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Logitech International: Logitech Increases Fiscal Year 2021 Outlook, Raises Long-Term Financial Model


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 wel ....

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