– Natuzzi, a leading global furniture brand, has reported a return to profitability in the first quarter of 2021.
– The Italian company marked net profits of €1.4 million, highlighting a significant turnaround from the losses of €11.2 million experienced in 2020’s first quarter.
– Natuzzi’s revenue for the period has also surged, reaching €88.1 million. It represents a 16.1% increase compared with the same period last year.
– Economic recovery in various markets and successful marketing strategies were attributed to the company’s resurgence.
– Natuzzi’s brick-and-mortar stores also enjoyed a boost, with 76 new stores opening worldwide, bringing the total to 546.
– Digital sales were also robust, experiencing a notable increase, though specific figures were not disclosed.
– The company is optimistic about the future, expecting continued growth driven by various factors, including the booming real estate market.

Natuzzi Returns to Profitability with an Impressive Q1 Performance

Direct Retail Proves Successful for Global Furniture Brand

Economic Recovery and Effective Marketing Strategies Drive Growth

What a comeback tale! Natuzzi, the Italian maestro of high-quality furniture, makes a smashing return to profitability in the first quarter of 2021. Rising like a phoenix, the brand raked in net profits of €1.4 million! Quite an exciting turnaround from an €11.2 million loss around this time last year. The big leap didn’t stop there – revenues for the period have also hiked up, dancing around the €88.1 million mark.

Brick-and-Mortar Stores Continue to Blossom

Natuzzi Adds 76 New Stores to its Global Count

With the world gradually recovering from the economic slowdown, Natuzzi’s physical stores saw a welcome boost. Seventy-six new stores sprung up across the globe, bringing the grand total to 546. These brand-new additions provide another success story for this legendary furniture brand.

Digital Sales Keep Up the Pace

Even on the digital front, the brand isn’t taking a breather. With strong growth reported in online sales, the company’s digital savvy is clear for all to see.

The company’s future looks as bright as a newly polished oak table. With a booming real estate market, a strong retail presence, and steady digital growth, Natuzzi is poised for continued expansion. So, here’s to Natuzzi’s stylish comeback – turning the tables around, one quarter at a time!

originial article https://www.furnituretoday.com/?p=318173

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