Logitech achieves 1.26 billion dollars in sales in the third quarter
Published: Tuesday, Jan 23rd 2024, 04:11
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Computer accessories manufacturer Logitech generated sales of 1.26 billion US dollars in the third quarter of its 2024 financial year. This corresponds to a year-on-year decline of one percent.
Adjusted operating profit (EBIT, non-GAAP) increased by 22 percent year-on-year to 248 million US dollars. Operating profit EBIT (GAAP) was 22 percent higher than in the previous year at 222 million US dollars, as Logitech announced on Tuesday.
"We achieved solid results in our third quarter," Logitech CEO Hanneke Faber is quoted as saying in the press release. "But we will only be satisfied when we achieve sales growth again."
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