Natuzzi Q2 revenue falls 23.4% to €60 million as operating loss widens

• Natuzzi (NYSE:NTZ) reported second-quarter 2026 net sales of €60 million, down 23.4% from €78.3 million a year earlier, amid weak furniture demand and disappointing store traffic.
• Gross margin declined to 29.6% from 34.0%, while the operating loss widened to €10.0 million from €2.7 million as lower production volumes increased pressure from fixed costs.
• Natuzzi reported €18.9 million in cash at June 30, received €3 million in shareholder support in October and appointed Aldo Uva as CEO effective October 26, while its NYSE delisting appeal remains unresolved.

Natuzzi (NYSE:NTZ) reported second-quarter 2026 net sales of €60 million, down 23.4% year over year, reflecting persistent weakness in furniture demand.

Gross margin fell to 29.6% from 34%, while the operating loss widened to €10 million from €2.7 million in the prior-year quarter.

Chairman Pasquale Natuzzi attributed the deterioration to lower production volumes, underutilized factories, inefficient production allocation and a fixed-cost structure exceeding current business requirements.

The company reported €18.9 million in cash at June 30, while first-half revenue declined to €119.5 million and the operating loss reached €12 million.

Natuzzi signed a preliminary agreement in September to sell a non-strategic Italian industrial asset as part of efforts to streamline operations and improve financial flexibility.

Its majority shareholder provided €3 million in October toward a future capital increase, with up to €5 million in additional support potentially available under restructuring arrangements.

The company appointed Aldo Uva as chief executive officer effective October 26, while seeking a review of the New York Stock Exchange's decision to delist its shares.