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NTZ

Natuzzi S.p.A.

NTZ

Natuzzi S.p.A. • NYSE
$2.66 ▲ 10.27% (+0.25)
Market Cap $29.30 M
52w High $6.27
52w Low $2.15
Dividend Yield 0%
P/E -1.18
Volume 4.99K
Outstanding Shares 11.01M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2025 $78.1M ▲ $27.5M ▼ $-4.1M ▼ -5.25% ▼ $-0.37 ▼ $-1.7M ▼
Q4-2024 $74.897M ▼ $31.171M ▲ $-3.25M ▲ -4.339% ▲ $-0.3 ▲ $-873.75K ▼
Q3-2024 $75M ▼ $27.7M ▼ $-7.8M ▼ -10.4% ▼ $-0.7 ▼ $4.3M ▼
Q2-2024 $84.4M ▼ $32.6M ▲ $-2.4M ▼ -2.844% ▼ $-0.22 ▼ $6M
Q1-2024 $84.5M $31.887M $-1.7M -2.012% $-0.15 $6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2025 $22.5M ▲ $313.6M ▼ $260.3M ▼ $49M ▼
Q4-2024 $20.322M ▲ $319.024M ▲ $260.816M ▲ $54.006M ▼
Q3-2024 $17.1M ▼ $316.4M ▼ $255.7M ▼ $56.1M ▼
Q2-2024 $28.2M ▲ $336.9M ▼ $267.8M ▲ $64.5M ▼
Q1-2024 $26.4M $338.9M $267M $67.5M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2025 $-4.1M ▼ $-5.2M ▼ $5.8M ▲ $1M ▲ $1.006M ▼ $-5.2M ▼
Q4-2024 $0 $6.822M ▲ $1.077M ▲ $-5.66M ▼ $3.394M ▲ $1.613M ▲
Q3-2024 $0 $-4.6M ▼ $-1.8M ▲ $-3M ▲ $-10.2M ▼ $-4.6M ▼
Q2-2024 $0 ▲ $4.7M ▲ $-2.1M ▼ $-5.4M ▼ $-2.6M ▲ $4.7M ▲
Q1-2024 $-1.7M $-5.2M $-1.5M $1.3M $-5.173M $-6.7M

Five-Year Company Overview

Income Statement

Income Statement Natuzzi’s sales peaked a few years ago and have slipped back since, suggesting the post‑pandemic lift in furniture demand has faded. Profitability is very thin: the company usually hovers around break‑even at the operating level and has reported small net losses in most recent years. Gross profit has held reasonably steady relative to sales, but overhead costs absorb almost all of that margin, leaving little room for setbacks. Overall, this looks like a business with a solid revenue base but not yet a consistently profitable one, especially in a cyclical, discretionary category like furniture.

Balance Sheet

Balance Sheet The balance sheet is modest and fairly steady, but not especially strong. Total assets have edged down, cash reserves have been used, and equity has shrunk, indicating cumulative losses over time. Debt has stayed broadly similar, so leverage is rising relative to equity. This combination points to a company that is still solvent and operating normally, but with a thinner capital cushion and less room for prolonged weak performance without further balance sheet pressure.

Cash Flow

Cash Flow Cash generation is close to break‑even. Operating cash flow has fluctuated around zero, with only one clearly stronger year, which means the business is largely self‑funding but with a very narrow margin of safety. After routine investment in the business, free cash flow has been slightly negative in recent years. In practice, this means Natuzzi needs either small amounts of external funding or working‑capital improvements to support its investment and transformation efforts, and its ability to absorb shocks is limited.

Competitive Edge

Competitive Edge Natuzzi competes in a crowded, style‑driven global furniture market, but it does have recognizable strengths. The brand carries the “Made in Italy” cachet, supported by long experience in leather sofas and design‑led living room furniture. It combines a premium line (Natuzzi Italia) with a more accessible line (Natuzzi Editions), allowing it to serve both higher‑end and mid‑market customers. A wide network of branded stores and galleries gives it direct access to consumers and better control of the shopping experience. Vertical integration in manufacturing helps with quality and brand consistency, though it can also make the cost base less flexible in downturns. Overall, Natuzzi has a differentiated brand and distribution platform, but it operates in a cyclical, highly competitive space where pricing power is not absolute.

Innovation and R&D

Innovation and R&D Innovation at Natuzzi is more about design, customer experience, and materials than traditional lab‑style R&D. The company emphasizes comfort and wellness concepts, modular and multifunctional sofas, and ergonomic hero products like the Re‑vive armchair. It invests in collaborations with well‑known designers and has won design awards, supporting its image as a style leader. On the technology side, Natuzzi has experimented early with augmented‑reality showrooms using mixed‑reality headsets and data‑driven customer tools, aiming to make furniture selection more immersive and personalized. Sustainability is also built into product development, with recycled materials, lower‑impact fabrics, and certified wood. The main question is how reliably these innovations translate into better margins and steady sales growth, given the company’s still‑fragile profitability.

Summary

Natuzzi is a well‑known Italian furniture brand with real strengths in design, brand heritage, and a curated retail experience, but the financial picture shows a business still struggling to convert those advantages into stable, healthy profits. Revenue has softened from its recent peak, margins are thin, and net results have been slightly negative, which over time has eroded equity and reduced cash cushions. The company is actively differentiating through design innovation, digital showrooms, and sustainability, and it benefits from a global branded store network and vertical integration. At the same time, it operates in a cyclical, discretionary industry with intense competition, and its balance sheet and cash generation leave limited room for prolonged missteps. The key issues to watch are whether Natuzzi can use its innovation, brand, and distribution strengths to lift pricing power and operating efficiency enough to turn a design‑led story into a consistently profitable one.

NEWS

November 19, 2025 · 4:57 PM UTC

Natuzzi Announces Financial Results for the Second Quarter of 2025

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November 19, 2025 · 6:16 AM UTC

Natuzzi S.p.A. Announces Dates for Its 2025 Second Quarter and First Half Financial Information and Conference Call

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November 10, 2025 · 1:30 AM UTC

GENFIT Presents Promising New Preclinical Data on NTZ/G1090N for the Treatment of ACLF at The Liver Meeting® 2025

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