As new electronic gadgets proliferate, so does the demand for peripheral devices -- computer mice, remote controls, Web cameras, headsets, microphones -- manufactured by Logitech, which celebrates its 25th anniversary this year. That includes tapping into innovations such as Bluetooth and wireless technology. The strongest performer for the Swiss-based company was its cordless desktop and mouse combo, selling more than 1.1 million in U.S. retail stores alone in the year ended November 31, 2005, and leading the category in major European markets, including France and Germany. The company opened a new factory in Suzhou, China, last year to meet the growing demand. The result of this growth has been a 21% boost in sales, to nearly $1.8 billion, and a respectable return on equity of 26.4%. A share-buyback program, the last one totaling $250 million, helped boost shares by 33% in the year ended May 31.
(over prev. year)
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|Total Return on Sales (12-mo.)||
As of 5/31/06
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|Industry||Computers & Peripherals|
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