罗技Logitech International SA (LOGI) 2004财年年度报告「NASDAQ」.pdf

1、L O G I T E C H A N N U A L R E P O R T 2 0 0 4Logitech.MAKING THE DIGITAL WORLD MORE PERSONAL AND INTUITIVE.RENDRE LUNIVERS DIGITAL PLUS PERSONNEL ET PLUS CONVIVIAL.DIE DIGITALE WELT PERSNLICHER UND UNMITTELBARER GESTALTEN.85742842761810990631005661120499000102031000401020398.8132.254.797.245.175.0

2、123.9145.6LOGITECHSWISS PERFORMANCE INDEXMARCH 31,1999 MARCH 31,20040030.041.0997.116.2OPERATING INCOMENET INCOMESHARE PERFORMANCE(based on an initial investment of 100 Swiss francs)INCOME(in millions of dollars)REVENUE(in millions of dollars)1,2681,100040102030059294473699448enfrdeTo our Shareholde

3、rs,Partners and Employees:Logitechs Fiscal Year 2004was a year ofmomentum.We exceeded our financial goalsand achieved our sixth consecutive year ofrecord revenue and profitability.We continuedto build our strong global brand,which representsquality,design,innovation,affordabilityand thepromise of ma

4、king interaction with the digitalworld more personal and intuitive.We launchedmore than 100new products and shipped morethan 47million units with the Logitech brand.We surpassed the milestone of 500millionmice shipped.And,we saw remarkable growthin most key segments of our business,whilemaking signi

5、ficant progress in positioning otherparts of our business for future success.The company posted revenues of$1.27billion,representing 15percent growth over the prioryear.Net income was$132million($2.69pershare).Operating income was$146million,up17percent.Both our operating margin of 11.5percent and n

6、et margin of 10.4percent wererecord setting.And,we continued to generatestrong cash flow from operations,which,at$166million,set a new record for Logitech.During FY 2004,we repurchased 2.2millionshares of Logitechs stock,for 105million Swissfrancs(approximately$79million).This allowedus to put our c