(Reuters) -Logitech International stated on Wednesday it prepares to redeem $2 billion well worth of its shares over the following 3 years, and will certainly enhance its existing buyback program by $600 million.
The business additionally anticipated 2026 sales to vary from $4.53 billion to $4.71 billion, showing prospective development in the variety of 1% to 3% in united state bucks.
Logitech, whose items consist of computer system mice to key-boards and web cams, verified its support for its 2025 fiscal year, which goes to completion of March.
The Swiss-American business, which appreciated a sales rise throughout the pandemic lockdown, had formerly stated it anticipated its sales to expand by 5.4% to 6.4% to get to $4.54 to $4.57 billion.
Logitech had actually elevated its full-year projection in late January, after reporting greater sales and revenue for its vital pre-holiday quarter.
(Reporting by John Revill and Bipasha Dey; Editing by Varun H K)
