Rapport Annuel 2012, Invitation Et Document D'information

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Rapport Annuel 2012, Invitation Et Document D'information Rapport Annuel 2012, Invitation et Document d’Information Geschäftsbericht 2012, Einladung und Informationsmaterial 2012 Annual Report, Invitation and Proxy Statement À Propos de Logitech Logitech est un leader mondial en produits permettant à chacun de vivre l’expérience numérique qu’il recherche. Disponibles sur diverses plates-formes informatiques, de communication et de jeux, les solutions matérielles et logicielles Logitech permettent ou améliorent la navigation numérique, le divertissement musical et vidéo, les jeux, les réseaux sociaux, la communication audio et vidéo par Internet, la vidéosurveillance et le contrôle des équipements multimédias de divertissement à domicile. Fondée en 1981, Logitech International est une société anonyme suisse, cotée à la Bourse suisse SIX (LOGN) et au Nasdaq Global Select Market (LOGI). Über Logitech Logitech ist weltweit führend bei Produkten, durch die Menschen mit ihren bevorzugten digitalen Erlebnissen ver bunden werden. Mit der Kombination aus Hardware- und Softwarelösungen für mehrere Computer-, Kommunika tions- und Unterhaltungsplattformen ermöglicht oder verbessert Logitech Anwendungsbereiche wie Steuerung von digitalen Geräten, Musik- und Videounterhaltung, Videospiele, soziale Netzwerke, Audio- und Videokommuni kation über das Internet, Videoüberwachung und Steuerung von Heimunterhaltungsgeräten. Logitech Internatio nal wurde im Jahr 1981 gegründet und ist eine schweizerische Aktiengesellschaft, die an der Schweizer Börse SIX (LOGN) und am NASDAQ Global Select Market (LOGI) notiert ist. About Logitech Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Selected Financial Highlights The following selected historical information has been derived from audited financial statements included in our annual reports for such years. Accordingly, the table should be read in conjunction with the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in our annual reports for Fiscal Years 2008 through 2012. Fiscal Year 2008 2009 2010 2011 2012 (U.S. dollars in thousands, except per share amounts) Net sales $ 2,370,496 $ 2,208,832 $ 1,966,748 $ 2,362,886 $ 2,316,203 Gross margin 35.8% 31.3% 31.9% 35.4% 33.5% Operating income $ 286,680 $ 109,654 $ 78,364 $ 142,656 $ 71,981 Operating margin 12.1% 5.0% 4.0% 6.0% 3.1% Net income $ 231,026 $ 107,032 $ 64,957 $ 128,460 $ 71,458 Earnings per diluted share $ 1.23 $ 0.59 $ 0.36 $ 0.72 $ 0.41 Diluted number of shares 187,942 182,911 179,340 178,790 175,591 Cash flow from operations $ 393,079 $ 200,587 $ 365,259 $ 156,742 $ 196,142 Capital expenditures $ 57,900 $ 48,263 $ 39,834 $ 43,039 $ 47,807 Cash and cash equivalents and short-term investments, net of short-term debt $ 486,292 $ 494,396 $ 319,944 $ 477,931 $ 478,370 Shareholders’ equity $ 960,044 $ 997,708 $ 999,715 $ 1,205,001 $ 1,150,241 This document contains forward-looking statements within the meaning of the U.S. federal securities laws, including, without limitation, statements regarding: our goals and growth opportunities; how we expect to accomplish our goals; our product portfolio; our lineup of new products, the timing of their launches, their attractiveness to consumers, their financial impact and the timing of their financial impact; our product and geographic markets; our organizational structure; our responsiveness to consumers; our product offering simplification, its effects and our ability to effect it; the goals of our restructuring; the reduction in our annual operating costs and the timing of achieving such savings; our financial performance in the second half of Fiscal Year 2013; our overall financial outlook; the sufficiency of our cash and cash equivalents, cash generated from operations, and available borrowings under our bank lines of credit to fund capital expenditures and working capital needs; and our ability to achieve renewed growth, profitability and future success. The forward-looking statements in this document involve risks and uncertainties that could cause Logitech’s actual results and events to differ materially from those anticipated in these forward-looking statements, including, without limitation: the demand of our customers and our consumers for our products and our ability to accurately forecast it; our ability to innovate and develop new products in a timely and cost-effective manner for our new and existing product categories; if our product offerings, marketing