Revenue (Tables)

12 Months Ended

Dec. 31, 2020

Disaggregation of Revenue from Contracts with Customers

In the following tables, revenue from contracts with customers are disaggregated by types of goods, primary geographical markets, geographical location of customers, distribution channels, brands and timing of revenue recognition.

Types of goods	2020		2019		2018
Sale of upholstery furniture		280,210		329,162		365,346
Sale of home furnishing accessories		33,325		39,623		41,733
Sale of polyurethane foam		6,848		9,665		14,958
Sale of other goods		7,960		8,512		6,502
Total		328,343		386,962		428,539

The sale of upholstery furniture includes the following categories: stationary furniture (sofas, loveseats and armchairs), sectional furniture, motion furniture, sofa beds and occasional chairs, including recliners and massage chairs.

Geographical markets	2020		2019		2018
Europe, Middle East and Africa		165,025		183,794		212,481
Americas		99,383		137,665		137,452
Asia-Pacific		63,935		65,503		78,606
Total		328,343		386,962		428,539

Geographical location of customers	2020		2019		2018
United States of America		73,676		97,723		94,393
Italy		46,269		48,557		53,261
China		38,339		39,258		47,099
United Kingdom		36,463		39,416		43,501
Spain		13,039		14,846		17,334
Canada		9,233		18,355		17,371
Brazil		8,641		12,120		16,332
Belgium		7,281		7,809		8,682
South Korea		7,151		5,626		8,232
Australia		6,867		8,668		9,903
Germany		5,984		7,234		11,455
France		5,975		8,493		11,179
Japan		5,320		4,829		4,996
Other countries (none greater than 5%)		64,105		74,028		84,801
Total		328,343		386,962		428,539

Distribution channels	2020		2019		2018
Wholesale (distributors and retailers)		274,070		320,263		365,499
Directly operated stores (end consumers)		54,273		66,699		63,040
Total		328,343		386,962		428,539

Brands	2020		2019		2018
Natuzzi Editions		152,452		160,136		167,925
Natuzzi Italia		115,155		135,500		144,953
Private label		45,928		73,149		94,201
Other		14,808		18,177		21,460
Total		328,343		386,962		428,539

Timing of revenue recognition	2020		2019		2018
Goods transferred at a point in time		326,705		385,510		427,493
Goods and services transferred over time		1,638		1,452		1,046
Total		328,343		386,962		428,539

Disclosure Of Information About Receivables And Contract Liabilities From Contracts With Customers Explanatory

The following table provides information about receivables and contract liabilities from contracts with customers.

	31/12/20		31/12/19
Trade receivables		33,934		29,187
Trade receivables included in “assets held for sale”		1,304		—
Contract liabilities		24,183		23,103

Summary of Transaction Price Allocated to Remaining Performance Obligations

The transaction price allocated to the remaining performance obligations (partially unsatisfied) as at December 31, 2020 and 2019 is as follows:

	31/12/20		31/12/19
Sale of the license for Natuzzi trademarks
Within a year		383		383
More than a year		6,343		6,725
Total		6,726		7,108
Sale of Natuzzi Display System
Within a year		1,183		1,416
More than a year		1,430		1,953
Total		2,613		3,369
Sale of Service-Type Warranties
Within a year		266		394
More than a year		260		411
Total		526		805