Natuzzi S.p.A. (NTZ) reported net group loss for the third quarter of EUR 0.9 million, compared to a loss of EUR 16.2 million in the prior year quarter. Net Group loss per share for the quarter was EUR 0.02, in comparison with a loss of EUR 0.30 in last year quarter.
Quarterly total net sales declined to EUR 118.3 million from EUR 142.3 million in the same quarter a year-ago. This decrease in sales was primarily due to the world-wide economic recession that had a negative impact on the consumer sector.
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