Sateramo In Colle, Italy-based Natuzzi, Italy’s largest furniture manufacturer, has released its financial results for the third quarter.

For the three months ended September 30 2003, the company posted profits of $68.4 million, a 5.4% increase on the year before.  Net sales edged up 1.2% to $196 million with leather-upholstered furniture accounting for $135.6 million of the total, an 11.3% decrease on the year before.  By contrast, fabric upholstered furniture sales came in at $30.8 million, 25% up compared with the third quarter 2002.

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