NYSE : NTZ
Natuzzi S.p.A. — Financial statements
Consumer Discretionary · Furnishings, Fixtures & Appliances · Italy
Last price 1 USD (At close: Aug 25, 2026) · Market cap 11.01M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Natuzzi S.p.A. (NTZ) reported revenue of 289.62M EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 289.62M | 308.22M | 318.80M | 328.62M | 468.49M | 427.38M |
| Cost of Revenue | 189.81M | 201.41M | 198.59M | 215.76M | 304.15M | 273.57M |
| Gross Profit | 99.81M | 106.81M | 120.20M | 112.86M | 164.33M | 153.80M |
| Selling, General & Admin | 119.90M | 121.80M | 123.86M | 126.99M | 157.97M | 151.94M |
| Other Operating Expenses | -5.23M | -1.43M | -1.68M | -1.79M | -1.22M | 177.00K |
| Operating Expenses | 114.72M | 120.42M | 122.47M | 125.23M | 157.07M | 152.23M |
| Operating Income | -14.91M | -13.61M | -2.27M | -12.38M | 7.26M | 1.57M |
| Interest Expense | -6.50M | -6.70M | -7.84M | -7.11M | -6.47M | -4.72M |
| Interest & Investment Income | 654.00K | 554.00K | 829.00K | 941.00K | 868.00K | 225.00K |
| Earnings From Equity Investments | 129.00K | -371.00K | 389.00K | 2.90M | 356.00K | 3.56M |
| Currency Exchange Gain (Loss) | -2.43M | -2.23M | 554.00K | -144.00K | 2.43M | 1.87M |
| Other Non Operating Income (Expenses) | -1.99M | -1.99M | -2.36M | -2.16M | -2.07M | -2.07M |
| EBT Excluding Unusual Items | -25.05M | -24.35M | -10.70M | -17.95M | 2.37M | 437.00K |
| Merger & Restructuring Charges | -2.20M | -2.20M | -4.50M | |||
| Gain (Loss) on Sale of Assets | 4.52M | 4.52M | 3.00K | 4.00K | 157.00K | 7.13M |
| Asset Writedown | -8.23M | -8.23M | -441.00K | -3.00K | -890.00K | -1.19M |
| Legal Settlements | 698.00K | 698.00K | 935.00K | 2.88M | 1.29M | 580.00K |
| Other Unusual Items | 635.00K | 1.81M | ||||
| Pretax Income | -30.26M | -29.56M | -14.70M | -15.07M | 3.56M | 8.77M |
| Income Tax Expense | 1.04M | 1.04M | 684.00K | 1.09M | 2.27M | 4.39M |
| Earnings From Continuing Operations | -31.29M | -30.59M | -15.38M | -16.16M | 1.29M | 4.38M |
| Minority Interest in Earnings | 1.06M | 659.00K | 232.00K | 93.00K | -1.83M | -800.00K |
| Net Income | -30.23M | -29.93M | -15.15M | -16.07M | -540.00K | 3.58M |
| Net Income to Common | -30.23M | -29.93M | -15.15M | -16.07M | -540.00K | 3.58M |
| Shares Outstanding (Basic) | 11.01M | 11.01M | 11.01M | 11.01M | 10.98M | 10.97M |
| Shares Outstanding (Diluted) | 11.01M | 11.01M | 11.01M | 11.01M | 10.98M | 10.97M |
| EPS (Basic) | -2.74 | -2.72 | -1.38 | -1.46 | -0.05 | 0.33 |
| EPS (Diluted) | -2.74 | -2.72 | -1.40 | -1.46 | -0.05 | 0.33 |
| Free Cash Flow | -18.50M | -10.70M | -3.49M | -7.09M | 10.28M | -2.98M |
| Free Cash Flow Per Share | -1.68 | -0.97 | -0.32 | -0.64 | 0.94 | -0.27 |
| Gross Margin | 34.46% | 34.65% | 37.70% | 34.34% | 35.08% | 35.99% |
| Operating Margin | -5.15% | -4.41% | -0.71% | -3.77% | 1.55% | 0.37% |
| Profit Margin | -10.44% | -9.71% | -4.75% | -4.89% | -0.11% | 0.84% |
| Free Cash Flow Margin | -6.39% | -3.47% | -1.09% | -2.16% | 2.19% | -0.70% |
| EBITDA | -5.88M | -4.56M | 6.86M | -2.02M | 17.07M | 11.24M |
| EBITDA Margin | -2.03% | -1.48% | 2.15% | -0.62% | 3.65% | 2.63% |
