Produkte Für Die Digitalen Erfahrungen, Die Ihnen Wichtig Sind Des
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Lo Rapport Annuel 2011, Invitation et Document d’Information G I t E Geschäftsbericht 2011, Einladung und Informationsmaterial c h 20 2011 Annual Report, Invitation and Proxy Statement 1 1 Des produits conçus pour les activités numériques qui vous intéressent Produkte für die digitalen Erfahrungen, die Ihnen wichtig sind Products for the digital experiences you care about SIX: LoGN-VX NASDAQ: LoGI For more information about Logitech and its products, please visit our web site: www.logitech.com. 216127_Logitech_CVR_R3.indd 1 7/28/11 1:50 PM Executive team Board of Directors Guerrino De Luca Guerrino De Luca chairman of the Board chairman of the Board Acting President and chief Executive officer Acting President and chief Executive officer Durant les 30 années qui ont suivi la In den 30 Jahren, die seit der Gründung In the 30 years since our company’s Logitech création de la société à Apples en Suisse, unseres Unternehmens in Apples, founding in Apples, Switzerland, Erik K. Bardman Logitech n’a cessé de se transformer pour Schweiz, vergangen sind, hat sich Logitech has continually transformed chief Financial officer and Daniel Borel s’adapter aux évolutions technologiques Logitech kontinuierlich gewandelt, um itself to adapt to changes in technology et aux nouvelles habitudes des neue Technologien und die Art, wie and how people use technology. Senior Vice President, Finance co-Founder and Former chairman of the Board utilisateurs. Nous ouvrons désormais un Menschen damit umgehen, aufzugreifen. We embark upon new chapters in this Logitech nouveau chapitre, dans cette époque où Und auch in diesen Zeiten schneller und time of faster, more disruptive change Junien Labrousse tout va plus vite et chaque nouveauté est bahnbrechender Veränderungen focused on delivering innovative, une révolution, en nous concentrant sur schlagen wir ein neues Kapitel auf: Wir easy-to-use products and solutions Executive Vice President, Products and Matthew Bousquette le développement de produits et de fokussieren uns auf innovative und that allow people to get the most President, Logitech Europe chairman ans | Jahre | years solutions innovants, simples d’utilisation einfach anzuwendende Produkte sowie out of their digital pursuits. EGI holdings LLc et qui permettent aux utilisateurs de tirer Lösungen, mit denen Menschen ihre le meilleur parti de leurs activités Wünsche in einer digitalen Welt optimal Werner Heid numériques. verwirklichen können. Senior Vice President, Erh-Hsun Chang Worldwide Sales and Marketing Former Senior Vice President, Worldwide operations and General Manager, Far East M. Ehtisham Rabbani Logitech Senior Vice President and chief Marketing officer Kee-Lock Chua Selected Financial highlights Craig Malloy President and chief Executive officer The following selected historical information has been derived from audited financial statements included in our annual reports for such years. Accordingly, the table chief Executive officer, LifeSize communications, Vertex Group 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 Senior Vice President, Logitech Fiscal Years 2008 through 2011 and the section titled “Operating and Financial Review and Prospects,” in our annual reports for Fiscal Year 2007. Sally Davis L. Joseph Sullivan chief Executive officer Fiscal Year 2007 2008 2009 2010 2011 Senior Vice President, Bt Wholesale (in U.S. dollars; in thousands, except per share amounts) Worldwide operations Net sales $ 2,066,569 $ 2,370,496 $ 2,208,832 $ 1,966,748 $ 2,362,886 Neil Hunt Gross margin 34.3% 35.8% 31.3% 31.9% 35.4% Martha Tuma chief Product officer Vice President, Netflix, Inc. Operating income $ 230,862 $ 286,680 $ 109,654 $ 78,364 $ 142,656 human Resources Operating margin 11.2% 12.1% 5.0% 4.0% 6.0% Richard Laube Net income $ 229,848 $ 231,026 $ 107,032 $ 64,957 $ 128,460 Catherine Valentine chief Executive officer Earnings per diluted share $ 1.20 $ 1.23 $ 0.59 $ 0.36 $ 0.72 Vice President, Legal, Nobel Biocare holding A.G. Diluted number of shares 190,991 187,942 182,911 179,340 178,790 General counsel and Secretary of the Board Cash flow from operations $ 303,825 $ 393,079 $ 200,587 $ 365,259 $ 156,551 Monika Ribar President and chief Executive officer Capital expenditures $ 47,246 $ 57,900 $ 48,263 $ 39,834 $ 43,039 Panalpina Group Cash and cash equivalents and short-term investments, net of short-term debt $ 398,966 $ 486,292 $ 494,396 $ 319,944 $ 477,931 Shareholders’ equity $ 844,524 $ 960,044 $ 997,708 $ 999,715 $ 1,205,001 this document contains forward-looking statements, including the statements regarding growth opportunities, strategies and planned product introductions in peripherals for tablets, china and other emerging markets, video communications, unified communications and het digital home; and priorities for FY 2012. these forward-looking statements involve risks and uncertainties that could cause Logitech’s actual results to differ materially from those anticipated in these