April 25, 2013 / 8:41 AM / 4 years ago

STOCKS NEWS EUROPE-Logitech shares fall 7 pct after sales drop

Shares in Logitech International fall over 7 percent to their lowest level since early March after the world’s biggest producer of computer mice reports a 12 percent drop in sales in the fourth quarter.

The fall comes as the Logitech CEO says he will keep videoconferencing unit LifeSize following a strategic review.

“Logitech remains a construction site with restructuring continuing and repositioning in progress. Tablet Accessories are successful but only 7 percent of total sales and thus not sufficient to bring Logitech back to growth,” says Vontobel analyst Michael Foeth, who has a ‘hold’ rating on the stock.

For more double click on

Reuters Messaging: emma.farge.thomsonreuters.com@reuters.net

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below