SANTERAMO IN COLLE, Bari, Italy–(BUSINESS WIRE)–The Board of Directors of Natuzzi S.p.A. (NYSE:NTZ) has approved the
Full Year 2016 consolidated results.
Consolidated net sales in 2016 were 457.2 million, down 6.4% from
488.5 million in 2015. Under constant exchange rates, net sales would
have declined by 4.9%.
Natuzzis core business (sofas, beds and furnishings) reached 431.7
million, down 5.9% from 458.7 million reported in 2015. Branded
revenues fell by 4.0%, while private label fell by 10.6%.
Within the core business, furnishings sales grew by 6.5% and now
represent 20.0% of Natuzzi Italia branded sales. This
demon…
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