Logitech’s quarterly sales down 12% to $1.15 billion By Reuters


© Reuters. FILE PHOTO: Logitech mouses are seen in the computer shop in Zenica, Bosnia and Herzegovina October 20, 2020. REUTERS/Dado Ruvic


(Reuters) – Logitech (NASDAQ:) International reported a big drop in quarterly sales and profit as the computer peripherals maker was hit by tough comparisons, a strong dollar and fragile consumer confidence as economies slow down around the world.

The maker of keyboards, mice and headsets posted a 12% decline in sales at $1.15 billion in the three months ended Sept. 30. In constant currencies, which removes the impact of exchange rate swings, sales was down 7%.

Logitech also said its chief financial officer, Nate Olmstead, will be leaving the company.

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