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European weakness leads to 2.4% sales dip, loss for Natuzzi

2013-03-29 05:49:45| Furniture - Topix.net

Despite a 17.4% jump in sales in the Americas, leather upholstery major Natuzzi reported a fourth-quarter net loss of $15.7 million as worldwide sales fell 2.4%. The company said its gains in the Americas were more than offset by weak sales in Europe, where several countries are still mired in a recession.

Tags: sales loss european leads

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