Logitech loses revenue and reduces net profits

Logitech loses revenue and reduces net profits

The Swiss company Logitech, a well-known manufacturer of computer peripherals, accessories and game amateurs, published performance indicators in the first quarter of the 2023 fiscal year, which was closed on 30 June.

The three-month loan was $1.16 billion. This is 12% less than a year ago when the company received approximately $1.31 billion in revenue.

The operating surplus, calculated in accordance with generally accepted accounting principles, was $115.5 million. The annual fall was about 43%.

The net return for the year fell by 46%, from $186.8 million to $100.8 million.

In the current situation, Logitech is forced to lower the revenue forecast for the current fiscal year: it is now said that income will decline by 4 - 8 per cent, whereas previously growth was expected by 2 - 4 per cent.