Logitech ups profit forecast for fiscal 2019

Tuesday 6 March 2018 | 10:54 CET | News
Logitech has given a guidance for its fiscal year 2019, ahead of a meeting it has planned with financial analysts and investors. For the year, the company expects high single-digit sales growth in constant currency, and an adjusted operating profit of USD 310-320 million, up 15 percent from the midpoint of the company’s profitability outlook for Fiscal Year 2018. 

Logitech reiterated its forecast for fiscal year 2018, with sales seen up 12-14 percent and adjusted operating profit at USD 270-280 million. CEO Bracken Darrell said fiscal Year 2019 will be the company’s sixth consecutive year of growth and that the firm was progressing toward its vision of Logitech as a multi-category, multi-brand design company.

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