Filings/LOGN/ANNUAL

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KPIsSections8

Income flow

Headline metrics
Revenue — GREEN€2.79B+8.6% YoY
Gross margin — GREEN37.2%
Net income — GREEN€257.6M+23.5% YoY
Net margin — GREEN9.2%
Operating margin — GREEN9.4%
Income Statement
Income Statement
MetricValueFlag
Cost Of Revenue€1.74BGREEN
Gross Margin37.2%GREEN
Gross Profit€1.04BGREEN
Income Tax Expense€13.6MGREEN
Net Income€257.6MGREEN
Net Margin9.2%GREEN
Operating Income€263.2MGREEN
Operating Margin9.4%GREEN
Pre-tax Income€271.1MGREEN
Revenue€2.79BGREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Cash & Equivalents€604.5MGREEN
Total Assets€2.02BGREEN
Total Equity€1.18BGREEN
Total Liabilities€847.8MGREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating Cash Flow€305.2MGREEN

Sections in this filing

Operating and Financial Review

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This page is intentionally left blank. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following Management’s Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements that involve risks and uncertainties. The Company’s actual results could differ materially from those anticipated in these statements as a result of certain factors, including those set forth in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission and posted to the Company’s Investor Relations website, under Item 1A, Risk Factors, in Item 7A, Quantitative and Qualitative Disclosures about Market Risk (which also appears below), and elsewhere. Please read the following discussion and analysis of our financial condition and results of operations together with our consolidated financial statements and related notes included in this Annual Report. Terms used and not otherwise defined in this Annual Report have the meanings set forth in the Company’s Annual Report on Form 10-K. Overview of Our Company Logitech is a world leader in designing, manufacturing and marketing products that help connect people to digital and cloud experiences. More than 35 years ago, Logitech created products to improve experiences around the personal computer (PC) platform, and today it is a multi-brand, multi-category company designing products that enable better experiences consuming, sharing and creating digital content for computing, gaming, video and music, whether it is on a computer, mobile device or in the cloud. Logitech's brands include Logitech, Jaybird, Ultimate Ears, Logitech G, ASTRO Gaming and Blue Microphones. Logitech was founded in Switzerland in 1981, and Logitech International S.A. has been the parent holding company of Logitech since 1988. Logitech International S.A. is a Swiss holding company with its registered office in Apples, Switzerland, which conducts its business through subsidiaries in the Americas (including North and South America), EMEA (Europe, Middle East, Africa) and Asia Pacific (including, among other countries, China, Taiwan, Japan, India and Australia). Shares of Logitech International S.A. are listed on both the SIX Swiss Exchange, under the trading symbol LOGN, a