Logitech Announces First Quarter Financial Results for FY 2011

(Auszug aus der Pressemitteilung)

FREMONT, Calif., July 28, 2010 and ROMANEL-SUR-MORGES, Switzerland, July 29, 2010 – Logitech International today announced financial

Sales for Q1 FY 2011 were $479 million, up 47 percent from $326 million in the same quarter
last year. Excluding the unfavorable impact of exchange rate changes, sales increased by 50
percent. Operating income was $12 million, compared to an operating loss of $35 million in
the same quarter a year ago. Net income for Q1 was $20 million ($0.11 per share) compared
to a net loss one year ago of $37 million ($0.21 per share). Gross margin for Q1 FY 2011
was 35.3 percent, up from 23.9 percent in Q1 FY 2010.

Logitech’s retail sales for Q1 FY 2011 increased by 39 percent year over year, with sales up
by 66 percent in the Americas, 24 percent in Asia and 21 percent in EMEA. OEM sales increased
by 38 percent.

“Logitech’s Fiscal Year 2011 is off to a strong start,” stated Gerald P. Quindlen, Logitech
president and chief executive officer. “We exceeded our sales and profitability targets and
achieved our best-ever Q1 gross margin. And we had robust growth in most of our retail product
categories, led by Harmony remotes and pointing devices. Based on our strong Q1 performance
and improving consumer demand for our products, we are increasingly optimistic
about our fullyear performance for Fiscal Year 2011 and have raised our outlook accordingly.
Furthermore, we are enthusiastic about the pending launch of Logitech products for Google
TV and the potential for further upside to our FY11 sales outlook.”

Outlook
For Fiscal Year 2011, ending March 31, 2011, Logitech has raised its sales outlook from
approximately $2.3 billion to the range of $2.3 to $2.35 billion. The target for operating income
has been raised from approximately $156 million to a range of $160 to $170 million.
Expected gross margin has increased from approximately 34 percent to the range of 34 to 35
percent. The tax rate, formerly expected to be approximately 18 percent, is now expected to
be approximately 16 percent.