| D&A For EBITDA | 9.03M | 9.05M | 9.13M | 10.35M | 9.82M | 9.66M |
| EBIT | -14.91M | -13.61M | -2.27M | -12.38M | 7.26M | 1.57M |
| EBIT Margin | -5.15% | -4.41% | -0.71% | -3.77% | 1.55% | 0.37% |
| Effective Tax Rate | 63.83% | 50.02% | ||||
| Advertising Expenses | 6.56M | 6.50M | 6.57M | 6.85M | 6.23M |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 9.10M | 20.32M | 20.32M | 33.61M | 54.48M | 53.47M |
| Cash & Short-Term Investments | 9.10M | 20.32M | 20.32M | 33.61M | 54.48M | 53.47M |
| Accounts Receivable | 32.51M | 32.82M | 33.30M | 39.06M | 41.26M | |
| Other Receivables | 13.44M | 13.61M | 15.22M | 18.47M | 13.05M | |
| Receivables | 45.95M | 46.43M | 48.52M | 57.53M | 54.31M | |
| Inventory | 49.53M | 62.81M | 62.09M | 70.12M | 80.21M | |
| Other Current Assets | 103.40M | 6.17M | 13.86M | 5.51M | 8.90M | 12.40M |
| Total Current Assets | 112.50M | 121.97M | 143.43M | 149.73M | 191.02M | 200.40M |
| Property, Plant & Equipment | 97.75M | 118.57M | 134.96M | 127.26M | 133.81M | |
| Long-Term Investments | 37.46M | 40.88M | 39.83M | 37.70M | 44.52M | |
| Goodwill | 1.09M | 1.92M | 1.92M | 1.92M | 1.92M | |
| Other Intangible Assets | 1.86M | 4.71M | 2.24M | 2.33M | 2.23M | |
| Long-Term Deferred Tax Assets | 1.98M | 1.65M | 1.67M | 1.03M | 886.00K | |
| Other Long-Term Assets | 148.20M | 6.75M | 7.87M | 8.00M | 7.35M | 6.27M |
| Total Assets | 260.70M | 268.86M | 319.02M | 338.35M | 368.61M | 390.03M |
| Accounts Payable | 57.45M | 66.48M | 60.89M | 78.40M | 89.22M | |
| Accrued Expenses | 17.56M | 15.80M | 20.64M | 20.02M | 18.29M | |
| Short-Term Debt | 22.20M | 23.33M | 22.83M | 29.25M | 36.15M | |
| Current Portion of Long-Term Debt | 7.25M | 4.53M | 5.20M | 5.81M | 3.86M | |
| Current Portion of Leases | 9.48M | 10.35M | 9.41M | 10.82M | 10.55M | |
| Current Income Taxes Payable | 871.00K | 830.00K | 339.00K | 1.87M | 2.74M | |
| Current Unearned Revenue | 20.22M | 23.99M | 21.88M | 17.12M | 21.21M | |
| Other Current Liabilities | 130.80M | 9.22M | 13.04M | 13.46M | 17.48M | 16.70M |
| Total Current Liabilities | 130.80M | 144.25M | 158.35M | 154.66M | 180.78M | 198.70M |
| Long-Term Debt | 23.09M | 14.65M | 12.15M | 11.48M | 13.58M | |
| Long-Term Leases | 39.96M | 47.40M | 52.91M | 41.02M | 46.59M | |
| Long-Term Unearned Revenue | 16.84M | 17.82M | 19.93M | 19.27M | 20.16M | |
| Pension & Post-Retirement Benefits | 11.48M | 11.65M | 12.39M | 13.06M | 15.59M | |
| Long-Term Deferred Tax Liabilities | 5.00K | 998.00K | 996.00K | 996.00K | 996.00K | |
| Other Long-Term Liabilities | 95.70M | 7.34M | 9.95M | 12.01M | 9.43M | 10.57M |
| Total Liabilities | 226.50M | 242.98M | 260.82M | 265.06M | 276.05M | 306.19M |
| Common Stock | 31.40M | 55.07M | 55.07M | 55.07M | 55.07M | 54.85M |
| Additional Paid-In Capital | 2.49M | 981.00K | 663.00K | 663.00K | 488.00K | |
| Retained Earnings | -40.69M | -10.76M | 4.39M | 20.46M | 21.00M | |
| Comprehensive Income & Other | 6.10M | 8.71M | 8.81M | 11.66M | 5.99M | |
| Total Common Equity | 31.40M | 22.98M | 54.01M | 68.94M | 87.86M | 82.33M |
| Minority Interest | 2.80M | 2.90M | 4.20M | 4.34M | 4.70M | 1.51M |
