Italy's Natuzzi's Q3 revenue dips
Overview
Italy luxury furniture maker's Q3 revenue fell 0.8% yr/yr due to weak consumer demand
Company's gross margin improved to 36.0% of revenue, from 31.8% in Q3 2024
Operating loss narrowed to €1.7 mln from €3.8 mln in Q3 2024
Outlook
Natuzzi is advancing discussions for a restructuring plan to restore efficiency
Company is investing in product innovation and marketing to enhance brand positioning
Result Drivers
GROSS MARGIN IMPROVEMENT - Co improved gross margin to 36.0% from 31.8% in 3Q 2024 due to better sales mix and cost savings from rightsizing Chinese operations
WEAK CONSUMER DEMAND - Co said store traffic and written orders remain below expectations due to weak consumer confidence and U.S. trade duties
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| € 74.40 mln |
|
Q3 Net Income |
| -€ 5.10 mln |
|
Q3 Gross Profit |
| € 26.80 mln |
|
Q3 Operating Income |
| -€ 1.70 mln |
|
Q3 Pretax Profit |
| -€ 4.30 mln |
|
Press Release: ID:nBw9SbSS0a
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