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Logitech Delivers Record FY 2022 Sales

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SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the fourth quarter and full Fiscal Year 2022, ended March 31, 2022.

For Fiscal Year 2022:

  • Sales were Logitech’s highest ever at $5.48 billion, up 4 percent in US dollars and 4 percent in constant currency compared to the prior year. This growth is on top of last year’s record sales which grew 76 percent in US dollars and 74 percent in constant currency. The Company’s sales have more than doubled in the past four years.
  • GAAP operating income declined 33 percent to $774 million, compared to $1.15 billion a year ago. Non-GAAP operating income declined 29 percent to $904 million, compared to $1.27 billion a year ago. This reflects the Company’s planned, strategic investments in marketing and product development to drive future growth, and significantly exceeds its original Fiscal Year 2022 non-GAAP operating income outlook. The Company has more than doubled its non-GAAP operating income versus two years ago.
  • GAAP earnings per share (EPS) declined 31 percent to $3.78, compared to $5.51 a year ago. Non-GAAP EPS declined 28 percent to $4.63, compared to $6.42 a year ago.

For Q4 Fiscal Year 2022:

  • Sales were $1.23 billion, down 20 percent in US dollars and 17 percent in constant currency compared to Q4 of the prior year.
  • GAAP operating income declined 56 percent to $129 million, compared to Q4 of the prior year. Non-GAAP operating income declined 52 percent to $156 million, compared to Q4 of the prior year.

“This year, we sustained our scale, delivering record sales on top of last year’s 74% sales growth,” said Bracken Darrell, Logitech president and chief executive officer. “We grew for the ninth straight year and grew market share across the portfolio. We also beat our original profit target by over $100 million.

Despite strong year-over-year results, our focus is the long term. We’re riding secular growth trends in hybrid work, video collaboration, esports and digital content creation. We’ll continue to deliver against those with agility, operational excellence and a diverse, innovative portfolio. I’m excited for the future.”

Outlook

Logitech reduced its Fiscal Year 2023 outlook, removing the estimate of annual sales and profits that would have been generated in Ukraine and Russia. This reflects the current, uncertain environment in which the war in Ukraine continues without sign of resolution in the near term.

Sales growth in constant currency is now expected to be between 2 and 4 percent, and non-GAAP operating income is expected to be between $875 million and $925 million. Previously, sales growth in constant currency was expected to be in the mid single digits, and non-GAAP operating income was expected to be between $900 million and $950 million.

Prepared Remarks Available Online

Logitech has made its prepared written remarks for the financial results videoconference available online on the Logitech corporate website at http://ir.logitech.com.

Financial Results Videoconference and Webcast

Logitech will hold a financial results videoconference to discuss the results for Q4 and the full Fiscal Year 2022 on Tuesday, May 3, 2022 at 8:30 a.m. Eastern Daylight Time and 2:30 p.m. Central European Summer Time. A livestream of the event will be available on the Logitech corporate website at http://ir.logitech.com.

Use of Non-GAAP Financial Information and Constant Currency

To facilitate comparisons to Logitech’s historical results, Logitech has included non-GAAP adjusted measures, which exclude share-based compensation expense, amortization of intangible assets, impairment of intangible assets, acquisition-related costs, change in fair value of contingent consideration for business acquisition, restructuring charges (credits), loss (gain) on investments, non-GAAP income tax adjustment, and other items detailed under “Supplemental Financial Information” after the tables below. Logitech also presents percentage sales growth in constant currency, a non-GAAP measure, to show performance unaffected by fluctuations in currency exchange rates. Percentage sales growth in constant currency is calculated by translating prior period sales in each local currency at the current period’s average exchange rate for that currency and comparing that to current period sales. Logitech believes this information, used together with the GAAP financial information, will help investors to evaluate its current period performance and trends in its business. With respect to the Company’s outlook for non-GAAP operating income, most of these excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable degree of accuracy. Therefore, no reconciliation to the GAAP amounts has been provided for the Fiscal Year 2023 outlook.

