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    Michael Foeth • Vontobel Holding AG

    Michael Foeth's questions to Logitech International SA (LOGI) leadership

    Michael Foeth's questions to Logitech International SA (LOGI) leadership • Q1 2026

    Question

    Michael Foeth of Vontobel asked about the company's inventory strategy for the upcoming quarter, the outlook for the tablet accessories business, and the potential for accelerating share buybacks.

    Answer

    CEO Hanneke Faber expressed optimism for the tablet accessories business, citing its strategic importance in the education vertical and expecting a good back-to-school season. CFO Matteo Anversa explained that Logitech will continue to opportunistically build inventory to mitigate tariff impacts, leveraging its strong balance sheet without compromising cash flow. He also reiterated the company's commitment to its stated $2 billion, three-year share buyback plan, maintaining a consistent pace unless a stock price dislocation occurs.

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    Michael Foeth's questions to Logitech International SA (LOGI) leadership • Q4 2025

    Question

    Michael Foeth inquired about the potential hurdles and timeline for shifting the U.S. production footprint out of China and asked for an update on the current logistics environment, including freight rates and potential disruptions.

    Answer

    CEO Hanneke Faber explained the production shift is manageable because the company has invested for years in a 'China plus 5' manufacturing footprint, which is already operational. CFO Matteo Anversa stated that they have not yet seen major changes in freight pricing, noting Asia-to-U.S. rates are slightly up year-over-year but have not yet seen expected declines.

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    Michael Foeth's questions to Logitech International SA (LOGI) leadership • Q2 2025

    Question

    Michael Foeth inquired about Logitech's efforts to expand its addressable market by making inroads into new B2B end markets beyond its current success in education.

    Answer

    CEO Hanneke Faber acknowledged the significant long-term opportunity to expand into new B2B verticals like healthcare, retail, and manufacturing, which could more than double the current TAM. However, she explained that this is a longer-term priority and the company is taking a methodical, step-by-step approach. The current focus is on the education vertical, where the company is seeing 'super encouraging' high-20s growth. She suggested more details on future vertical expansion might be shared at a future Analyst & Investor Day.

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