Wednesday, March 29, 2023

Logitech suffers profit slump

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The bottom line is that net income fell by a third to $140.2 million.

Operating profit (non-GAAP) fell by 32 percent to $ 204.2 million in the months of September to December 2022, as the Swiss-American group announced on Tuesday. Sales also plunged 22 percent to $1.27 billion. The appreciation of the dollar left its mark: at constant currencies, sales would only have fallen by 17 percent.

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