Public Dissemination of Certain Information

Logitech webcasts its earnings calls, and certain events Logitech participates in or hosts, with members of the investment community on its investor relations website at https://ir.logitech.com. Additionally, Logitech provides notifications of news or announcements regarding its operations and financial performance, including its filings with the Securities and Exchange Commission (SEC), investor events, and press and earnings releases as part of its investor relations website. Logitech intends to use its investor relations website as means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Logitech’s corporate governance information also is available on its investor relations website.

About Logitech

Logitech helps all people pursue their passions by designing experiences so everyone can create, achieve, and enjoy more. Logitech designs and creates products that bring people together through computing, gaming, video, streaming and creating, and music. Brands of Logitech include Logitech, Logitech G, ASTRO Gaming, Streamlabs, Blue Microphones and Ultimate Ears. Founded in 1981, and headquartered in Lausanne, Switzerland, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find Logitech at www.logitech.com, the company blog or @Logitech.

This press release contains forward-looking statements within the meaning of the U.S. federal securities laws, including, without limitation, statements regarding: our preliminary financial results for the three months and fiscal year ended March 31, 2022, long-term trends, future performance, and outlook for Fiscal Year 2023 sales growth and non-GAAP operating income, and related assumptions. The forward-looking statements in this press release involve risks and uncertainties that could cause Logitech’s actual results and events to differ materially from those anticipated in these forward-looking statements, including, without limitation: if our product offerings, marketing activities and investment prioritization decisions do not result in the sales, profitability or profitability growth we expect, or when we expect it; if we fail to innovate and develop new products in a timely and cost-effective manner for our new and existing product categories; if we do not successfully execute on our growth opportunities or our growth opportunities are more limited than we expect; the effect of demand variability, supply shortages and other supply chain challenges; the effect of pricing, product, marketing and other initiatives by our competitors, and our reaction to them, on our sales, gross margins and profitability; if we are not able to maintain and enhance our brands; if our products and marketing strategies fail to separate our products from competitors’ products; the impact of global events, such as COVID-19 pandemic and Russia’s military operations in Ukraine, and any associated economic downturn and political instability; changes in inflation levels and in the Federal Reserve's monetary policy; if we do not successfully execute on strategic acquisitions and investments; if we do not efficiently manage our spending; if there is a deterioration of business and economic conditions in one or more of our sales regions or product categories, or significant fluctuations in exchange rates; changes in trade regulations, policies and agreements and the imposition of tariffs that affect our products or operations and our ability to mitigate; risks associated with acquisitions; and the effect of changes to our effective income tax rates. A detailed discussion of these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in Logitech’s periodic filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2021, our Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2021, and our subsequent reports filed with the SEC, available at www.sec.gov, under the caption Risk Factors and elsewhere. Logitech does not undertake any obligation to update any forward-looking statements to reflect new information or events or circumstances occurring after the date of this press release.

Note that unless noted otherwise, comparisons are year over year.

Logitech and other Logitech marks are trademarks or registered trademarks of Logitech Europe S.A. and/or its affiliates in the U.S. and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s website at www.logitech.com.

LOGITECH INTERNATIONAL S.A.

PRELIMINARY RESULTS*

(In thousands, except per share amounts) - unaudited

Three Months Ended

Fiscal Years Ended

March 31,

March 31,

GAAP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

2022

2021

2022

2021

Net sales

$

1,229,994

$

1,535,925

$

5,481,101

$

5,252,279

Cost of goods sold

733,092

821,127

3,204,072

2,903,215

Amortization of intangible assets

2,995

3,529

14,023

13,329

Gross profit

493,907

711,269

2,263,006

2,335,735

Operating expenses:

Marketing and selling

247,017

273,764

1,025,899

770,284

Research and development

78,408

69,009

291,844

226,023

General and administrative

36,357

68,236

148,648

166,577

Amortization of intangible assets and acquisition-related costs

2,961

5,178

16,947

19,064

Impairment of intangible assets

7,000

Change in fair value of contingent consideration for business acquisition

(3,509

)

5,716

Restructuring charges (credits), net

395

2,165

(54

)

Total operating expenses

365,138

416,187

1,488,994

1,187,610

Operating income

128,769

295,082

774,012

1,148,125

Interest income

451

340

1,246

1,784

Other income (expense), net

2,501

(11,450

)

560

(1,789

)

Income before income taxes

131,721

283,972

775,818

1,148,120

Provision for income taxes

23,516

58,225

131,305

200,863

Net income

$

108,205

$

225,747

$

644,513

$

947,257

Net income per share:

Basic

$

0.65

$

1.34

$

3.85

$

5.62

Diluted

$

0.64

$

1.31

$

3.78

$

5.51

Weighted average shares used to compute net income per share:

Basic

165,898

168,734

167,447

168,523

Diluted

168,546

172,954

170,414

171,775

LOGITECH INTERNATIONAL S.A.

