Cash Position Improvement
The company closed the quarter with EUR 22.2 million in cash, up from EUR 20 million at the end of the previous year, aided by the completion of the High Point transaction.
Introduction of New Collections
Natuzzi introduced new collections including Feelwell, Dolce Vita, and Neo Heritage at the Salone del Mobile Fair in Milan, marking their return after a five-year absence.
Operational Cost Savings
A reduction in industrial costs was achieved due to the closure of the Shanghai plant and the move to a new plant, resulting in a EUR 0.5 million savings.
Improved Retail Analytics
The company implemented a robust retail analytics platform, Power BI, to monitor store performance and optimize operations, showing early signs of improvement in conversion rates and average ticket sizes.