Logitech: raises annual targets

(CercleFinance.com) - On announcing its quarterly results, Logitech International raised its targets for FY 2023-24, now expecting adjusted operating profit (non-GAAP) of $610m to $660m (instead of $525m to $575m).


Likewise, the Swiss manufacturer of digital accessories now anticipates annual sales of $4.2bn to $4.25bn (instead of $4bn to $4.15bn), an expected drop of 6% to 7% from the previous year.

Logitech's adjusted EPS rose by 34% to $1.53 in Q3, while its adjusted operating profit increased 22% to $248m, on revenues that are down 1% to $1.26bn (-3% in local currencies).


Copyright (c) 2024 CercleFinance.com. All rights reserved.