Q4 FY2021 Logitech Results
KEY MESSAGES - FISCAL YEAR 2021
8th year of consecutive sales growth¹, with FY'21 sales up 74% (CC) and over $2.2B versus the
prior year
Our three largest categories reached new milestones, with Creativity & Productivity (C&P) sales
over $2B and both Video Collaboration and Gaming sales each exceeding $1B
Gross margin increased to 44.8%, driven by robust sales volume, lower promotional spending,
and favorable product mix that more than offset elevated logistics costs
Operating profits more than tripled to $1.27B after funding significant investments in
marketing, innovation, and sales coverage
Cash flow from operations reached an all-time high of $1.46B, up from $425M last year,
via operating profit growth and significant improvements in working capital efficiency
Raising FY 2022 outlook for non-GAAP operating income to $800-850M (versus prior $750-
800M) while maintaining flat +/- 5% sales growth (CC) off a higher sales base
Note: Results are non-GAAP, except for cash flow from operations. Sales are net sales and comparisons are Y/Y and in constant currency unless otherwise specified.
(1) Retail sales.View entire presentation