On the occasion of its quarterly publication, Logitech International raised its targets for the 2023-24 financial year, now expecting adjusted operating profit (non-GAAP) of between $610 and $660 million (instead of $525 to $575 million).

Similarly, the Swiss manufacturer of digital accessories now anticipates annual sales of between 4.2 and 4.25 billion dollars (instead of 4 to 4.15 billion), an expected drop of 6 or 7% on the previous year.

For its third accounting quarter, Logitech saw its adjusted EPS rise by 34% to $1.53 and its adjusted operating profit increase by 22% to $248 million, on revenues down 1% to $1.26 billion (-3% in local currencies).

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