| Shareholders' Equity | 34.20M | 25.88M | 58.21M | 73.29M | 92.56M | 83.85M |
| Total Liabilities & Equity | 260.70M | 268.86M | 319.02M | 338.35M | 368.61M | 390.03M |
| Total Debt | 101.99M | 100.26M | 102.51M | 98.39M | 110.72M | |
| Net Cash (Debt) | 9.10M | -81.67M | -79.94M | -68.90M | -43.92M | -57.25M |
| Net Cash Per Share | 0.83 | -7.41 | -7.26 | -6.26 | -4.00 | -5.22 |
| Filing Date Shares Outstanding | 11.01M | 11.01M | 11.01M | 11.01M | 11.01M | 10.97M |
| Total Common Shares Outstanding | 11.01M | 11.01M | 11.01M | 11.01M | 11.01M | 10.97M |
| Working Capital | -18.30M | -22.27M | -14.92M | -4.93M | 10.24M | 1.70M |
| Book Value Per Share | 2.85 | 2.09 | 4.90 | 6.26 | 7.98 | 7.51 |
| Tangible Book Value | 31.40M | 20.03M | 47.38M | 64.78M | 83.60M | 78.19M |
| Tangible Book Value Per Share | 2.85 | 1.82 | 4.30 | 5.88 | 7.59 | 7.13 |
| Land | 135.73M | 135.75M | 157.87M | 157.80M | 155.08M | |
| Machinery | 124.43M | 129.11M | 129.03M | 128.96M | 126.14M | |
| Construction In Progress | 165.00K | 229.00K | 1.84M | 1.01M | 159.00K | |
| Leasehold Improvements | 22.40M | 24.65M | 27.05M | 22.12M | 20.31M |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -30.23M | -29.93M | -15.15M | -16.07M | -540.00K | 3.58M |
| Depreciation & Amortization | 19.01M | 19.01M | 19.77M | 22.37M | 21.65M | 21.37M |
| Other Amortization | 1.99M | 1.99M | 1.41M | |||
| Loss (Gain) From Sale of Assets | -4.25M | -4.25M | 110.00K | 117.00K | -39.00K | -7.11M |
| Asset Writedown & Restructuring Costs | 8.23M | 8.23M | 441.00K | 890.00K | 1.19M | |
| Loss (Gain) on Equity Investments | 371.00K | 371.00K | -389.00K | -2.90M | -356.00K | -3.56M |
| Other Operating Activities | -9.91M | -2.41M | -907.00K | -1.05M | -2.89M | -1.65M |
| Change in Accounts Receivable | 3.90M | 3.90M | 2.36M | 7.33M | -1.24M | -5.85M |
| Change in Inventory | 13.28M | 13.28M | -728.00K | 8.03M | 10.09M | -16.00M |
| Change in Accounts Payable | -7.62M | -7.62M | 5.11M | -14.21M | -7.76M | 13.05M |
| Change in Unearned Revenue | -3.69M | -3.69M | 2.84M | 2.98M | -4.05M | 4.02M |
| Change in Other Net Operating Assets | -3.34M | -3.34M | -13.15M | -3.41M | 2.95M | -8.51M |
| Operating Cash Flow | -12.28M | -4.47M | 1.72M | 3.21M | 18.71M | 537.00K |
| Capital Expenditures | -6.22M | -6.22M | -5.21M | -10.30M | -8.43M | -3.52M |
| Sale of Property, Plant & Equipment | 10.06M | 10.06M | 4.08M | 624.00K | 4.51M | |
| Divestitures | 1.10M | 5.51M | ||||
| Sale (Purchase) of Intangibles | -1.44M | -1.44M | -1.93M | -1.52M | -1.17M | -1.48M |
| Investment in Securities | -461.00K | -270.00K | ||||
| Other Investing Activities | 2.40M | 399.00K | -1.27M | 3.94M | 3.70M | 2.25M |
| Investing Cash Flow | 4.79M | 2.79M | -4.32M | -7.88M | -4.65M | 7.02M |
| Short-Term Debt Issued | 6.21M | |||||
| Long-Term Debt Issued | 17.85M | 3.31M | 10.91M | 4.04M | 5.87M | |
| Total Debt Issued | 17.85M | 17.85M | 3.31M | 10.91M | 4.04M | 12.08M |
| Short-Term Debt Repaid | -1.98M | -798.00K | -6.70M | -7.42M | ||
| Long-Term Debt Repaid | -14.20M | -15.13M | -19.77M | -14.52M | -14.88M | |
| Lease Payments | -9.48M | -9.48M | -10.29M | -11.06M | -10.05M | -10.09M |
