Natuzzi Announces 2007 Outlook

April 6, 2007  by in UnCategorized   

By Home Furnishings Business in Leather Upholstery on April 2007 After reporting a 9.8 percent increase in revenues Monday, Natuzzi announced Tuesday that challenging business conditions will mean that its 2007 revenues will likely match the $924.2 million in revenues it posted during 2006.

In addition, the company said it expects a “break even (year) at net results level.” The company expects to invest nearly EUR 20 million in capital expenditures during the year. Based in Santeramo, Italy, is that country’s largest furniture manufacturer and sells its leather upholstered furniture in 123 countries around the world, including 125 stores it owns in Italy and 158 licensed stores elsewhere in the world.