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Home workers make Logitech a lockdown winner

Reuters Videos
Updated

Home workers and computer gamers are making Logitech a lockdown winner.

The maker of mice, keyboards, video conferencing cameras and other peripherals is seeing profits soar.

Over the latest quarter it saw operating income rise more than three-fold.

In 2021 Logitech now expects sales growth of up to 60% for the full year.

That's a rise from earlier estimates of up to 40%, and marks the third time it's lifted its forecast.

The Swiss-American company now expects operating income to exceed 1 billion dollars - also way up on earlier targets.

Chief Executive Bracken Darrell says Logitech thinks the growth will continue, and is investing in capabilities and people to meet demand.