PRELIMINARY RESULTS*

(In thousands, except per share amounts) - unaudited

March 31,

March 31,

CONDENSED CONSOLIDATED BALANCE SHEETS

2022

2021

Current assets:

Cash and cash equivalents

$

1,328,716

$

1,750,327

Accounts receivable, net

675,604

612,225

Inventories

933,124

661,116

Other current assets

135,478

135,650

Total current assets

3,072,922

3,159,318

Non-current assets:

Property, plant and equipment, net

109,807

114,060

Goodwill

448,175

429,604

Other intangible assets, net

83,779

115,148

Other assets

320,722

324,248

Total assets

$

4,035,405

$

4,142,378

Current liabilities:

Accounts payable

$

636,306

$

823,233

Accrued and other current liabilities

784,848

858,617

Total current liabilities

1,421,154

1,681,850

Non-current liabilities:

Income taxes payable

83,380

59,237

Other non-current liabilities

132,133

139,502

Total liabilities

1,636,667

1,880,589

Shareholders' equity:

Registered shares, CHF 0.25 par value:

30,148

30,148

Issued shares — 173,106 at March 31, 2022 and 2021

Additional shares that may be issued out of conditional capitals — 50,000 at March 31, 2022 and 2021

Additional shares that may be issued out of authorized capital — 17,311 at March 31, 2022 and 2021

Additional paid-in capital

129,925

129,519

Shares in treasury, at cost — 7,855 and 4,799 shares at March 31, 2022 and 2021, respectively

(632,893

)

(279,541

)

Retained earnings

2,975,681

2,490,578

Accumulated other comprehensive loss

(104,123

)

(108,915

)

Total shareholders' equity

2,398,738

2,261,789

Total liabilities and shareholders' equity

$

4,035,405

$

4,142,378

LOGITECH INTERNATIONAL S.A.

PRELIMINARY RESULTS*

(In thousands) - unaudited

Three Months Ended

Fiscal Years Ended

March 31,

March 31,

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

2022

2021

2022

2021

Cash flows from operating activities:

Net income

$

108,205

$

225,747

$

644,513

$

947,257

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation

22,974

14,742

88,361

50,752

Amortization of intangible assets

5,956

8,191

30,179

31,818

Impairment of intangible assets

7,000

Investment impairment

2,011

2,011

Loss (gain) on investments

262

(793

)

1,683

3,899

Share-based compensation expense

21,014

21,305

93,479

86,019

Deferred income taxes

(35

)

(3,199

)

27,334

34,484

Change in fair value of contingent consideration for business acquisition

(3,509

)

5,716

Other

72

(114

)

1,140

(1,784

)

Changes in assets and liabilities, net of acquisitions:

Accounts receivable, net

164,848

275,584

(71,510

)

(201,220

)

Inventories

(98,812

)

(188,123

)

(276,640

)

(427,501

)

Other assets

2,400

(14,427

)

(18,169

)

(67,708

)

Accounts payable

(100,666

)

12,936

(181,303

)

553,960

Accrued and other liabilities

(26,628

)

176,359

(44,240

)

440,935

Net cash provided by operating activities

99,590

530,219

298,318

1,458,638

Cash flows from investing activities:

Purchases of property, plant and equipment

(25,426

)

(30,026

)

(89,152

)

(76,189

)

Investment in privately held companies

(203

)

(590

)

(1,463

)

(4,115

)

Acquisitions, net of cash acquired

(350

)

(43,163

)

(16,236

)

(43,523

)

Proceeds from return of strategic investments

2,934

Purchases of short-term investments

(10,000

)

