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Logitech International S A : sees pandemic-driven growth continuing, hikes 2021 guidance


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(Reuters) - Computer goods maker Logitech International increased its 2021 guidance on Monday and issued a 2022 forecast, saying growth trends in remote work, video collaboration, esports and digital content creation would continue beyond the 2021 boom.
The company s Switzerland-listed shares were up 3.2% at 0850 GMT after it raised its 2021 sales growth forecast to about 63% in constant currencies, up from the 57%-60% range it previously expected. Logitech said sales for fiscal 2022, measured in constant currency terms, would be flat to plus or minus 5%.
Several years ago, we set out to become a design company and positioned our business against long-term growth trends in remote work, video collaboration, esports, and digital content creation. These trends have accelerated over the course of the fiscal year and have seen a coming of age for Logitech, Chief Executive Bracken Darrell said in a statement. ....

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