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                         Natuzzi S.p.A. and Subsidiaries 
Unaudited consolidated statement of profit or loss for the second quarter of 2024 
                                    and 2023 
    on the basis of IFRS-IAS (expressed in millions Euro, except as otherwise 
                                   indicated) 
 
                     Second quarter ended on    Change    Percentage of revenue 
                       30-Jun-24    30-Jun-23     %        30-Jun-24    30-Jun-23 
===================  ===========  ===========  ========  ===========  =========== 
 Revenue                84.4         83.5       1.0%      100.0%        100.0% 
 Cost of Sales         (52.2)       (53.1)     -1.7%      -61.9%        -63.6% 
-------------------  -------      -------      ----      ------       ------- 
 Gross profit           32.1         30.4       5.7%       38.1%         36.4% 
-------------------  -------      -------      ----      ------       ------- 
 Other income            1.3          2.4                   1.5%          2.8% 
 Selling expenses      (23.8)       (22.8)      4.2%      -28.2%        -27.3% 
 Administrative 
  expenses             (10.0)        (9.8)      1.6%      -11.8%        -11.8% 
 Impairment on 
  trade 
  receivables           (0.0)        (0.0)                  0.0%          0.0% 
 Other expenses         (0.0)        (0.1)                  0.0%         -0.1% 
-------------------  -------      -------      ----      ------       ------- 
 Operating 
  profit/(loss)         (0.4)         0.0                  -0.5%          0.0% 
-------------------  -------      -------      ----      ------       ------- 
 Finance income          0.2          0.2                   0.2%          0.3% 
 Finance costs          (2.4)        (2.7)                 -2.8%         -3.2% 
 Net exchange rate 
  gains/(losses)         0.2          1.6                   0.2%          2.0% 
-------------------  -------      -------      ----      ------       ------- 
 Net finance 
  income/(costs)        (2.0)        (0.8)                 -2.4%         -1.0% 
-------------------  -------      -------      ----      ------       ------- 
 Share of 
  profit/(loss) of 
  equity-method 
  investees              0.3          0.8                   0.3%          1.0% 
-------------------  -------      -------      ----      ------       ------- 
 Profit/(Loss) 
  before tax            (2.2)         0.1                  -2.6%          0.1% 
-------------------  -------      -------      ----      ------       ------- 
 Income tax 
  expense/(benefit)     (0.1)        (0.4)                 -0.2%         -0.5% 
-------------------  -------      -------      ----      ------       ------- 
 Profit/(Loss) for 
  the period            (2.3)        (0.4)                 -2.7%         -0.4% 
-------------------  -------      -------      ----      ------       ------- 
 Profit/(Loss) 
  attributable to: 
 Owners of the 
  Company               (2.4)        (0.3) 
 Non-controlling 
  interests              0.1         (0.0) 
-------------------  -------      -------      ----      ------  ---  ------- 
 
 
 
                      Natuzzi S.p.A. and Subsidiaries 
  Unaudited consolidated statement of profit or loss for the six months of 
                               2024 and 2023 
 on the basis of IFRS-IAS (expressed in millions Euro, except as otherwise 
                                 indicated) 
 