forward-looking statements. Factors that could cause actual results to differ materially include: the demand of our customers and our consumers for our products and our ability to accurately forecast it; if our decisions to prioritize investments in our LifeSize division, in growing our sales and marketing in china and other high potential emerging markets, in peripherals for tablets, and in our Investor Relations other investment priorities, do not result in the sales or profitability growth we expect, or when we expect it; competition in the video conferencing Investor inquiries may be directed to: and communications industry, including from companies with significantly greater resources, sales and marketing organizations, installed base and [email protected] name recognition, and the rate of adoption of video communications in enterprises; if significant demand orf peripherals to use with tablets and other mobile devices with touch interfaces does not develop, or if market reaction to our peripherals for tablets is less positive than we expect; if the decline in expected sales for our Pc peripherals in mature markets is greater than we expect, or if the sales growth in emerging markets for our Pc peripherals © 2011 Logitech. All rights reserved. Logitech, the Annual Meeting and other products does not increase as much as we expect; if we fail to successfully innovate in our current and emerging product categories and Logitech logo, and other Logitech marks are registered Logitech’s annual meeting of shareholders will be held at identify new feature or product opportunities; if there is a deterioration of business and economic conditions or significant fluctuations in currency in the United States and other countries. All other 14:30 central European Summer time, September 7, 2011, exchange rates; as well as those additional factors set forth in Logitech’s periodic filings with the Securities and Exchange commission, including our trademarks are the property of their respective owners. at the Palais de Beaulieu in Lausanne, Switzerland. Annual Report on Form 10-K for the fiscal eary ended March 31, 2011 and our subsequent Quarterly Reports on Form 10-Q available at www.sec.gov. Logitech does not undertake to update any forward-looking statements, which speak as of their respective dates. 216127_Logitech_CVR_R3.indd 2 7/28/11 1:50 PM tablet Keyboard for iPad® Français Deutsch english chers actionnaires sehr geehrte aktionärin, sehr to our shareholders geehrter aktionär Malgré une fin décevante, due à la faiblesse trotz des enttäuschenden Abschlusses Despite its disappointing conclusion, due de nos ventes sur le marché eMeA, l’exercice aufgrund unserer Schwäche in der Region to weakness in our eMeA region, Fiscal financier 2011 s’est avéré globalement très europa, Naher osten und Afrika (eMeA) Year 2011 was a strong year overall with satisfaisant puisque les ventes ont augmenté war das geschäftsjahr 2011 insgesamt ein 20% growth in sales, 82% growth in de 20%, le revenu d’exploitation de 82% et starkes Jahr mit einem Umsatzwachstum operating income and net income that le revenu net de 100%. Même si ces résultats von 20 %, einer Zunahme des doubled. even though we fell short of sont en deçà de nos attentes optimistes et Betriebsergebnisses um 82 % sowie einer our more ambitious expectations, and que notre cours boursier s’en est ressenti, Verdoppelung des Reingewinns. obwohl our stock price was impacted, we are nous gardons confiance en notre stratégie diese ergebnisse unter unseren ehrgeizigen confident about our long-term strategy, à long terme, qui saura nous préparer au erwartungen liegen und unser Aktienkurs and how it appropriately prepares us for mieux aux défis et aux opportunités à venir. beeinträchtigt wurde, vertrauen wir auf L’aspect le plus marquant de l’exercice unsere langfristige Strategie, mit der wir both the challenges and the opportuni- 2011 est le retour à une croissance solide zukünftige herausforderungen und chancen ties ahead. de notre société dans son ensemble, mais überzeugend meistern werden. the most significant highlight in aussi dans plusieurs régions de vente et Die wichtigste entwicklung im FY 11 was the return to solid growth catégories de produits. Les ventes des geschäftsjahr 2011 war die Rückkehr zu for the company as a whole, and in régions Amériques et Asie-Pacifique ont en einem soliden Wachstum im Unternehmen several of our sales regions and product effet battu des records, avec des taux de insgesamt sowie in vielen unserer categories. our Americas and Asia Pacific croissance respectifs de 28% et 37% par Verkaufsregionen und Produktkategorien. regions achieved record sales, delivering rapport à l’année précédente. Nous avons in Amerika und im asiatisch-pazifischen 28% and 37% year-over-year growth, également enregistré une croissance à deux Raum wurde ein Rekordumsatz mit einem chiffres pour nos ventes oeM, tandis que respectively. our oeM sales also achieved Zuwachs gegenüber dem Vorjahr von 28 notre division LifeSize a continué de croître double-digit growth and our LifeSize bzw.