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Revenue (Tables)
12 Months Ended
Dec. 31, 2022
Revenue [abstract]  
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

 

2022

 

 

2021

 

 

2020

 

Sale of upholstery furniture

 

 

398,768

 

 

 

373,936

 

 

 

280,210

 

Sale of home furnishing accessories

 

 

54,478

 

 

 

39,803

 

 

 

33,325

 

Sale of polyurethane foam

 

 

5,208

 

 

 

7,660

 

 

 

6,848

 

Sale of other goods

 

 

10,033

 

 

 

5,976

 

 

 

7,960

 

Total

 

 

468,487

 

 

 

427,375

 

 

 

328,343

 

 

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

 

2022

 

 

2021

 

 

2020

 

Europe, Middle East and Africa

 

 

215,596

 

 

 

197,584

 

 

 

165,025

 

Americas

 

 

165,453

 

 

 

157,373

 

 

 

99,383

 

Asia-Pacific

 

 

87,438

 

 

 

72,418

 

 

 

63,935

 

Total

 

 

468,487

 

 

 

427,375

 

 

 

328,343

 

 

Geographical location of customers

 

2022

 

 

2021

 

 

2020

 

United States of America

 

 

119,749

 

 

 

117,012

 

 

 

73,676

 

Italy

 

 

61,284

 

 

 

53,157

 

 

 

46,269

 

China

 

 

59,358

 

 

 

48,857

 

 

 

38,339

 

United Kingdom

 

 

55,300

 

 

 

45,864

 

 

 

36,463

 

Spain

 

 

16,037

 

 

 

15,864

 

 

 

13,039

 

Brazil

 

 

15,544

 

 

 

14,166

 

 

 

8,641

 

Canada

 

 

15,033

 

 

 

13,127

 

 

 

9,233

 

Mexico

 

 

10,594

 

 

 

7,509

 

 

 

4,829

 

Australia

 

 

9,864

 

 

 

6,335

 

 

 

6,867

 

Belgium

 

 

8,084

 

 

 

9,250

 

 

 

7,281

 

South Korea

 

 

6,150

 

 

 

7,574

 

 

 

7,151

 

Israel

 

 

5,804

 

 

 

5,236

 

 

 

3,997

 

Other countries (none greater than 5%)

 

 

85,686

 

 

 

83,424

 

 

 

67,238

 

Total

 

 

468,487

 

 

 

427,375

 

 

 

328,343

 

 

Distribution channels

 

2022

 

 

2021

 

 

2020

 

Wholesale (distributors and retailers)

 

 

386,421

 

 

 

359,021

 

 

 

274,070

 

Directly operated stores (end consumers)

 

 

82,066

 

 

 

68,354

 

 

 

54,273

 

Total

 

 

468,487

 

 

 

427,375

 

 

 

328,343

 

 

Brands

 

2022

 

 

2021

 

 

2020

 

Natuzzi Editions

 

 

213,481

 

 

 

203,849

 

 

 

152,452

 

Natuzzi Italia

 

 

191,624

 

 

 

156,977

 

 

 

115,155

 

Private label

 

 

48,141

 

 

 

52,922

 

 

 

45,928

 

Other

 

 

15,241

 

 

 

13,627

 

 

 

14,808

 

Total

 

 

468,487

 

 

 

427,375

 

 

 

328,343

 

 

 

Timing of revenue recognition

 

2022

 

 

2021

 

 

2020

 

Goods transferred at a point in time

 

 

467,255

 

 

 

426,200

 

 

 

326,705

 

Goods and services transferred over time

 

 

1,232

 

 

 

1,175

 

 

 

1,638

 

Total

 

 

468,487

 

 

 

427,375

 

 

 

328,343

 

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.

 

 

 

31/12/22

 

 

31/12/21

 

 

Trade receivables

 

 

39,056

 

 

 

41,259

 

 

Contract liabilities

 

 

24,150

 

 

 

28,202

 

 

Summary of Transaction Price Allocated to Remaining Performance Obligations

The transaction price allocated to the remaining performance obligations (partially unsatisfied) as at December 31, 2022 and 2021 is as follows:

 

 

 

31/12/22

 

 

31/12/21

 

 

Sale of the license for Natuzzi trademarks

 

 

 

 

 

 

 

Within a year

 

 

383

 

 

 

383

 

 

More than a year

 

 

5,577

 

 

 

5,960

 

 

Total

 

 

5,960

 

 

 

6,343

 

 

Sale of Natuzzi Display System

 

 

 

 

 

 

 

Within a year

 

 

849

 

 

 

1,009

 

 

More than a year

 

 

1,200

 

 

 

1,169

 

 

Total

 

 

2,049

 

 

 

2,178

 

 

Sale of Service-Type Warranties

 

 

 

 

 

 

 

Within a year

 

 

157

 

 

 

199

 

 

More than a year

 

 

249

 

 

 

276

 

 

Total

 

 

406

 

 

 

475