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SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR - Logitech International (SIX:LOGN) (Nasdaq:LOGI), in advance of a meeting to be held with financial analysts and investors, today confirmed
Company Well Positioned to Benefit from Ongoing Secular Growth Trends SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR Logitech International (SIX:LOGN) (Nasdaq:LOGI), in advance of a
Logitech International: Logitech Increases Fiscal Year 2021 Outlook, Raises Long-Term Financial Model
Strong Secular Growth Trends Expected to Continue
In advance of a meeting to be held with financial analysts and investors, Logitech International (SIX:LOGN) (Nasdaq:LOGI) today:
Raised its Fiscal Year 2021 annual outlook to approximately 63 percent sales growth in constant currency, and approximately $1.1 billion in non-GAAP operating income. The Company s previous outlook was between 57 and 60 percent sales growth in constant currency, and approximately $1.05 billion in non-GAAP operating income.
Announced its Fiscal Year 2022 annual outlook. Sales growth in constant currency is expected to be approximately flat, plus or minus 5 percent, and non-GAAP operating income is expected to be between $750 million and $800 million. This outlook reflects the Company s ongoing investments in marketing, hardware and software innovation and go-to-market capabilities, as well as confidence