Logitech: Umsatz erstmals über 1 Milliarde US-Dollar

Pressemitteilung Rekordergebnisse im 3. Quartal Third Quarter Sales Up 18% at USD 352 million; Operating Income Up 20% at USD 51 million; Net Income Up 22% at USD 40 million Romanel, Switzerland/Fremont, CA -- January 21, 2003 - Logitech (Nasdaq:LOGI) (Switzerland:LOGN) has posted its best quarter yet, with strong holiday sales across both traditional and new product categories. Revenue for the quarter ended December 31, 2002 reached USD 351.8 million, an increase of 18 percent over the same quarter last year. Operating income was USD 50.8 million, an increase of 20 percent over the same quarter of the previous year. Net income of USD 40.4 million (USD 0.80 per share) was 22 percent higher year over year. Gross margin was 33.3 percent, compared with 34.7 percent for the same quarter last year. Retail sales increased by 15 percent over the same quarter last year and represented 85 percent of total revenue for the quarter. OEM sales grew by 37 percent year over year, as the Company continued to expand its OEM offerings. "We are extremely pleased with our continued ability to meet challenges and show significant growth during this prolonged period of difficulty for the high-tech industry and weaker consumer spending," said Guerrino De Luca, president and chief executive officer. "Our third-quarter results reflect both a solid foundation and the ability to innovate within our core product lines, as well as our increasing success in markets we have entered more recently, such as PC speakers and gaming consoles. We believe this speaks to the soundness of our strategy of expanding our PC-based product portfolio while at the same time introducing personal interface products that address alternate computing platforms." Third quarter highlights included: Reaching a cordless milestone: 30 million cordless devices sold 23 percent increase in overall unit sales of Logitech branded products Revenue from products for gaming console systems more than doubled 142 percent increase in revenue from sales of Logitech branded speakers Establishment of a strategic distribution partnership with Digital China, the largest systems integrator and distributor of IT products in China Introduction of pen and paper to the digital world with the launch of the Logitech® io™ Personal Digital Pen "During calendar year 2002, we passed the USD 1 billion mark in sales for the first time in Logitech's history," added Mr. De Luca. "In acknowledging this milestone, we are optimistic that our product portfolio, our geographic presence and the skills and dedication of our employees will allow us to maintain double-digit growth and sustained profitability." For the current quarter ending March 31, 2003, the Company expects revenue to range between USD 285 million and USD 290 million and operating income to reach approximately USD 32 million. Reaching these targets would lead the Company to exceed its revenue and operating income goals for the full fiscal year 2003 of USD 1.07 billion and USD 120 million respectively. Logitech provided a preliminary target for the coming fiscal year 2004, ending March 31, 2004, of revenue growth in the order of 10 percent and operating income growth in the order of 15 percent over the current fiscal year. There will be an earnings teleconference today at 9:00 AM Pacific Time/12:00 PM Eastern Time/18:00 Central European Time to discuss these results as well as guidance regarding revenues and operating income for both the fourth quarter and year ending March 31, 2003, and the full fiscal year ending March 31, 2004. In addition, a live webcast of the teleconference will be accessible at http://www.logitech.com. A replay of this teleconference will be made available through February 7, 2003 on the Logitech web site. Please visit the web site at least 10 minutes early to register for the teleconference webcast.