The company reported Q1 15/16 results ending in June. Revenues declined 2.5% to US$470.3m (+4% at constant currency). Retail sales increased marginally by 0.4% to US$425.4m and 7% at constant currency. Revenues of the growth division increased only 1.3% to US$124.2m. Gross profit declined 5.5% to US$171.1m and the gross margin from 37.7% to 36.5%. EBIT however plummeted from US$22.7m to US$7m also due to restructuring charges of around US$13m.
28 Jul 2015
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A new logo will not increase profits automatically
Logitech International S.A. (LOGIN:MEX) | 0 0 0.0%
- Published:
28 Jul 2015 -
Author:
Heinz Steffen -
Pages:
2
The company reported Q1 15/16 results ending in June. Revenues declined 2.5% to US$470.3m (+4% at constant currency). Retail sales increased marginally by 0.4% to US$425.4m and 7% at constant currency. Revenues of the growth division increased only 1.3% to US$124.2m. Gross profit declined 5.5% to US$171.1m and the gross margin from 37.7% to 36.5%. EBIT however plummeted from US$22.7m to US$7m also due to restructuring charges of around US$13m.