Proceeds from the sale of short-term investments

7,035

8,260

Purchases of deferred compensation investments

(1,414

)

(1,664

)

(5,058

)

(12,336

)

Proceeds from sales of deferred compensation investments

1,501

1,915

5,786

13,247

Net cash used in investing activities

(18,857

)

(73,528

)

(107,863

)

(119,982

)

Cash flows from financing activities:

Payment of cash dividends

(159,410

)

(146,705

)

Payment of contingent consideration for business acquisition

(880

)

Purchases of registered shares

(121,397

)

(92,227

)

(412,022

)

(164,952

)

Proceeds from exercises of stock options and purchase rights

13,005

14,101

29,649

43,810

Tax withholdings related to net share settlements of restricted stock units

(5,628

)

(2,607

)

(64,156

)

(32,082

)

Net cash used in financing activities

(114,020

)

(80,733

)

(606,819

)

(299,929

)

Effect of exchange rate changes on cash and cash equivalents

(2,408

)

(14,374

)

(5,247

)

(3,966

)

Net increase (decrease) in cash and cash equivalents

(35,695

)

361,584

(421,611

)

1,034,761

Cash and cash equivalents at beginning of the period

1,364,411

1,388,743

1,750,327

715,566

Cash and cash equivalents at end of the period

$

1,328,716

$

1,750,327

$

1,328,716

$

1,750,327

LOGITECH INTERNATIONAL S.A.

PRELIMINARY RESULTS*

(In thousands) - unaudited

SUPPLEMENTAL FINANCIAL INFORMATION

Three Months Ended

Fiscal Years Ended

March 31,

March 31,

NET SALES

2022

2021

Change

2022

2021

Change

Net sales by product category:

Pointing Devices

$

178,126

$

177,679

%

$

781,108

$

680,907

15

%

Keyboards & Combos

231,064

219,242

5

967,301

784,488

23

PC Webcams

84,147

144,845

(42

)

403,651

439,865

(8

)

Tablet & Other Accessories

67,191

117,115

(43

)

310,123

384,301

(19

)

Gaming (1)

316,427

322,965

(2

)

1,451,883

1,239,005

17

Video Collaboration

243,439

385,657

(37

)

997,164

1,044,935

(5

)

Mobile Speakers

25,058

29,739

(16

)

149,782

174,895

(14

)

Audio & Wearables

82,459

130,184

(37

)

401,424

468,776

(14

)

Smart Home

2,083

8,418

(75

)

18,463

34,394

(46

)

Other (2)

81

(100

)

202

713

(72

)

Total net retail sales

$

1,229,994

$

1,535,925

(20

)%

$

5,481,101

$

5,252,279

4

%

(1) Gaming includes streaming services revenue generated by Streamlabs.

(2) Other includes products that the Company currently intends to phase out, or has already phased out, because they are no longer strategic to the Company's business.

LOGITECH INTERNATIONAL S.A.

PRELIMINARY RESULTS*

(In thousands, except per share amounts) - Unaudited

SUPPLEMENTAL FINANCIAL INFORMATION

Three Months Ended

Fiscal Years Ended

March 31,

March 31,

GAAP TO NON GAAP RECONCILIATION (A)

2022

2021

2022

2021

Gross profit - GAAP

$

493,907

$

711,269

$

2,263,006

$

2,335,735

Share-based compensation expense

1,442

1,519

6,695

6,438

Amortization of intangible assets

2,995

3,529

14,023

13,329

Gross profit - Non-GAAP

$

498,344

$

716,317

$

2,283,724

$

2,355,502

Gross margin - GAAP

40.2

%

46.3

%

41.3

%

44.5

%

Gross margin - Non-GAAP

40.5

%

46.6

%

41.7

%

44.8

%

Operating expenses - GAAP

$

365,138

$

416,187

$

1,488,994

$

1,187,610

Less: Share-based compensation expense

19,572

19,786

86,784

79,581

Less: Amortization of intangible assets and acquisition-related costs

2,961

5,178

16,947

19,064

Less: Impairment of intangible assets

7,000

Less: Change in fair value of contingent consideration for business acquisition

(3,509

)

5,716

Less: Restructuring charges (credits), net

395

2,165

(54

)

