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Natuzzi

Italian furniture company

Natuzzi S.p.A. (NYSE: NTZ) is an Italian furniture company founded in 1959 by Pasquale Natuzzi, the group's executive board of directors' chairman. The company designs sofas, armchairs, living room accessories, and bedroom furniture. It is headquartered in Santeramo in Colle, Apulia, Italy.3 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1959Founded1

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  • TickerNTZ on NYSE1
  • Industryindustrial manufacturing1
  • HeadquartersSanteramo in Colle1
  • Founded inTaranto1
  • Websitewww.natuzzi.com
  • Legal formjoint-stock company1
  • Business addressVia Iazzitiello 47, Santeramo Italy5
  • Filer categoryNon-accelerated filer5
  • LEI815600CD168B21C008844
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressVIA IAZZITIELLO, 47, 70029 Santeramo In Colle, Italy4
  • Registered withInfocamere, 035137607224

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LaScala Sofa by Claudio Bellini for Natuzzi Italia
Photo: ClaudioBelliniDesign, CC BY-SA 4.0, via Wikimedia Commons7

Natuzzi S.p.A. (NYSE: NTZ) is an Italian furniture company founded in 1959 by Pasquale Natuzzi, the group's executive board of directors' chairman. The company designs sofas, armchairs, living room accessories, and bedroom furniture. It is headquartered in Santeramo in Colle, Apulia, Italy.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in EUR, the currency the company reports in.

Key numbers, fiscal 2024

36.3%Gross margin8
-2.0%Operating margin8
-4.8%Net margin8
-3.0%Revenue growth, 20248
-26.4%Return on equity8
0.24×Debt to equity8

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue64¢203.1M EUR
  • Other costs33¢104.8M EUR
  • Interest3¢10.2M EUR
  • Income tax0¢684.0K EUR

Out of 318.8M EUR in revenue.8 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Kept or used elsewhere100¢1.7M EUR

Out of 1.7M EUR of cash from operations.8

Financial statements

Revenue91011128318.8M EUR in 2024−26% since 2018
0200.0M EUR400.0M EUR600.0M EUR2018: 428.5M EUR428.5M EUR20182019: 387.0M EUR387.0M EUR2019−10%2020: 328.3M EUR328.3M EUR2020−15%2021: 427.4M EUR427.4M EUR2021+30%2022: 468.5M EUR468.5M EUR2022+10%2023: 328.6M EUR328.6M EUR2023−30%2024: 318.8M EUR318.8M EUR2024−3%
Gross profit91011128115.7M EUR in 2024−4% since 2018
050.0M EUR100.0M EUR150.0M EUR200.0M EUR2018: 120.3M EUR120.3M EUR20182019: 115.0M EUR115.0M EUR2019−4%2020: 103.2M EUR103.2M EUR2020−10%2021: 153.8M EUR153.8M EUR2021+49%2022: 164.3M EUR164.3M EUR2022+7%2023: 112.9M EUR112.9M EUR2023−31%2024: 115.7M EUR115.7M EUR2024+3%
Operating income91011128-6.3M EUR in 2024−75% since 2018
-30.0M EUR-20.0M EUR-10.0M EUR010.0M EUR2018: -25.5M EUR-25.5M EUR20182019: -22.5M EUR-22.5M EUR2019−12%2020: -10.6M EUR-10.6M EUR2020−53%2021: 4.9M EUR4.9M EUR20212022: 8.4M EUR8.4M EUR2022+73%2023: -9.5M EUR-9.5M EUR20232024: -6.3M EUR-6.3M EUR2024−34%
Net income91011128-15.4M EUR in 2024
-40.0M EUR-20.0M EUR020.0M EUR40.0M EUR2018: 33.1M EUR33.1M EUR20182019: -33.7M EUR-33.7M EUR20192020: -24.9M EUR-24.9M EUR2020−26%2021: 4.4M EUR4.4M EUR20212022: 1.3M EUR1.3M EUR2022−71%2023: -16.2M EUR-16.2M EUR20232024: -15.4M EUR-15.4M EUR2024−5%

Every line of the income statement as filed: the last 3 fiscal years, latest first.13

Period ending2025-12-312024-12-312023-12-31
Revenue308.2M EUR318.8M EUR328.6M EUR
Cost of sales-204.8M EUR-203.1M EUR-215.8M EUR
Gross Profit103.4M EUR115.7M EUR112.9M EUR
Other income9.6M EUR4.8M EUR7.1M EUR
Selling expenses-90.5M EUR-90.2M EUR-91.4M EUR
Administrative expenses-40.8M EUR-36.0M EUR-37.6M EUR
Impairment on trade receivables-46.0K EUR-289.0K EUR-33.0K EUR
Other expenses-497.0K EUR-260.0K EUR-457.0K EUR
Operating profit/(loss)-18.8M EUR-6.3M EUR-9.5M EUR
Finance income554.0K EUR829.0K EUR941.0K EUR
Finance costs-8.7M EUR-10.2M EUR-9.3M EUR
Net exchange rate gains/(losses)-2.2M EUR554.0K EUR-144.0K EUR
Net finance income/(costs)-10.4M EUR-8.8M EUR-8.5M EUR
Share of profit/(loss) of equity-method investees-371.0K EUR389.0K EUR2.9M EUR
Profit/(loss) before tax-29.6M EUR-14.7M EUR-15.1M EUR
Income tax expense-1.0M EUR-684.0K EUR-1.1M EUR
Profit/(loss) for the year-30.6M EUR-15.4M EUR-16.2M EUR
Owners of the Company-29.9M EUR-15.2M EUR-16.1M EUR
Non-controlling interests-659.0K EUR-232.0K EUR-93.0K EUR
Basic earnings/(loss) per ordinary share-0.54 EUR-0.28 EUR-0.29 EUR
Diluted earnings/(loss) per ordinary share-0.54 EUR-0.28 EUR-0.29 EUR

