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Logitech Proposes 2013 Dividend, Provides Performance Goals For FY 2016

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Computer interface devices manufacturer Logitech International S.A. (LOGI) announced that its board of directors has approved dividend of CHF 0.21 per share,subject to shareholder approval at Annual General Meeting in September.

Logitech plans to issue an annual dividend on a recurring basis, subject to shareholder approval and other Swiss statutory requirements.

At today's briefing for financial analysts and investors, Logitech plans to discuss its overall business strategy and its strategy for key product categories.

The company plans to reiterate its fiscal 2014 financial outlook announced on April 25, 2013 and discuss its long-range financial performance goals for fiscal 2016: Sales of $2.25 billion, operating income of $150 million and gross margin of approximately 35 percent.

In addition, Logitech also plans to provide a financial performance scenario for how fiscal 2015 may bridge to fiscal 2016. The fiscal 2015 bridge scenario includes: Sales of $2.1 billion, operating income of $90 million and gross margin of 34.5%

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