罗技Logitech International SA (LOGI) 2016财年年度报告「NASDAQ」.pdf

1、2016 Annual General Meeting Invitation,Proxy Statement and Annual ReportLetter to Shareholders(i)WE ARE PLEASED TO REPORT AN EXCELLENT FISCAL YEAR 2016 THE CULMINATION OF THREE YEARS OF REINVENTION.IN FACT,AS WE ENTER OUR 35TH YEAR,WE FEEL LIKE A YOUNG COMPANY.Three key foundational strengths drove

2、our FY 2016 performance,as well as our transformation these past years:innovation,execution,and cost management.As a result,we ended the year with our strongest retail sales growth in five years.Key highlights include*:Sales of$2.02 billion grew 1 percent compared to FY 2015.Retail sales(the entire“

3、go-forward”business)grew 9 percent in constant currency.GAAP operating income was$129 million,with earnings per share at$0.77.Non-GAAP operating income was a better-than-expected$179 million,with earnings per share at$0.98.We returned$156 million to you,our shareholders,in the form of dividends and

4、share repurchases and delivered our twenty-second consecutive year of positive cash flow.We still ended the year with more than$0.5 billion in cash.A deeper dive into these numbers,and Logitechs activities throughout the year,gives greater detail on what has been a terrific year.ANOTHER YEAR OF PROF

5、ITABLE GROWTHLast year,we outlined the importance of Logitechs Retail Strategic business essentially our entire business(more than 90 percent)excluding Lifesize,which we separated,and OEM,which we exited.This new Logitech that remains grew 9 percent in constant currency sales in FY 2016,more than ou

6、r original outlook and more than twice the growth of FY 2015.We posted gains in constant currency sales year-over-year in Gaming(up 23 percent),Mobile Speakers(up 37 percent)and Video Collaboration(up 51 percent).We also increased sales in PC Peripherals:our Mice and Keyboard categories grew 6 perce