Italian furniture group Natuzzi reported third quarter 2025 revenue of €74.4 million, a 0.8% decrease from €75 million in the same period last year, as ongoing macroeconomic headwinds and weak consumer confidence continued to constrain demand.
Gross margin improved to 36% of revenue, up from 31.8% in 3Q 2024, partly reflecting a better sales mix and the absence of severance-related costs that weighed on last year’s results.
The company recorded an operating loss of €1.7 million, compared with a €3.8 million loss in 3Q 2024, and net finance costs of €2.4 million, compared to €3.3 million a year earlier. Natuzzi reported a net loss of €5.1 million for the quarter, narrower than the €7.4 million loss in the prior period.
By brand segment, Natuzzi Italia sales rose, while Natuzzi Editions and unbranded business sales declined (Natuzzi Italia +18.2%; Natuzzi Editions -19.5%; unbranded -19.6%).
Cash and cash equivalents stood at €18.1 million as of September 30, 2025, down from €20.3 million at year-end. The company generated some liquidity from the sale of non-strategic assets, including real estate.
Outlook
Natuzzi reiterated that a challenging consumer environment, geopolitical uncertainty and trade duties continue to weigh on performance. The Board has convened a shareholders’ meeting to consider measures under Italian law after cumulative losses triggered capital reduction requirements. Management is advancing its ongoing restructuring plan and continues the search for a new CEO to lead the turnaround.
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