                   Six months ended on    Change     Percentage of revenue 
                   30-Jun-24  30-Jun-23     %         30-Jun-24    30-Jun-23 
=================  =========  =========  ========  ============  =========== 
 Revenue              168.9      169.6   -0.4%       100.0%        100.0% 
 Cost of Sales       (105.5)    (108.6)  -2.8%       -62.5%        -64.0% 
-----------------  --------   --------   ----      -------       ------- 
 Gross profit          63.3       61.0    3.8%        37.5%         36.0% 
-----------------  --------   --------   ----      -------       ------- 
 Other income           2.5        3.6                 1.5%          2.1% 
 Selling expenses     (47.0)     (46.6)   0.8%       -27.8%        -27.5% 
 Administrative 
  expenses            (18.5)     (18.7)  -1.2%       -10.9%        -11.0% 
 Impairment on 
  trade 
  receivables          (0.0)      (0.1)                0.0%          0.0% 
 Other expenses        (0.1)      (0.1)               -0.1%         -0.1% 
-----------------  --------   --------   ----      -------       ------- 
 Operating 
  profit/(loss)         0.2       (0.9)                0.1%         -0.5% 
-----------------  --------   --------   ----      -------       ------- 
 Finance income         0.4        0.3                 0.2%          0.2% 
 Finance costs         (5.0)      (4.8)               -2.9%         -2.8% 
 Net exchange 
  rate 
  gains/(losses)        0.4        0.2                 0.2%          0.1% 
-----------------  --------   --------   ----      -------       ------- 
 Net finance 
  income/(costs)       (4.2)      (4.2)               -2.5%         -2.5% 
-----------------  --------   --------   ----      -------       ------- 
 Share of 
  profit/(loss) 
  of 
  equity-method 
  investees             0.1        2.0                 0.1%          1.2% 
-----------------  --------   --------   ----      -------       ------- 
 Profit/(Loss) 
  before tax           (3.9)      (3.1)               -2.3%         -1.9% 
-----------------  --------   --------   ----      -------       ------- 
 Income tax 
  expense              (0.2)      (0.5)               -0.1%         -0.3% 
-----------------  --------   --------   ----      -------       ------- 
 Profit/(Loss) 
  for the period       (4.1)      (3.7)               -2.4%         -2.2% 
-----------------  --------   --------   ----      -------       ------- 
 Profit/(Loss) 
  attributable 
  to: 
 Owners of the 
  Company              (4.1)      (3.6) 
 Non-controlling 
  interests             0.0       (0.1) 
-----------------  --------   --------   ----      -------  ---  ------- 
 
 
 
                    Natuzzi S.p.A. and Subsidiaries 
  Unaudited consolidated statements of financial position (condensed) 
                        on the basis of IFRS-IAS 
                     (Expressed in millions of Euro) 
 
                                                    30-Jun-24  31-Dec-23 
=================================================  ==========  ========= 
 
 ASSETS 
 Non-current assets                                     190.2      188.6 
 Current assets                                         146.6      149.7 
-------------------------------------------------  ----------  --------- 
 TOTAL ASSETS                                           336.9      338.3 
-------------------------------------------------  ----------  --------- 
 
 EQUITY AND LIABILITIES 
 Equity attributable to Owners of the Company            64.5       68.9 
 Non-controlling interests                                4.6        4.3 
 Non-current liabilities                                111.3      110.4 
 Current liabilities                                    156.5      154.7 
-------------------------------------------------  ----------  --------- 
 TOTAL EQUITY AND LIABILITIES                           336.9      338.3 
-------------------------------------------------  ----------  --------- 
 
 
 
                      Natuzzi S.p.A. and Subsidiaries 
        Unaudited consolidated statements of cash flows (condensed) 
 (Expressed in millions of Euro)                      30-Jun-24    31-Dec-23 
====================================================  =========  =========== 
 
 Net cash provided by (used in) operating activities      (0.5)       3.2 
 
 Net cash provided by (used in) investing activities      (3.6)      (7.9) 
 
 Net cash provided by (used in) financing activities      (4.1)     (15.7) 
 
 Increase (decrease) in cash and cash equivalents         (8.2)     (20.4) 
 
 Cash and cash equivalents, beginning of the year         31.6       52.7 
 
 Effect of movements in exchange rates on cash held        0.4       (0.8) 
 
 Cash and cash equivalents, end of the period             23.8       31.6 
----------------------------------------------------  --------   -------- 
 
 For the purpose of the statements of cash flow, cash and cash equivalents 
 comprise the following: 
 (Expressed in millions of Euro)                      30-Jun-24    31-Dec-23 
====================================================  =========  =========== 
 Cash and cash equivalents in the statement of 
  financial position                                      28.2       33.6 
 Bank overdrafts repayable on demand                      (4.5)      (2.0) 
----------------------------------------------------  --------   -------- 
 Cash and cash equivalents in the statement of cash 
  flows                                                   23.8       31.6 
----------------------------------------------------  --------   -------- 
 
 

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