Logitech Worldwide expects revenue hit from coronavirus

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ZURICH (Information) – Logitech Worldwide stated on Tuesday provide issues attributable to the coronavirus outbreak will dent its full 12 months revenue, because it gave its outlook for the following monetary 12 months.

The maker of laptop mice and keyboards for gamers of Fortnite and League of Legends, stated it anticipated working revenue for the 12 months to the tip of March 2020 within the vary of $365 million to $375 million, down from its earlier view for $375 million to $385 million.

“We’re inspired by continued sturdy demand for our merchandise. That stated, we’re barely adjusting our working earnings outlook to account for provide chain uncertainties associated to the trajectory of the coronavirus,” stated Chief Government Bracken Darrell.

The Swiss-U.S. firm stated it anticipated gross sales to extend within the mid-single digit vary in its 2021 monetary 12 months, and working earnings to rise to $380 million to $400 million, it stated, forward of its investor day in New York.