Natuzzi SpA Q3 2025 Earnings Call Highlights: Sales Growth Amidst Restructuring

Natuzzi SpA reported Q3 2025 earnings, with sales of Natuzzi Italia up 18% YoY. The company is undergoing a strategic restructuring, including closing the Shanghai factory and reshoring production to Italy. Despite marketing investments, overall store traffic is declining, and labor costs in Italy are limiting margin improvements. The company is pursuing government support to manage excess labor costs and aims to be profitable with a monthly turnover of EUR28-29 million.