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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Logitech International S.A.    LOGN   CH0025751329

LOGITECH INTERNATIONAL S.A.

(LOGN)
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Logitech International S A : Commits to Ambitious 1.5C Climate Pledge and 100% Renewable Electricity Goal

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12/04/2019 | 03:02am EST

Company’s Entire Gaming Portfolio Certified CarbonNeutral®

Logitech International (SIX: LOGN) (Nasdaq: LOGI), an award-winning design company and maker of cloud peripheral products, is extending its commitment to future generations by setting ambitious sustainability goals for its products, packaging, and operations. Today, Logitech unveils its support of the Paris Agreement, pledging to limit its carbon footprint to support the ambitious 1.5°C goal and for the Company to be powered exclusively by renewable electricity by 2030.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191204005255/en/

Logitech Designing for Sustainability (Graphic: Business Wire)

Logitech Designing for Sustainability (Graphic: Business Wire)

Tweet now: Logitech commits to being part of global efforts to co-create a more sustainable world with 1.5°C climate pledge and 100% renewable electricity goal. Today @LogitechG @ASTROGaming products are now #certified #carbonneutral! Read more

“For more than a decade, Logitech has actively worked to minimize our climate footprint while designing and delivering products that help better the world. As a small company playing in a global market, we appreciate the value of collaboration, and today we are publically committing to being part of global efforts to co-create a more sustainable world,” said Bracken Darrell, president and CEO of Logitech. “We recognize that Logitech’s growth does not come without an environmental impact and, while we have made progress, we have only just begun our efforts in designing for sustainability.”

  • Logitech commits to support the Paris Agreement, pledging to establish science-based targets to limit its greenhouse gas emissions to support the ambitious 1.5°C trajectory by 2050. The Company is participating in the Science Based Target Initiative (SBTi), and supporting science-based objectives that can be measured across industry and across the globe to affect the real change needed now.
  • As a member of RE100, Logitech commits to source 100% of the Company’s global electricity consumption from renewable sources by 2030. The Company is working to hit the target early - it has already achieved 75% renewable electricity consumption due to its early efforts at its Lausanne, Switzerland and Cork, Ireland offices which now run on 100% renewable electricity. The Logitech manufacturing plant in Suzhou, China, is also a certified CarbonNeutral® building through the purchase of renewable electricity and carbon offsets, reducing 17,000 tonnes of carbon each year.
  • Logitech has long tracked and reported on its sustainable efforts and will now formally align with the U.N.’s Sustainable Development Goals (SDGs). This commitment represents a transformational but natural next step in the Company’s sustainability journey.
  • Logitech expands beyond carbon-neutral operations to carbon-neutral products. All Logitech gaming products are now certified CarbonNeutral®, in accordance with the Carbon Neutral Protocol which is managed by Natural Capital Partners. The carbon footprint of the materials, design, manufacturing, and shipment of all Logitech G and ASTRO Gaming products have been reduced to net-zero emissions. Logitech commits to maintain carbon neutral gaming products and intends to expand the certification to other product categories in the future.

Designing For Sustainability

The biggest opportunities to reduce a product’s environmental impact come early in the design process when key decisions about a product are made. Logitech’s teams across all business groups are integrating environmental impact assessments into new product designs, alongside cost, customer experience, manufacturing, and technical innovation. Each category is exploring how product materials are sourced, assembled, shipped, used and, ultimately, disassembled and recycled. Already the company has converted to sustainable packaging on multiple new Logitech G and MX Master 3 products, started to introduce recycled plastic in its mice, keyboards, and webcams, and removed PVC from new product cables and feasible external parts.

“As an award-winning design company, we are making a pledge to future generations that we will use our leadership in design not only to create a great customer experience but to do so in a way that is sustainable for the planet,” continued Darrell. “We want to leave our mark on the future. We know that mark can be positive or negative, depending on the large and small decisions we make every day.”

For more information on Logitech’s sustainability efforts, go to our Annual Sustainability Report. For more information on Logitech gaming portfolio certified CarbonNeutral® go to our gaming blog.

About Logitech

Logitech designs products that have an everyday place in people's lives, connecting them to the digital experiences they care about. More than 35 years ago, Logitech started connecting people through computers, and now it’s a multi-brand company designing products that bring people together through music, gaming, video, and computing. Brands of Logitech include Logitech, Logitech G, ASTRO Gaming, Streamlabs, Ultimate Ears, Jaybird and Blue Microphones. Founded in 1981, and headquartered in Lausanne, Switzerland, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find Logitech at www.logitech.com, the company blog or @Logitech.

Logitech and other Logitech marks are trademarks or registered trademarks of Logitech Europe S.A. and/or its affiliates in the U.S. and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s website at www.logitech.com.

(LOGIIR)


Business Wire 2019
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Financials (USD)
Sales 2020 2 936 M
EBIT 2020 379 M
Net income 2020 290 M
Finance 2020 701 M
Yield 2020 1,54%
P/E ratio 2020 28,0x
P/E ratio 2021 25,8x
EV / Sales2020 2,53x
EV / Sales2021 2,31x
Capitalization 8 130 M
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 52,06  $
Last Close Price 48,59  $
Spread / Highest target 16,7%
Spread / Average Target 7,12%
Spread / Lowest Target -4,34%
EPS Revisions
Managers
NameTitle
Bracken P. Darrell President, Chief Executive Officer & Director
Wendy Becker Chairman
Nate Olmstead Chief Financial & Accounting Officer
Guerrino de Luca Director
Neil D. Hunt Lead Independent Non-Executive Director
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