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From Home Furnishing Business

Natuzzi Announces 2007 Outlook

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 €œbreak 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.

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