Compare Natuzzi with another company

Corporate structure

Natuzzi sits at the top of its group. 3 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Natuzzi Santeramo In Colle, Italy
    • Designer Sofas Subsidiary · Brent Cross, United Kingdom
    • ITALSOFA ROMANIA SRL Subsidiary · Baia Mare, Romania

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Natuzzi reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net74.2M EUR8 Dec 31, 202484.5M EUR8 Dec 31, 2023−12.2%
Operating-lease assets (leased space)44.4M EUR8 Dec 31, 202450.4M EUR8 Dec 31, 2023−12.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents20.3M EUR8 Dec 31, 202433.6M EUR8 Dec 31, 2023−39.5%

Inventory

ItemLatestA year beforeChange
Inventory, total62.8M EUR8 Dec 31, 202462.1M EUR8 Dec 31, 2023+1.2%

The story

Natuzzi was founded in 1959 in Taranto, Italy by Pasquale Natuzzi. The company began industrial production of sofas and armchairs in 1967. In 1972, Natuzzi Salotti S.r.l. was founded. One year later, production was moved to Santeramo in Colle, where the Natuzzi Group's headquarters is currently located.

In 1985, Natuzzi Upholstery Inc., a subsidiary of Natuzzi S.p.A., was established. In 1998, a new building, designed by the architect Mario Bellini, was inaugurated in High Point, North Carolina.

From Wikipedia’s article on Natuzzi, shared under CC BY-SA 4.0.6

Leadership

Who has led Natuzzi, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ottavio Milano2026–now
  2. Pasquale Natuzzi2026–now

Chief financial officer

  1. Carlo Silvestri2026–now
  2. Daniele Alessandro Casone2026–now

Chief operating officer

  1. David Workman2026–now
197019801990200020102020
Board members and other officers (22)

Products and brands

  • furniture

Listed on Wikidata.1

Natuzzi Italia

Natuzzi Italia is the luxury brand of Natuzzi Group. It markets its products through Natuzzi Store and Natuzzi Gallery.

Natuzzi Editions

Natuzzi Editions provides upholstery and furnishings.

Softaly

Softaly is the private label brand of Natuzzi.

From Wikipedia’s article on Natuzzi, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Former names

  • NATUZZI INDUSTRIES SPAFeb 20, 1998 to Sep 5, 20025

Timeline

  1. Mar 17, 2026New chief executive Pasquale Natuzzi becomes CEO16
  2. Mar 17, 2026New chief executive Ottavio Milano becomes CEO15
  3. 1959Founded Founded in Taranto1

Filings

99 filings to the SEC since October 2021: 5 annual reports, 28 insider forms, 66 other. The latest 20:

  1. Sep 28, 20263 EDGAR
  2. Sep 14, 20266-K EDGAR
  3. Sep 11, 20266-K EDGAR
  4. Aug 27, 20266-K EDGAR
  5. Aug 20, 20266-K EDGAR
  6. Aug 10, 20266-K EDGAR
  7. Aug 5, 20266-K EDGAR
  8. Aug 4, 20266-K EDGAR
  9. May 29, 20266-K EDGAR
  10. May 22, 20266-K EDGAR
  11. May 15, 20266-K EDGAR
  12. May 15, 20266-K EDGAR
  13. May 15, 202620-F EDGAR
  14. May 1, 20266-K EDGAR
  15. May 1, 2026NT 20-F EDGAR
  16. Mar 17, 20263 EDGAR
  17. Mar 17, 20263 EDGAR
  18. Mar 17, 20263 EDGAR
  19. Mar 17, 20263 EDGAR
  20. Mar 17, 20263 EDGAR

The 99 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Natuzzi is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNATUZZI S P A2
  • CIK0000900391
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company41
  • Incorporated inItaly41
  • Fiscal year endsDecember 312
  • Industry code (SIC)2510 Household Furniture2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business addressVia Iazzitiello 47, Santeramo Italy, Italy2
  • Mailing addressVia Iazzitiello 47, Santeramo Italty, Italy2
  • Phone999-999-99992
  • Shares outstanding55,073,045 shares as of Dec 31, 202541
  • AuditorPricewaterhouseCoopers S.p.A. (“PWC”), Milan, Italy PCAOB ID 30; it also attests to the company’s internal control over financial reporting41
  • On EDGAR sinceFeb 20, 19982
  • Filings392 in all: 6-K (257), SC 13G/A (32), 3 (28), 20-F (25), SC 13G (15), UPLOAD (12), CORRESP (9), 20-F/A (5)2
    All 14 form types

    NT 20-F (2), S-8 (2), SC 13D/A (2), CT ORDER (1), NT 20-F/A (1), SC 13D (1)

  • Latest filingsAnnual report (20-F) May 15, 2026

Securities registered for trading

ClassSymbolExchange
American Depositary Shares, each representing five Ordinary SharesNTZNew York Stock Exchange

From the cover page of the 20-F filed May 15, 2026 (Section 12(b) of the Exchange Act).41

Sources

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