Welcome to our dedicated page for Logitech International SA news (Ticker: LOGI), a resource for investors and traders seeking the latest updates and insights on Logitech International SA stock.
Logitech International S.A. is a renowned Swiss-American multinational company specializing in the design, manufacture, and marketing of computer peripherals and software. Established in 1981 and headquartered in both Lausanne, Switzerland, and Newark, California, Logitech has grown to become a leading name in the tech industry.
The company offers a wide array of products, including mice, keyboards, webcams, conference room cameras, headsets, and music-related items such as wireless speakers. Logitech's commitment to innovation and quality has earned it a significant share of the global market for computer accessories.
Recent developments highlight Logitech's dedication to sustainability and environmental responsibility. In April 2024, Logitech announced its Design for Sustainability (DfS) initiative, focusing on creating products with a reduced environmental impact. This includes experimenting with materials like cork, which is lightweight, heat-resistant, and impermeable. Logitech's innovative culture aims to replace traditional plastics with more sustainable alternatives.
Notably, Logitech has made strides in using post-consumer recycled plastic, which they term 'Next Life plastic.' This initiative is part of their broader strategy to minimize the carbon footprint and promote a circular economy. In 2022, Logitech successfully eliminated 500 tons of single-use plastic from its packaging, a testament to its ongoing commitment to environmental sustainability.
Logitech continues to push the boundaries of design and technology, fostering a workplace environment that encourages innovation and sustainability. The company's dedication to these principles not only helps protect the planet but also positions it as a leader in the tech industry.
Logitech (NASDAQ: LOGI) has unveiled the Rally Camera Streamline Kit, a USB Pan Tilt Zoom (PTZ) video solution targeting hyflex learning environments and modern workspaces. The kit, built around Logitech's flagship Rally Camera, features easy preset camera view switching and simplified installation.
The solution includes the Rally Camera, an Extension Kit with a camera side base that can connect up to 100 meters away via category cable, and a control box for USB-based AV equipment integration. The kit offers versatile mounting options and works with most operating systems and popular video collaboration platforms.
The Rally Camera Streamline Kit will be available for pre-order in spring 2025 at a suggested retail price of $2,199. The package includes the Rally Camera, Extension Kit, mounts, and three preset buttons, with additional components available as add-ons.
Logitech G's Streamlabs (NASDAQ: LOGI) announced a collaboration with NVIDIA and Inworld AI to develop an intelligent streaming assistant. The AI-powered tool features three main functions: a 3D Sidekick that serves as an interactive co-host, a Producer that manages scenes and stream elements, and a Technical Assistant for setup and troubleshooting.
The assistant leverages NVIDIA ACE's digital human technologies for animations and 3D rendering, while Inworld provides the cognitive engine for processing inputs and executing commands. The system will run on local GeForce RTX GPUs for low latency performance. The streaming assistant will be available through the Streamlabs App Store, with its formal unveiling planned for CES 2025 and release projected for the first half of 2025.
Logitech International (NASDAQ: LOGI) has announced the schedule for releasing its third quarter fiscal year 2025 financial results. The company will release the results on Tuesday, January 28, 2025 at 1:00 p.m. Pacific Standard Time (PST) / 10:00 p.m. Central European Time (CET). A videoconference to discuss the results will follow at 1:30 p.m. PST / 10:30 p.m. CET on the same day. Investors can access the livestream of the event through Logitech's corporate website at ir.logitech.com.
Logitech (LOGI) has been included in the Dow Jones Sustainability Index (DJSI) for Europe for the fifth consecutive year, highlighting its strong Environmental, Social, and Governance (ESG) performance. The company's sustainability achievements include:
- Progress toward 50% indirect carbon emissions reduction by 2030
- Three-quarters of products using recycled plastic material
- 66% of products now carbon labeled, targeting 100% by 2025
- 94% electricity from renewable sources
- CDP Supplier Engagement Leader status for third consecutive year
The company received multiple recognitions, including an MSCI 'AAA' rating and 'Prime' status from ISS. Chief Operating Officer Prakash Arunkundrum emphasized their commitment to sustainability through innovative materials, technologies, and processes to reduce carbon emissions and advance circular solutions.
