Italian leather furniture manufacturer, Natuzzi, has reported a drop in sales for the fourth quarter and full year, due to “unfavourable currency conditions.”

Fourth-quarter 2004 net sales were €193.6 million ($ 251.5 million), a fall of 7.6% compared with the prior year's fourth quarter. During the same period, seats sold decreased by 7.8%. Annual net sales decreased 2.1% over 2003 to €753.4 million ($937.1 million), while seats sold slightly increased by 0.4%.

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