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Revenue (Tables)
12 Months Ended
Dec. 31, 2024
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

 

2024

 

 

2023

 

 

2022

 

Sale of upholstery furniture

 

 

272,935

 

 

 

281,638

 

 

 

398,768

 

Sale of home furnishing accessories

 

 

37,610

 

 

 

38,199

 

 

 

54,478

 

Sale of polyurethane foam

 

 

1,932

 

 

 

2,509

 

 

 

5,208

 

Sale of other goods

 

 

6,320

 

 

 

6,272

 

 

 

10,033

 

Total

 

 

318,797

 

 

 

328,618

 

 

 

468,487

 

 

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

 

2024

 

 

2023

 

 

2022

 

Europe, Middle East and Africa

 

 

153,033

 

 

 

159,570

 

 

 

215,596

 

Americas

 

 

125,063

 

 

 

122,820

 

 

 

165,453

 

Asia-Pacific

 

 

40,702

 

 

 

46,228

 

 

 

87,438

 

Total

 

 

318,797

 

 

 

328,618

 

 

 

468,487

 

 

Geographical location of customers

 

2024

 

 

2023

 

 

2022

 

United States of America

 

 

90,921

 

 

 

87,250

 

 

 

119,749

 

Italy

 

 

47,509

 

 

 

39,037

 

 

 

61,284

 

United Kingdom

 

 

32,252

 

 

 

36,291

 

 

 

55,300

 

China

 

 

22,178

 

 

 

26,211

 

 

 

59,358

 

Spain

 

 

13,534

 

 

 

11,634

 

 

 

16,037

 

Brazil

 

 

13,516

 

 

 

14,498

 

 

 

15,544

 

Mexico

 

 

9,913

 

 

 

8,197

 

 

 

10,594

 

Canada

 

 

7,275

 

 

 

8,117

 

 

 

15,033

 

Australia

 

 

5,723

 

 

 

6,256

 

 

 

9,864

 

Belgium

 

 

4,605

 

 

 

5,302

 

 

 

8,084

 

Israel

 

 

3,514

 

 

 

3,371

 

 

 

5,804

 

South Korea

 

 

3,395

 

 

 

3,518

 

 

 

6,150

 

United Arab Emirates

 

 

3,181

 

 

 

4,839

 

 

 

4,453

 

Other countries (none greater than 5%)

 

 

61,281

 

 

 

74,097

 

 

 

81,233

 

Total

 

 

318,797

 

 

 

328,618

 

 

 

468,487

 

 

Distribution channels

 

2024

 

 

2023

 

 

2022

 

Wholesale (distributors and retailers)

 

 

242,667

 

 

 

255,507

 

 

 

386,421

 

Directly operated stores (end consumers)

 

 

76,130

 

 

 

73,111

 

 

 

82,066

 

Total

 

 

318,797

 

 

 

328,618

 

 

 

468,487

 

 

 

Brands

 

2024

 

 

2023

 

 

2022

 

Natuzzi Editions

 

 

167,416

 

 

 

176,600

 

 

 

213,481

 

Natuzzi Italia

 

 

120,487

 

 

 

119,323

 

 

 

191,624

 

Private label

 

 

22,639

 

 

 

23,914

 

 

 

48,141

 

Other

 

 

8,255

 

 

 

8,781

 

 

 

15,241

 

Total

 

 

318,797

 

 

 

328,618

 

 

 

468,487

 

 

Timing of revenue recognition

 

2024

 

 

2023

 

 

2022

 

Goods transferred at a point in time

 

 

318,250

 

 

 

327,316

 

 

 

467,255

 

Goods and services transferred over time

 

 

547

 

 

 

1,302

 

 

 

1,232

 

Total

 

 

318,797

 

 

 

328,618

 

 

 

468,487

 

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.

 

 

 

31/12/24

 

 

31/12/23

 

Trade receivables

 

 

32,819

 

 

 

33,304

 

Contract liabilities

 

 

30,373

 

 

 

27,133

 

Summary of Transaction Price Allocated to Remaining Performance Obligations

The transaction price allocated to the remaining performance obligations (partially unsatisfied) as at December 31, 2024 and 2023 is as follows:

 

 

 

31/12/24

 

 

31/12/23

 

Sale of the license for Natuzzi trademarks

 

 

 

 

 

 

Within a year

 

 

383

 

 

 

383

 

More than a year

 

 

4,811

 

 

 

5,194

 

Total

 

 

5,194

 

 

 

5,577

 

Sale of Natuzzi Display System

 

 

 

 

 

 

Within a year

 

 

851

 

 

 

813

 

More than a year

 

 

1,311

 

 

 

1,349

 

Total

 

 

2,162

 

 

 

2,162

 

Sale of Service-Type Warranties

 

 

 

 

 

 

Within a year

 

 

179

 

 

 

160

 

More than a year

 

 

260

 

 

 

257

 

Total

 

 

439

 

 

 

417