Natuzzi hit by low consumer confidence and raw material costs
Italian furniture manufacturer Natuzzi has posted lower sales for the first quarter ended March 31. Total net sales decreased 18.3% to €153.8 million from €188.2 million in the comparable period of 2006, whilst the number of seats sold fell 17%. Upholstery net sales declined 18.8% to €136 million, whilst other sales (principally living-room accessories and raw material produced by the group and sold to third parties) decreased 14.4% to €17.8 million.