Logitech (LOGI) has been included in the Dow Jones Sustainability Index (DJSI) for Europe for the fifth consecutive year, highlighting its strong Environmental, Social, and Governance (ESG) performance. The company has made significant progress in its sustainability initiatives, including its commitment to reduce indirect carbon emissions by 50% by 2030.
Key achievements include:
- 75% of products now use Next Life recycled plastic
- 66 product lines utilize low-carbon aluminum
- 66% of products feature carbon labeling
- 94% of electricity footprint comes from renewable sources
Logitech has also received notable recognition, including an MSCI 'AAA' rating, ISS 'Prime' status, and ranks among the Top 5 in Vontobel's Swiss Equities ESG Report. The company continues to demonstrate leadership in Supply Chain Management, Product Stewardship, Climate Strategy, Biodiversity, and Human Rights.
Logitech has achieved significant recognition in employer rankings, securing the #20 position globally and #1 in Switzerland on Forbes' World's Best Employers list for 2024. This marks Logitech's first appearance on this prestigious ranking, which evaluated 850 companies worldwide.
The selection process, conducted by Forbes in partnership with Statista, involved surveying over 300,000 employees across 50+ countries. Companies needed to have at least 1,000 employees and operate in minimum two continental regions. The assessment criteria included employee recommendations, salary satisfaction, talent development opportunities, and remote work options.
Additionally, Logitech ranked #94 on the Financial Times' Best Employers Asia-Pacific 2025 list, which reviewed over 300,000 recommendations across 500 companies. The company attributes these achievements to its focus on creating a welcoming culture that encourages innovation and values employee contribution.
Logitech has expanded its refurbished products offering through its online platforms Logitech.com, LogitechG.com, and a new presence on eBay's Refurbished brand store. The company's Certified Refurbished program offers pre-owned devices that undergo thorough testing, repairs, and quality checks to ensure like-new condition. These products come with required accessories, manuals, and warranty coverage.
The initiative emphasizes cost-effectiveness, with refurbished devices available at significantly lower prices than new items. Each product undergoes third-party inspection and certification before returning to the marketplace. The program aligns with growing consumer interest in sustainable technology consumption and reduced electronic waste.
Logitech announces support for UC San Diego's Scripps Institution of Oceanography students to attend the 2024 UN Climate Conference (COP29) in Baku, Azerbaijan. The conference focuses on providing financial support for developing countries to reduce greenhouse gas emissions and manage climate challenges.
The PR features an interview with Scripps PhD Student Vanessa Minnis, who discusses her research on using microbes in soil to increase carbon dioxide absorption. She emphasizes the importance of COP29 for global climate action, highlighting the need for better technology in climate research and the significance of connecting scientific findings with policy decisions.
Logitech celebrated International Wellbeing Month in October with a focus on connecting wellness and productivity. The company partnered with creators in North America to promote workplace wellbeing and digital wellness.
The initiative emphasized the relationship between feeling good and producing great work, with creators sharing personal experiences about mental health, wellbeing, and ergonomic living. These partnerships helped spark meaningful discussions about wellness, balance, and ergonomics in the digital workspace.
The campaign's core message centered on Logitech's mission that better work habits lead to improved well-being and enhanced performance.
Logitech International (NASDAQ: LOGI) has announced its upcoming Analyst & Investor Day scheduled for March 5, 2025. The event will take place at 12:00 p.m. Pacific Standard Time and 9:00 p.m. Central European Time, offering both in-person and videoconference attendance options.
During the event, company executives will present Logitech's mission to extend human potential in work and play, discuss long-term strategy, and showcase industry-leading innovation. The program includes product experiences, a Q&A session, and a networking reception. A livestream and replay will be available on Logitech's corporate website.
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