In local currencies amounted to 9 per cent, as the manufacturer of computer accessories and consumer electronics, on Thursday announced in a Communiqué.
Driven the growth of accessories for gamers and Video Collaboration (video conferencing systems). The Gaming accessories rose by 9 percent, and Video Collaboration by 27 percent. The still important products PC-mice showed only an increase of 1 per cent, while in the case of the keyboards, a decline of 3 percent.
Operationally, Switzerland, earned Swiss-American group also. The operating profit or EBIT (Non-GAAP) increased in the months of January through March by 16 percent to 64.1 million us dollars. The net profit (GAAP) increased 22 percent to 42.1 million.
So, Logitech has met the expectations of the financial community, sales and profit far exceeded. Analysts had expected on average (AWP-consensus) with a turnover of 623,1 million dollars, and an EBIT (Non-GAAP) 54.3 million dollars. The net profit (GAAP) had they said 34.3 million dollars before.
throughout The year 2018/19 Logitech reported a 9 percent increase in sales of 2.79 billion dollars. The EBIT in the full year by 23 percent to 352,4 million dollars. The Management had provided 340 to $ 345 million. Below-the-line Logitech earned in the year as a whole 257,6 million to 208,5 million dollars in the previous year.
“We have had our third year in a row with double-digit growth rates in local currencies, and our highest sales figures ever achieved,” said CEO Bracken Darrell in the Communiqué.
The Outlook for the new financial year, the company adheres to the published in March’s objectives. In the current fiscal year 2019/20, sales are expected to grow to Rates in the mid to high single-digit percentage range and EBIT to a value between 375 and 385 million dollars. Especially in the areas of Gaming, and video conferencing, Logitech intends to grow strongly. (SDA/zas)