activities and investment prioritization decisions do not result in the sales, profitability or profitability growth we expect, or when we expect it; the effect of pricing, product, marketing and other initiatives by our competitors, and our reaction to them, on our sales, gross margins and profitability; if the restructuring fails to produce the intended performance and cost savings results or is not implemented in the contemplated timeframe. A detailed discussion of these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in Logitech’s periodic filings with the Securities and Exchange Commission, including our Annual Report onForm 10-K for the fiscal year ended March 31, 2012, available at www.sec.gov., under the caption Risk Factors and elsewhere. Logitech does not undertake any obligation to update any forward-looking statements. Français DEutsch English Chers actionnaires, An unsere Aktionäre, To Our Shareholders, L’exercice 2012 a été décevant, Das Geschäftsjahr 2012 verlief ent- Fiscal Year 2012 was a disappointing marqué par une stagnation du täuschend: Der Umsatz stagnierte im year, with sales essentially flat, a chiffre d’affaires, une baisse signi- Wesentlichen, das Betriebsergebnis significant year-over-year decline ficative du résultat d’exploitation ging gegenüber dem Vorjahr markant in operating income and a major et une baisse importante du cours zurück und unser Aktienpreis sank decline in our share price. The fiscal de notre action. Les défis majeurs deutlich. Grund dafür waren grosse year began with major challenges, qui ont marqué le début de cet Herausforderungen zu Beginn des including lower demand and sales exercice, à savoir une baisse du Geschäftsjahres, so unter anderem execution issues in EMEA and much niveau des achats, des problèmes schwacher Einkaufsstand, Probleme lower-than-expected demand for liés au traitement des ventes dans bei der Verkaufsabwicklung in der Logitech Revue with Google TV. la zone européenne (EMEA) et Region EMEA sowie eine geringere While we addressed these issues by une demande très inférieure aux Nachfrage nach Logitech Revue mit the end of the third fiscal quarter, prévisions pour Logitech Revue Google TV als ursprünglich erwartet. they had a major negative impact avec Google TV ont fortement Obwohl wir diese Schwierigkeiten bis on our full fiscal year performance. pénalisé le résultat de cet exercice Ende des dritten Quartals überwinden At the beginning of the second en dépit des mesures correctives konnten, wurde unsere Leistung im quarter, I returned as chief implémentées avant la fin du gesamten Geschäftsjahr dadurch executive officer and began a 3éme trimestre. jedoch negativ beeinflusst. thorough assessment of the A fin juillet 2011, j’ai repris la Zu Beginn des zweiten At the beginning of the fonction de Chief Executive Quartals übernahm ich erneut second quarter, I returned as Officer et effectué une das Amt des CEO und nahm chief executive officer and évaluation approfondie de eine eingehende Analyse des began a thorough assessment nos activité afin d’identifier Geschäfts vor, die weitere be­ of the business, identifying les grands défis à venir. deutende Herausforderungen other significant challenges. deutlich machte. A fin juillet 2011, j’ai repris la Zu Beginn des zweiten Quartals business, identifying other signif- fonction de Chief Executive Officer übernahm ich erneut das Amt des icant challenges. Most notably, et effectué une évaluation appro- CEO und nahm eine eingehende we concluded that our product fondie de nos activité afin d’identifier Analyse des Geschäfts vor, die weitere portfolio was weaker than it should les grands défis à venir. Nous avons bedeutende Herausforderungen be. In some categories, our flagship constaté que notre portefeuille deutlich machte. So kamen wir products were in need of a refresh. de produits n’était pas au niveau insbesondere zum Schluss, dass unser In other categories, we were requis. Dans certaines catégories, Produktportfolio Schwächen zeigte. offering good products at the entry nos produits phares devaient être In einigen Kategorien mussten unsere level, but at the midrange and high impérativement réactualisés. Dans Vorzeigeprodukte aktualisiert werden. end we did not offer compelling d’autres, alors que nous proposions In anderen Kategorien boten wir zwar enough products for consumers. de bons produits d’entrée de gamme, auf der Einstiegsstufe gute Produkte Following the assessment, pour le milieu de gamme et le haut an, aber im mittleren
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