Logitech(US:LOGI)2021-10-26 13:34Financial Performance - Q2 FY2022 - Net sales increased by 2% (CC) to $1.31 billion, marking a record for Q2[5] - Gross margin was 42%, aligning with the company's long-term target range of 39%-44%[5] - Operating profit reached $211 million, reflecting strategic investments to support growth[5] - Cash flow from operations was negative $63 million, while $279 million was returned to shareholders through dividends and share repurchases[5] - Earnings per share was $1.05[8] Sales Growth and Regional Performance - Net sales reached $1,306 million, a 4% increase year-over-year (Y/Y), or 2% in constant currency (CC)[7, 10] - Americas net sales was $542 million[12] - EMEA net sales was $399 million[12] - Asia Pacific net sales was $365 million[12] - Sell-through growth was 15%[12] Investments and Expenses - Operating expenses increased to $337 million, representing 25.8% of sales, up from 17.6% in Q2'21[7] - Sales and marketing (S&M) expenses rose by 66%[15] - Research and development (R&D) increased by 29%[15] Product Category Performance - Pointing Devices grew by 10% (CC)[11] - Keyboards & Combos grew by 15% (CC)[11] - Gaming increased by 9% (CC)[11] - PC Webcams decreased by 9% (CC)[11] - Video Collaboration sales decreased by 4% (CC)[11] Sustainability Initiatives - The company is committed to carbon neutrality this year and net-zero emissions by 2030[3]