In Q1 16/17 ending in June, revenues increased 2% to US$479.9m (adjusted excluding LifeSize +7%). The gross margin declined from 36.5% to 35.5%. EBIT jumped 271% to US$25.9m and the EBIT margin increased from 1.5% to 5.4%. The company reported an EBIT margin decline from 8% to 7.9%. This EBIT margin, however, is based on adjusted Non-GAAP related figures. Also the Non-GAAP net income increase 6% to US$33m. In reality, net income increased 138% to US$21.9m, still reflecting the solid improveme
02 Aug 2016
Strong start in Q1 16/17
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Strong start in Q1 16/17
Logitech International S.A. (LOGIN:MEX) | 0 0 0.0%
- Published:
02 Aug 2016 -
Author:
Heinz Steffen -
Pages:
2
In Q1 16/17 ending in June, revenues increased 2% to US$479.9m (adjusted excluding LifeSize +7%). The gross margin declined from 36.5% to 35.5%. EBIT jumped 271% to US$25.9m and the EBIT margin increased from 1.5% to 5.4%. The company reported an EBIT margin decline from 8% to 7.9%. This EBIT margin, however, is based on adjusted Non-GAAP related figures. Also the Non-GAAP net income increase 6% to US$33m. In reality, net income increased 138% to US$21.9m, still reflecting the solid improveme