| Total Debt Repaid | -16.18M | -16.18M | -15.93M | -26.48M | -21.95M | -14.88M |
| Net Debt Issued (Repaid) | 1.67M | 1.67M | -12.61M | -15.56M | -17.91M | -2.79M |
| Issuance of Common Stock | 55.00K | |||||
| Other Financing Activities | -3.67M | -269.00K | -149.00K | -135.00K | 4.32M | 779.00K |
| Financing Cash Flow | -2.00M | 1.40M | -12.76M | -15.70M | -13.53M | -2.02M |
| Foreign Exchange Rate Adjustments | 533.00K | -567.00K | 782.00K | -784.00K | -55.00K | 636.00K |
| Net Cash Flow | -8.85M | -848.00K | -14.58M | -21.15M | 472.00K | 6.17M |
| Free Cash Flow | -18.50M | -10.70M | -3.49M | -7.09M | 10.28M | -2.98M |
| Free Cash Flow Margin | -6.39% | -3.47% | -1.09% | -2.16% | 2.19% | -0.70% |
| Free Cash Flow Per Share | -1.68 | -0.97 | -0.32 | -0.64 | 0.94 | -0.27 |
| Levered Free Cash Flow | -14.95M | 7.28M | 4.04M | 1.71M | 10.66M | 11.23M |
| Unlevered Free Cash Flow | -10.88M | 11.46M | 8.94M | 6.15M | 14.71M | 14.18M |
| Free Cash Flow After Leases | -27.98M | -20.18M | -13.78M | -18.15M | 226.00K | -13.07M |
| Cash Interest Paid | 5.86M | 5.86M | 6.98M | 5.64M | 5.70M | 4.97M |
| Cash Income Tax Paid | 1.36M | 1.36M | 292.00K | 2.62M | 4.20M | 4.22M |
| Change in Working Capital | 2.52M | 2.52M | -3.57M | 736.00K | -12.00K | -13.29M |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.01M | 25.99M | 52.87M | 74.57M | 84.36M | 174.76M |
| Enterprise Value | 522.28K | 15.67M | 42.83M | 42.60M | 38.96M | 115.88M |
| Last Close Price | 1.00 | 2.36 | 4.80 | 6.77 | 7.69 | 15.93 |
| PE Ratio | 42.86 | |||||
| PS Ratio | 0.03 | 0.07 | 0.16 | 0.20 | 0.17 | 0.36 |
| PB Ratio | 0.30 | 0.85 | 0.88 | 0.92 | 0.85 | 1.83 |
| P/TBV Ratio | 0.30 | 1.10 | 1.08 | 1.04 | 0.94 | 1.97 |
| P/FCF Ratio | 7.68 | |||||
| P/OCF Ratio | 29.66 | 21.02 | 4.22 | 286.16 | ||
| EV/Sales Ratio | 0.00 | 0.04 | 0.13 | 0.12 | 0.08 | 0.24 |
| EV/EBITDA Ratio | 6.03 | 2.13 | 9.07 | |||
| EV/EBIT Ratio | 5.02 | 64.86 | ||||
| EV/FCF Ratio | 3.55 | |||||
| Debt / Equity Ratio | 3.94 | 1.72 | 1.40 | 1.06 | 1.32 | |
| Debt / EBITDA Ratio | 18.88 | 5.73 | 10.25 | 3.40 | 4.83 | |
| Debt / FCF Ratio | 9.58 | |||||
| Net Debt / Equity Ratio | -0.27 | 3.15 | 1.37 | 0.94 | 0.47 | 0.68 |
| Net Debt / EBITDA Ratio | 1.55 | -17.92 | 11.65 | -34.04 | 2.57 | 5.09 |
| Net Debt / FCF Ratio | 0.49 | -7.63 | -22.93 | -9.72 | 4.27 | -19.23 |
| Asset Turnover | 1.01 | 1.05 | 0.97 | 0.93 | 1.24 | 1.15 |
| Inventory Turnover | 3.58 | 3.18 | 3.26 | 4.05 | 3.80 | |
| Quick Ratio | 0.07 | 0.46 | 0.42 | 0.53 | 0.62 | 0.54 |
| Current Ratio | 0.86 | 0.85 | 0.91 | 0.97 | 1.06 | 1.01 |
| Return on Equity (ROE) | -71.52% | -72.76% | -23.39% | -19.49% | 1.46% | 5.51% |
| Return on Assets (ROA) | -3.24% | -2.89% | -0.43% | -2.19% | 1.20% | 0.26% |
| Return on Invested Capital (ROIC) | -22.48% | -11.07% | -1.62% | -8.88% | 1.89% | 0.58% |
| Return on Capital Employed (ROCE) | -11.50% | -10.90% | -1.40% | -6.70% | 3.90% | 0.80% |
| Earnings Yield | -316.48% | -135.20% | -29.67% | -23.82% | -0.68% | 2.33% |
| FCF Yield | -195.70% | -48.32% | -6.83% | -10.51% | 13.02% | -1.94% |
| Buyback Yield / Dilution | -0.32% | -0.08% |