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Revenue (Tables)

12 Months Ended

Dec. 31, 2023

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		2023				2022				2021
Sale of upholstery furniture			281,638				398,768				373,936
Sale of home furnishing accessories			38,199				54,478				39,803
Sale of polyurethane foam			2,509				5,208				7,660
Sale of other goods			6,272				10,033				5,976
Total			328,618				468,487				427,375

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		2023				2022				2021
Europe, Middle East and Africa			159,570				215,596				197,584
Americas			122,820				165,453				157,373
Asia-Pacific			46,228				87,438				72,418
Total			328,618				468,487				427,375


Geographical location of customers		2023				2022				2021
United States of America			87,250				119,749				117,012
Italy			39,037				61,284				53,157
United Kingdom			36,291				55,300				45,864
China			26,211				59,358				48,857
Brazil			14,498				15,544				14,166
Spain			11,634				16,037				15,864
Mexico			8,197				10,594				7,509
Canada			8,117				15,033				13,127
Australia			6,256				9,864				6,335
Belgium			5,302				8,084				9,250
United Arab Emirates			4,839				4,453				3,034
South Korea			3,518				6,150				7,574
Israel			3,371				5,804				5,236
Taiwan			3,326				329				2,342
Other countries (none greater than 5%)			70,771				80,904				78,048
Total			328,618				468,487				427,375


Distribution channels		2023				2022				2021
Wholesale (distributors and retailers)			255,507				386,421				359,021
Directly operated stores (end consumers)			73,111				82,066				68,354
Total			328,618				468,487				427,375


Brands		2023				2022				2021
Natuzzi Editions			176,600				213,481				203,849
Natuzzi Italia			119,323				191,624				156,977
Private label			23,914				48,141				52,922
Other			8,781				15,241				13,627
Total			328,618				468,487				427,375


Timing of revenue recognition		2023				2022				2021
Goods transferred at a point in time			327,316				467,255				426,200
Goods and services transferred over time			1,302				1,232				1,175
Total			328,618				468,487				427,375

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.


		31/12/23				31/12/22
Trade receivables			33,304				39,056
Contract liabilities			27,133				24,150

Summary of Transaction Price Allocated to Remaining Performance Obligations

The transaction price allocated to the remaining performance obligations (partially unsatisfied) as at December 31, 2023 and 2022 is as follows:


		31/12/23				31/12/22
Sale of the license for Natuzzi trademarks
Within a year			383				383
More than a year			5,194				5,577
Total			5,577				5,960
Sale of Natuzzi Display System
Within a year			813				849
More than a year			1,349				1,200
Total			2,162				2,049
Sale of Service-Type Warranties
Within a year			160				157
More than a year			257				249
Total			417				406