Operating expenses - Non-GAAP

$

342,210

$

391,223

$

1,379,607

$

1,083,303

% of net sales - GAAP

29.7

%

27.1

%

27.2

%

22.6

%

% of net sales - Non-GAAP

27.8

%

25.5

%

25.2

%

20.6

%

Operating income - GAAP

$

128,769

$

295,082

$

774,012

$

1,148,125

Share-based compensation expense

21,014

21,305

93,479

86,019

Amortization of intangible assets and acquisition-related costs

5,956

8,707

30,970

32,393

Impairment of intangible assets

7,000

Change in fair value of contingent consideration for business acquisition

(3,509

)

5,716

Restructuring charges (credits), net

395

2,165

(54

)

Operating income - Non-GAAP

$

156,134

$

325,094

$

904,117

$

1,272,199

% of net sales - GAAP

10.5

%

19.2

%

14.1

%

21.9

%

% of net sales - Non-GAAP

12.7

%

21.2

%

16.5

%

24.2

%

Net income - GAAP

$

108,205

$

225,747

$

644,513

$

947,257

Share-based compensation expense

21,014

21,305

93,479

86,019

Amortization of intangible assets and acquisition-related costs

5,956

8,707

30,970

32,393

Impairment of intangible assets

7,000

Change in fair value of contingent consideration for business acquisition

(3,509

)

5,716

Restructuring charges (credits), net

395

2,165

(54

)

Loss on investments

262

1,218

1,683

5,910

Non-GAAP income tax adjustment

(99

)

(5,776

)

12,364

25,788

Net income - Non-GAAP

$

135,733

$

251,201

$

788,665

$

1,103,029

Net income per share:

Diluted - GAAP

$

0.64

$

1.31

$

3.78

$

5.51

Diluted - Non-GAAP

$

0.81

$

1.45

$

4.63

$

6.42

Shares used to compute net income per share:

Diluted - GAAP and Non-GAAP

168,546

172,954

170,414

171,775

LOGITECH INTERNATIONAL S.A.

PRELIMINARY RESULTS*

(In thousands) - unaudited

SUPPLEMENTAL FINANCIAL INFORMATION

Three Months Ended

Fiscal Years Ended

March 31,

March 31,

SHARE-BASED COMPENSATION EXPENSE

2022

2021

2022

2021

Share-based Compensation Expense

Cost of goods sold

$

1,442

$

1,519

$

6,695

$

6,438

Marketing and selling

8,809

9,229

37,796

36,788

Research and development

4,061

3,831

18,356

14,179

General and administrative

6,702

6,726

30,632

28,614

Total share-based compensation expense

21,014

21,305

93,479

86,019

Income tax benefit

(3,527

)

(3,932

)

(26,987

)

(19,472

)

Total share-based compensation expense, net of income tax benefit

$

17,487

$

17,373

$

66,492

$

66,547

*Note: These preliminary results for the three months and fiscal year ended March 31, 2022 are subject to adjustments, including subsequent events that may occur through the date of filing our Annual Report on Form 10-K.

(A) Non-GAAP Financial Measures

To supplement our condensed consolidated financial results prepared in accordance with GAAP, we use a number of financial measures, both GAAP and non-GAAP, in analyzing and assessing our overall business performance, for making operating decisions and for forecasting and planning future periods. We consider the use of non-GAAP financial measures helpful in assessing our current financial performance, ongoing operations and prospects for the future as well as understanding financial and business trends relating to our financial condition and results of operations.

While we use non-GAAP financial measures as a tool to enhance our understanding of certain aspects of our financial performance and to provide incremental insight into the underlying factors and trends affecting both our performance and our cash-generating potential, we do not consider these measures to be a substitute for, or superior to, the information provided by GAAP financial measures. Consistent with this approach, we believe that disclosing non-GAAP financial measures to the readers of our financial statements provides useful supplemental data that, while not a substitute for GAAP financial measures, can offer insight in the review of our financial and operational performance and enables investors to more fully understand trends in our current and future performance. In assessing our business during the quarter and fiscal year ended March 31, 2022 and previous periods, we excluded items in the following general categories, each of which are described below:

Share-based compensation expense. We believe that providing non-GAAP measures excluding share-based compensation expense, in addition to the GAAP measures, allows for a more transparent comparison of our financial results from period to period. We prepare and maintain our budgets and forecasts for future periods on a basis consistent with this non-GAAP financial measure. Further, companies use a variety of types of equity awards as well as a variety of methodologies, assumptions and estimates to determine share-based compensation expense. We believe that excluding share-based compensation expense enhances our ability and the ability of investors to understand the impact of non-cash share-based compensation on our operating results and to compare our results against the results of other companies.

