Logitech reported 2016/17 financial results ending in March. According to management, retail sales increased 13.4% to US$2.2bn and net revenues 9%. Retail sales exceeded guidance of growing between 12% and 13%. Double-digit revenue growth was driven by the gaming, mobile speakers, video collaboration and audio wearables divisions. The gross margin improved 33.7% to 36.9%. The company experienced strong growth in the Americas and Asia Pacific regions. Management reiterated the outlook for the
26 Apr 2017
Strong performance even based on real numbers
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Strong performance even based on real numbers
Logitech International S.A. (LOGIN:MEX) | 0 0 0.0%
- Published:
26 Apr 2017 -
Author:
Heinz Steffen -
Pages:
2
Logitech reported 2016/17 financial results ending in March. According to management, retail sales increased 13.4% to US$2.2bn and net revenues 9%. Retail sales exceeded guidance of growing between 12% and 13%. Double-digit revenue growth was driven by the gaming, mobile speakers, video collaboration and audio wearables divisions. The gross margin improved 33.7% to 36.9%. The company experienced strong growth in the Americas and Asia Pacific regions. Management reiterated the outlook for the