Information Technology Logitech confirms annual targets at Investor Day
Logitech expects further growth. At its Investor Day, the computer and gaming accessories manufacturer confirmed its outlook for the current 2024/25 financial year.
06.03.2025, 06:53
SDA
However, the company is somewhat more cautious for the coming year. However, a large share buyback program beckons.
The company continues to forecast sales growth of 5.4 to 6.4 percent to between 4.54 billion and 4.57 billion US dollars for the year as a whole, as the company announced on Thursday night. EBIT (non-GAAP) is expected to amount to 755 to 770 million US dollars. Logitech had only raised these targets again with the figures for the third quarter at the end of January.
"We are a growing and highly profitable company in an attractive, growing market," CEO Hanneke Faber is quoted as saying in the press release. Logitech is the market leader in its core categories and has a clear strategy to extend this market leadership.
The Group also provided initial insights into its expectations for the coming 2025/26 financial year, with a slightly more subdued sales development of -1 percent to +3 percent to between 4.53 billion and 4.71 billion dollars. The operating result is expected to be between 720 and 780 million dollars.
Meanwhile, Logitech plans to buy back shares with a volume of up to 2 billion dollars over the next three years. In addition, the buyback program currently running until the end of March is to be increased by 600 million dollars.
The Group has now also set itself longer-term targets. In the long term, annual sales growth in the range of 7 to 10 percent is expected. The gross margin (non-GAAP) should reach at least 40 percent and the EBIT margin (non-GAAP) between 15 and 18 percent.