Amortization of intangible assets. We incur intangible asset amortization expense, primarily in connection with our acquisitions of various businesses and technologies. The amortization of purchased intangibles varies depending on the level of acquisition activity. We exclude these various charges in budgeting, planning and forecasting future periods and we believe that providing the non-GAAP measures excluding these various non-cash charges, as well as the GAAP measures, provides additional insight when comparing our gross profit, operating expenses, and financial results from period to period.

Impairment of intangible assets. We may incur impairment of intangible assets expense, primarily in connection with our past business or asset acquisitions. We believe that providing the non-GAAP measures excluding these items, as well as the GAAP measures, assists our investors because such expenses are not reflective of our ongoing operating results.

Acquisition-related costs and change in fair value of contingent consideration for business acquisition. We incurred expenses and credits in connection with our acquisitions which we generally would not have otherwise incurred in the periods presented as a part of our continuing operations. Acquisition related costs include all incremental expenses incurred to effect a business combination. Fair value of contingent consideration is associated with our estimates of the value of earn-outs in connection with certain acquisitions. We believe that providing the non-GAAP measures excluding these costs and credits, as well as the GAAP measures, assists our investors because such costs are not reflective of our ongoing operating results.

Restructuring charges (credits). These expenses are associated with re-aligning our business strategies based on current economic conditions. We have undertaken several restructuring plans in recent years. In connection with our restructuring initiatives, we incurred restructuring charges related to employee terminations, facility closures and early cancellation of certain contracts. We believe that providing the non-GAAP measures excluding these items, as well as the GAAP measures, assists our investors because such charges (credits) are not reflective of our ongoing operating results in the current period.

Loss (gain) on investments. We recognize losses (gains) related to our investments in various companies, which vary depending on the operational and financial performance of the companies in which we invest. These amounts include our losses (earnings) on equity method investments, investment impairments and losses (gains) resulting from sales or other events related to our investments. We believe that providing the non-GAAP measures excluding these items, as well as the GAAP measures, assists our investors because such losses (gains) are not reflective of our ongoing operations.

Non-GAAP income tax adjustment. Non-GAAP income tax adjustment primarily measures the income tax effect of non-GAAP adjustments excluded above and other events; the determination of which is based upon the nature of the underlying items, the mix of income and losses in jurisdictions and the relevant tax rates in which we operate.

Each of the non-GAAP financial measures described above, and used in this press release, should not be considered in isolation from, or as a substitute for, a measure of financial performance prepared in accordance with GAAP. Further, investors are cautioned that there are inherent limitations associated with the use of each of these non-GAAP financial measures as an analytical tool. In particular, these non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles and many of the adjustments to the GAAP financial measures reflect the exclusion of items that are recurring and may be reflected in the Company’s financial results for the foreseeable future. We compensate for these limitations by providing specific information in the reconciliation included in this press release regarding the GAAP amounts excluded from the non-GAAP financial measures. In addition, as noted above, we evaluate the non-GAAP financial measures together with the most directly comparable GAAP financial information.

Additional Supplemental Financial Information — Constant Currency

In addition, Logitech presents percentage sales growth in constant currency to show performance unaffected by fluctuations in currency exchange rates. Percentage sales growth in constant currency is calculated by translating prior period sales in each local currency at the current period’s average exchange rate for that currency and comparing that to current period sales.

(LOGIIR)

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Contact information

Editorial Contacts:
Nate Melihercik, Head of Global Investor Relations - lir@logitech.com
Nicole Kenyon, Head of Global Corporate & Employee Communications - USA +1 (510) 988-8553
Ben Starkie, Corporate Communications - Europe +41 (0) 79-292-3499

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