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Computer parts maker Logitech raises 2025 sales forecast on strong demand
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Computer parts maker Logitech raises 2025 sales forecast on strong demand
Jan 28, 2025 2:34 PM

ZURICH, Jan 28 (Reuters) - Logitech International

raised its full-year forecast on Tuesday, after

reporting higher sales and profit for its important pre-holiday

quarter, supported by strong demand for computer hardware

products for businesses and gamers.

The Swiss-American company, which makes products such as

keyboards, mouse and webcams, said its sales rose nearly 7% to

$1.34 billion in what is traditionally its "biggest quarter of

the year". That compares with the consensus estimate of $1.25

billion, according to Visible Alpha.

Its adjusted operating profit for the third quarter ended

December also rose 7% to $266 million.

Logitech CEO Hanneke Faber said gaming sales were "near

pandemic-high levels" thanks to a series of launches ahead of

the holidays. "We delivered near record sales in our premium Pro

Gaming and MX portfolios."

The company now expects its fiscal 2025 sales in the range

of $4.54 billion to $4.57 billion, compared with its previous

forecast of $4.39 billion to $4.47 billion.

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