Natuzzi S.p.A. (NTZ) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 | Q2'20 |
|---|
| Sales/Revenue | 78.1M | 74.9M | 75M | 84.4M | 84.5M | 84.12M | 74.9M | 83.5M | 86.1M | 116.49M | 116.6M | 116.9M | 118.5M | 115.58M | 101.8M | 108.4M | 101.5M | 99.94M | 84.4M | 61.6M |
| Revenue Growth % | -7.57% | -10.96% | 0.13% | 1.08% | -1.86% | -27.79% | -35.76% | -28.57% | -27.34% | 0.79% | 14.54% | 7.84% | 16.75% | 15.64% | 20.62% | 75.97% | 23.03% | -0.62% | -4.2% | -33.19% |
| Cost of Goods Sold | 51.4M | 46.4M | 51.1M | 52.2M | 53.3M | 58.76M | 48.4M | 53.1M | 55.4M | 74.77M | 72.7M | 80.2M | 77.9M | 75.63M | 65.2M | 69.3M | 64.7M | 69.74M | 56.9M | 45.5M |
| COGS % of Revenue | 65.81% | 61.95% | 68.13% | 61.85% | 63.08% | 69.86% | 64.62% | 63.59% | 64.34% | 64.19% | 62.35% | 68.61% | 65.74% | 65.44% | 64.05% | 63.93% | 63.74% | 69.78% | 67.42% | 73.86% |
| Gross Profit | 26.6M | 28.5M | 23.9M | 32.1M | 31.2M | 25.36M | 26.5M | 30.4M | 30.6M | 41.72M | 43.9M | 36.7M | 40.6M | 39.95M | 36.6M | 39.2M | 36.8M | 30.2M | 27.4M | 16.1M |
| Gross Margin % | 34.06% | 38.05% | 31.87% | 38.03% | 36.92% | 30.14% | 35.38% | 36.41% | 35.54% | 35.81% | 37.65% | 31.39% | 34.26% | 34.56% | 35.95% | 36.16% | 36.26% | 30.22% | 32.46% | 26.14% |
| Gross Profit Growth % | -14.74% | 12.41% | -9.81% | 5.59% | 1.96% | -39.22% | -39.64% | -17.17% | -24.63% | 4.43% | 19.95% | -6.38% | 10.33% | 32.28% | 33.58% | 143.48% | 30.5% | -5.72% | 8.3% | -37.35% |
| Operating Expenses | 27.5M | 31.17M | 27.7M | 32.6M | 30.6M | 32.65M | 27.9M | 32.6M | 31.6M | 39.97M | 39.8M | 35.6M | 39.1M | 39.37M | 37M | 37.6M | 33.5M | 27.8M | 27.9M | 23.8M |
| OpEx % of Revenue | 35.21% | 41.62% | 36.93% | 38.63% | 36.21% | 38.82% | 37.25% | 39.04% | 36.7% | 34.31% | 34.13% | 30.45% | 33% | 34.06% | 36.35% | 34.69% | 33% | 27.82% | 33.06% | 38.64% |
| Selling, General & Admin | 29.8M | 9.22M | 28.7M | 33.8M | 33M | 9.64M | 30.2M | 32.6M | 32.7M | 16.53M | 41.7M | 37.3M | 39.8M | 34.83M | 38.9M | 39.3M | 34.8M | 23.77M | 28.2M | 23.3M |
| SG&A % of Revenue | 38.16% | 12.31% | 38.27% | 40.05% | 39.05% | 11.46% | 40.32% | 39.04% | 37.98% | 14.19% | 35.76% | 31.91% | 33.59% | 30.14% | 38.21% | 36.25% | 34.29% | 23.79% | 33.41% | 37.82% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 0 | -1000K | 1000K | -1000K | -1000K | -700K | 1000K | -1000K | -1000K | -1000K | 1000K | -300K | 500K |
