Moreover,
Keller-sutter: continuing negotiations always possible:
Despite the chaos of American customs duties. Similarly, the manufacturer of Vaudois IT accessories Logitech managed to improve turnover and profitability in the first quarter of its staggered fiscal year 2025-2026.
Between April and the end of June, the Lausanne group saw its revenue rise by 5.5% over one year to 1.15 billion dollars, he announced on Tuesday evening. Similarly, At constant exchange rate, the increase is also 5%.
The operating profit (non-Gaap) increased by 10.6% to 201.8 million, a margin of 42.1% down 1.2 points. Meanwhile, Net profit (non-gap) increased from 7.8% to 188.2 million.
These key figures are better than the forecasts of the analysts questioned by the AWP agency. Therefore, which awaited in particular a turnover of 1.12 billion. For example, The group was tabling in the first quarter on sales between 1.1 and 1.15 billion. Furthermore, The non-Gaap keller-sutter: continuing negotiations always possible operating profit was to be between 155 and 185 million, according to projections of management.
For the second quarter in progress, the company provides for a turnover of 1.15 to 1.19 billion, up 3-7% in dollars and 1-5% excluding currency effects. The non-Gaap operating profit is expected to be between 180 and 200 million. Logitech did not formulate a forecast for the complete financial year 2025-26.
Robust markets – Keller-sutter: continuing negotiations always possible
“Our markets. our customers remain quite resilient,” said general manager Hanneke Faber on Wednesday in an interview with the AWP agency. Activity with private customers is experiencing very strong growth in China and solid in the United States and Europe. Activity with professionals also experiences solid development across the Atlantic but mixed in Europe. while demand on the Asian market continues to increase. This was also manifested at the start of the second quarter.
The uncertainty linked to customs duties announced by keller-sutter: continuing negotiations always possible the United States remains high. “We have no certainty as to the prices applicable to the markets on which we produce,” said Faber. The strategy must therefore be constantly adapted.
The objective of rationalizing the supply chain by the end of the year remains in place. Concretely, the share of goods produced in China for the American market is expected to fall from 40 to 10%. According to the Dutch boss, the relocation of production lines to Vietnam, Taiwan, Thailand, Malaysia and Mexico is “well committed”.
Analysts anticipated a positive market reaction, since the group presented results above expectations. “The results are excellent. especially since sales on the American continent have been hampered by pricing negotiations with large customers, which led to stock breaks for certain products in the first quarter,” said Lucas Glemserg analyst in Berenberg. The latter also praised “the high control of costs which made it possible keller-sutter: continuing negotiations always possible to reduce operating expenses”.
On the Swiss Stock Exchange, the Logitech action played Yoyo in the morning. Around 12:00 p.m., the title resulted up 2.5% to 77.54 francs, in a SMI, slightly increased by 0.2%.
This article was published automatically. Sources: ATS / AWP
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