Logitech rises on FY outlook hike, as improving demand boost Q2 numbers
** Shares in Logitech International LOGN.S rise 3.4% in Julius Baer pre-market trade as the Swiss computer keyboard and mouse maker raised its FY outlook for 2025, with a set of strong Q2 figures, driven by improving demand
** Logitech now expects FY sales to be between $4.39 billion and $4.47 billion (4.06 billion-4.13 billion euros), compared to the earlier target of $4.34 billion to $4.43 billion
** Its non-GAAP operating income is now expected to be in a range of $720 million to $750 million vs $700-$730 million previously targeted
** "Our strong results and overall business momentum give us the confidence to raise our annual outlook," CFO Matteo Anversa said
** "Logitech delivered another solid quarter, confirming its return to growth while generating very high gross and operating margins which trend above the long-term target corridor," Vontobel says
** The company's Q2 sales grew 6% to $1.12 billion, up from $1.06 billion a year earlier
** The stock, which has lost 3.7% YTD, is seen at the top of the Swiss blue chip index .SSMI
(1 euro = $1.0821)
Reporting by Ozan Ergenay
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