| Operating Income | -800K | -2.67M | -3.8M | -400K | 600K | -7.3M | -1.4M | -2.2M | -900K | 1.75M | 4.1M | 1.1M | 1.5M | 582K | -400K | 1.5M | 3.3M | 2.4M | -400K | -7.7M |
| Operating Margin % | -1.02% | -3.56% | -5.07% | -0.47% | 0.71% | -8.68% | -1.87% | -2.63% | -1.05% | 1.5% | 3.52% | 0.94% | 1.27% | 0.5% | -0.39% | 1.38% | 3.25% | 2.4% | -0.47% | -12.5% |
| Operating Income Growth % | -233.33% | 63.43% | -171.43% | 81.82% | 166.67% | -517.09% | -134.15% | -300% | -160% | 200.69% | 1125% | -26.67% | -54.55% | -75.7% | 0% | 119.48% | 167.35% | 180.15% | 95.4% | 1.28% |
| EBITDA | -1.7M | 3.1M | 1.22M | 4.92M | 5.85M | -3.27M | 4.48M | 3.2M | 4.53M | 5.71M | 9.56M | 6.59M | 6.87M | 6.43M | 4.88M | 2.5M | 8.73M | 297K | -1.4M | -7.5M |
| EBITDA Margin % | -2.18% | 4.14% | 1.62% | 5.83% | 6.92% | -3.89% | 5.98% | 3.83% | 5.26% | 4.9% | 8.2% | 5.64% | 5.8% | 5.56% | 4.79% | 2.31% | 8.6% | 0.3% | -1.66% | -12.18% |
| EBITDA Growth % | -129.05% | 194.82% | -72.86% | 53.64% | 29.27% | -157.25% | -53.15% | -51.46% | -34.12% | -11.19% | 96.01% | 163.7% | -21.26% | 2064.63% | 448.5% | 133.33% | 243.04% | 104.42% | 84.44% | 3.85% |
| D&A (Non-Cash Add-back) | 0 | 5.77M | 5.02M | 5.32M | 5.25M | 4.03M | 5.88M | 5.4M | 5.43M | 3.96M | 5.46M | 5.49M | 5.37M | 5.85M | 5.28M | 0 | 5.43M | 0 | 0 | 0 |
| EBIT | -1.7M | -3.16M | -4.7M | 200K | 800K | -9.16M | -500K | 100K | -1.1M | -4.07M | 9.1M | 1.5M | 3.6M | 2.59M | 0 | 2.5M | 8.3M | 297K | -1.4M | -7.5M |
| Net Interest Income | -2M | -313K | -2.2M | -2.2M | -2.4M | -2.27M | -1.5M | -2.5M | -2M | -2.37M | -1.6M | -2M | -1.8M | -1.31M | -1.9M | -1.7M | -1.6M | -2.84M | -1.6M | -1.3M |
| Interest Income | 200K | 229K | 200K | 200K | 200K | 235.51K | 400K | 200K | 100K | 189.58K | 600K | 0 | 0 | 201.62K | 0 | 0 | 0 | 113.86K | 100K | 100K |
| Interest Expense | 2.2M | 542K | 2.4M | 2.4M | 2.6M | 2.51M | 1.9M | 2.7M | 2.1M | 2.56M | 2.2M | 2M | 1.8M | 1.51M | 1.9M | 1.7M | 1.6M | 2.95M | 1.7M | 1.4M |
| Other Income/Expense | -3.1M | -1.03M | -3.3M | -1.8M | -2.4M | -2.27M | -1M | 2.3M | -2.3M | -6.39M | 2.8M | -1.6M | 300K | 2.49M | -1.5M | -700K | 3.4M | -3.26M | -2.7M | -1.2M |
| Pretax Income | -3.9M | -3.7M | -7.1M | -2.2M | -1.8M | -9.57M | -2.4M | 100K | -3.2M | -4.64M | 6.9M | -500K | 1.8M | 3.07M | -1.9M | 800K | 6.7M | -865K | -3.1M | -8.9M |
