Natuzzi S.p.A. (NTZ) announced that its second-quarter net group loss was EUR 3.9 million, compared to a loss of EUR 2.4 million for the same period of 2008. Net Group loss per share for the quarter was EUR 0.07, compared to a loss of EUR 0.04 last year. Operating income was EUR 1.1 million, compared to an operating loss of EUR 5.1 million in the same quarter last year.
Natuzzi Group net sales for the quarter decreased 20.8% to EUR 133.6 million, from EUR 168.8 million in the year ago quarter. The decline was primarily due to the general downturn of the international economy that has had a deep impact on the consumer sector mainly in USA.
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