million), compared to the first quarter of 2000. Net income for the first quarter increased 6.5% percent over the prior year's quarter to ITL 42.0 billion, or $ 20.0 million. Net income per ADR increased 9.9% to ITL 755, or $ 0.36.