| Pretax Margin % | -4.99% | -4.94% | -9.47% | -2.61% | -2.13% | -11.38% | -3.2% | 0.12% | -3.72% | -3.98% | 5.92% | -0.43% | 1.52% | 2.66% | -1.87% | 0.74% | 6.6% | -0.87% | -3.67% | -14.45% |
| Income Tax | 100K | 184K | 300K | 100K | 0 | 190K | 300K | 400K | 100K | 673K | 1M | 100K | 500K | 1.19M | 1.5M | 900K | 800K | 2.74M | 1.3M | 200K |
| Effective Tax Rate % | -2.56% | -4.98% | -4.23% | -4.55% | 0% | -1.98% | -12.5% | 400% | -3.13% | -14.51% | 14.49% | -20% | 27.78% | 38.68% | -78.95% | 112.5% | 11.94% | -316.88% | -41.94% | -2.25% |
| Net Income | -4.1M | -3.25M | -7.7M | -2.4M | -1.7M | -9.77M | -2.7M | -300K | -3.2M | -5.94M | 5.4M | -1M | 1M | 1.49M | -3.6M | 200K | 6.1M | -3.88M | -4.4M | -8.9M |
| Net Margin % | -5.25% | -4.34% | -10.27% | -2.84% | -2.01% | -11.61% | -3.6% | -0.36% | -3.72% | -5.1% | 4.63% | -0.86% | 0.84% | 1.28% | -3.54% | 0.18% | 6.01% | -3.88% | -5.21% | -14.45% |
| Net Income Growth % | -141.18% | 66.73% | -185.19% | -700% | 46.88% | -64.46% | -150% | 70% | -420% | -500% | 250% | -600% | -83.61% | 138.29% | 18.18% | 102.25% | 179.22% | 41.86% | 62.07% | 15.24% |
| Net Income (Continuing) | -4M | -3.88M | -7.4M | -2.3M | -1.8M | -9.76M | -2.7M | -300K | -3.3M | -5.31M | 5.9M | -600K | 1.3M | 1.89M | -3.4M | -100K | 5.9M | -3.61M | -4.4M | -9.1M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 4.3M | 4.2M | 4.6M | 4.6M | 4.4M | 4.34M | 4.5M | 4.4M | 4.6M | 4.7M | 5M | 4.2M | 3.6M | 1.5M | 1.6M | 1.3M | 1M | 1M | 400K | 1M |
| EPS (Diluted) | -0.37 | -0.30 | -0.70 | -0.22 | -0.15 | -0.90 | -0.24 | -0.03 | -0.30 | -0.47 | 0.50 | -0.06 | 0.10 | 0.17 | -0.35 | -0.03 | 0.55 | -0.36 | -0.38 | -0.80 |
| EPS Growth % | -146.67% | 66.67% | -191.67% | -714.81% | 50% | -91.49% | -148% | 55% | -400% | -376.47% | 242.86% | -118.18% | -81.82% | 147.22% | 7.89% | 96.56% | 178.57% | 40% | 63.81% | 15.79% |
| EPS (Basic) | -0.37 | -0.30 | -0.70 | -0.22 | -0.15 | -0.90 | -0.24 | -0.03 | -0.30 | -0.47 | 0.50 | -0.06 | 0.10 | 0.17 | -0.35 | -0.03 | 0.55 | -0.36 | -0.40 | -0.80 |
| Diluted Shares Outstanding | 11.01M | 11.02M | 11.01M | 11.01M | 11.01M | 11.01M | 11.01M | 11.01M | 11.01M | 11.01M | 10.8M | 10M | 10M | 10.97M | 10.29M | 10.97M | 11.09M | 10.97M | 11M | 10.97M |
| Basic Shares Outstanding | 11.01M | 11.02M | 11.01M | 11.01M | 11.01M | 11.01M | 11.01M | 11.01M | 11.01M | 11.01M | 10.8M | 10M | 10M | 10.97M | 10.29M | 10.97M | 10.97M | 10.97M | 10.5M | 10.97M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |