The company reported Q2 15/16 results ending in September. Revenues increased 1.8% to US$540m (at cc 8%). Retail revenues grew 4.8% (at cc 12%) to US$496.3m. The gross margin declined from 38.6% to 34.5%. EBIT also declined 39% to US$25.7m. The EBIT margin reached 4.8% compared to 7.9% in Q2 14/15. Net profit plummeted 90% to US$7.4m. Revenues of the growth division which includes gaming, audio mobile speakers, video collaboration and tablet accessories jumped 50.4% to US$186.8m. Gaming equip
22 Oct 2015
Revenues up, earnings down!
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Revenues up, earnings down!
Logitech International S.A. (LOGIN:MEX) | 0 0 0.0%
- Published:
22 Oct 2015 -
Author:
Heinz Steffen -
Pages:
2
The company reported Q2 15/16 results ending in September. Revenues increased 1.8% to US$540m (at cc 8%). Retail revenues grew 4.8% (at cc 12%) to US$496.3m. The gross margin declined from 38.6% to 34.5%. EBIT also declined 39% to US$25.7m. The EBIT margin reached 4.8% compared to 7.9% in Q2 14/15. Net profit plummeted 90% to US$7.4m. Revenues of the growth division which includes gaming, audio mobile speakers, video collaboration and tablet accessories jumped 50.4% to US$186.8m. Gaming equip