Logitech continues record-breaking run
Swiss computer peripheral maker Logitech has posted its tenth consecutive record annual result, with a net profit of $231 million (SFr234 million) for 2007/2008.
The figure was a slight 0.4 per cent increase over the previous fiscal year. Sales reached $2.4 billion, up 15 per cent.
Income from computer mice compensated for lower sales in the company’s video division, which includes webcams. The firm also makes speakers and keyboards, as well as game controllers.
The fourth quarter was the best ever in the company’s history, with sales rising 17 per cent to reach $601 million despite a slowing United States economy.
Logitech is aiming for a 15 per cent increase in sales and operating income for the coming year.
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