Welcome to our dedicated page for Logitech Intl S A news (Ticker: LOGI), a resource for investors and traders seeking the latest updates and insights on Logitech Intl S A stock.
Logitech International S.A. (LOGI) designs premium computer peripherals and collaboration tools for global professionals, gamers, and digital creators. This page serves as the definitive source for verified company announcements and market developments.
Access real-time updates on financial performance, product innovations, and strategic partnerships directly from official sources. Our curated collection includes quarterly earnings reports, product launch details, and sustainability initiatives, providing comprehensive insights for informed decision-making.
Discover critical updates across key business areas including enterprise solutions, consumer electronics innovations, and environmental responsibility programs. All content is sourced from authorized channels to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to LOGI's latest corporate communications. Check back for essential updates that shape understanding of the company's market position and technological leadership in the peripherals sector.
Logitech G, a leading gaming technology innovator, announces the return of Logi PLAY on September 17th, 2024. This global event celebrates gaming innovation, community, and play, featuring an unprecedented lineup of new product announcements and partnerships. The event will stream from multiple locations worldwide, including Paris, Berlin, Shanghai, and Silicon Valley, ensuring global participation.
Highlights include:
- A global livestream on major platforms like Twitch and YouTube
- New product launches from Logitech G and partners
- Interactive community engagement sessions
- 13 Days of unique deals on bestselling gear from September 17-29
Logi PLAY 2024 starts at 10:00 AM PDT and 7:00 PM CEST. Registration is now open at www.logitechg.com for this exciting celebration of gaming technology and community.
Logitech has achieved significant recognition in Fast Company's 2024 Innovation by Design Awards. The company won the Learning category for its Zone Learn headset, designed to appeal to children. Additionally, Logitech was named an honoree in the Product and Enterprise categories for its Casa Pop-Up Desk and Logi Dock Flex reservation system, respectively.
Fast Company's annual awards highlight projects that demonstrate ingenuity, problem-solving capabilities, and potential for positive industry impact. Malin Leschly, Logitech's Chief Design Officer, expressed gratitude for the recognition, emphasizing the company's commitment to designing products with meaningful global impact for users of all ages.
Logitech International (SIX: LOGN, Nasdaq: LOGI) has announced the appointment of Matteo Anversa as its new Chief Financial Officer (CFO), effective September 1, 2024. Anversa will join Logitech's Group Management Team, reporting to CEO Hanneke Faber. With extensive experience in engineering, industrial technology, and B2B sectors, Anversa has previously held leadership roles at Fiat Chrysler Automobiles, Ferrari, General Electric, and Gentherm.
CEO Hanneke Faber highlighted Anversa's global perspective, drawn from his work and life in Asia, Europe, and North America, and his potential contribution to serving enterprise customers. Anversa expressed enthusiasm about joining Logitech, citing the company’s innovation-driven culture and strong growth potential.
Meeta Sunderwala, the interim CFO and chief accounting officer, was acknowledged for her support during the CFO transition.
Logitech International (SIX: LOGN) (Nasdaq: LOGI) has published its Annual Report for Fiscal Year 2024, which ended on March 31, 2024. The report is now accessible on the company's investor relations website and the SEC's website. This announcement, made in Lausanne, Switzerland, and San Jose, California, is in accordance with the SIX Swiss Exchange's ad hoc announcement requirements under Art. 53 LR. The availability of the annual report provides investors and stakeholders with comprehensive insights into Logitech's financial performance, business strategies, and operational highlights for the fiscal year 2024.
Logitech International (SIX: LOGN) (Nasdaq: LOGI) has filed its Quarterly Report on Form 10-Q for the first quarter of Fiscal Year 2025 with the U.S. Securities and Exchange Commission (SEC) on July 25, 2024. This filing is a routine regulatory requirement for publicly traded companies and provides detailed financial information for the specified period. The report is now available for public access on both the SEC's website (www.sec.gov) and Logitech's investor relations website (http://ir.logitech.com). This filing allows investors and analysts to review Logitech's financial performance and position for the most recent quarter.
Logitech is accelerating its sustainability efforts through Design for Sustainability, prioritizing carbon reductions across its product portfolio. The company has reduced its carbon footprint by 58% since 2019 and value chain emissions by 24% compared to 2021. Key initiatives include:
1. Next Life Plastics program: 73% of products use recycled plastic, eliminating over 25,000 tCO2e in 2023.
2. Low-carbon aluminum: Used in 66 product lines, saving 13,000 tCO2e in 2023.
3. Renewable electricity in factories and solar panel installation.
4. Smart battery features and recycled fabrics in new designs.
5. FSC-certified paper packaging for nearly 20% of products.
Logitech's approach focuses on designing smarter, with less, and for progress to achieve its 2030 science-based emissions goals.
Logitech International (NASDAQ: LOGI) reported strong Q1 FY2025 results, with net sales growing 12% to $1.1 billion. GAAP operating income surged 96% to $153 million, while non-GAAP operating income rose 67% to $182 million. GAAP EPS increased 136% to $0.92, and non-GAAP EPS grew 74% to $1.13. The company experienced growth across all regions and key categories.
Based on these results, Logitech raised its FY2025 outlook. The new forecast projects sales of $4.34 - $4.43 billion (1-3% growth) and non-GAAP operating income of $700 - $730 million (0-4% growth). CEO Hanneke Faber attributed the strong performance to disciplined execution and high-quality, broad-based growth.
Logitech International (NASDAQ: LOGI) has released its FY24 Impact Report, highlighting significant progress in carbon reduction and sustainability efforts. The company has reduced its Scope 1 and 2 emissions by 58% since 2019 and Scope 3 emissions by 24% compared to 2021. Through its Designing for Sustainability (DfS) initiative, Logitech achieved a reduction of nearly 139,000 tons CO2e across its portfolio and operations in 2023.
Key achievements include:
- 75% of products now use recycled plastics
- 66% of products are carbon labeled
- 66 product lines use low-carbon aluminum
- 94% of electricity comes from renewable sources
Logitech has also made strides in equity and inclusion, achieving gender parity in its leadership team and 40% female representation on its Board of Directors.
Last month, Logitech's female leaders made a significant impact at the Dublin Tech Summit, a key European tech event. Anne Carrigy, Logitech's CIO, emphasized the role of AI in augmenting human capabilities during a panel discussion. Carrigy highlighted practical AI applications like Logitech's RightSight, which enhance productivity in remote meetings. She stressed AI's potential in democratizing digital access while maintaining human-centric values. Additionally, Emerald de Leeuw, Head of Privacy and AI Governance, discussed AI ethics, focusing on data protection and ethical standards. Logitech's participation underscores its commitment to ethical AI and human-centric technology.
Logitech G has introduced the G309 LIGHTSPEED Wireless Gaming Mouse, targeting gamers of all levels with advanced features and technologies. Priced at $79.99 and available from July 9, 2024, the mouse features dual-wireless connectivity, precision tracking, and the efficient HERO 25K sensor, offering over 300 hours of continuous gameplay with a 1 ms report rate on one AA battery, and 600 hours in Bluetooth mode. The mouse weighs 86 grams with the battery and 68 grams without it when using the POWERPLAY wireless charging system. The G309 also incorporates LIGHTSPEED technology for faster performance than wired mice and LIGHTFORCE hybrid optical-mechanical switches for improved actuation and response.
