F. Newburger's questions to Natuzzi SpA (NTZ) leadership • Q3 2024
Question
F. Newburger inquired about Natuzzi's preparedness for potential U.S. tariffs that could be implemented by a new presidential administration.
Answer
CEO Antonio Achille explained that while future U.S. tariff policies are uncertain, Natuzzi is well-prepared due to its diverse global manufacturing footprint. He highlighted plans to expand production in tariff-free Vietnam starting in Q1 2025 and noted that the company can also leverage its Italian factories to serve North America, mitigating risks associated with potential changes in U.S. trade policy with China.