Supplier factory shutdown hits Logitech shares

Logitech international

29/07/2026 09:06

July 29 (Reuters) - Shares in Logitech LOGN.S fell on Wednesday as analysts said that a temporary shutdown at a supplier's factory could hit the computer peripherals maker's sales ahead of the crucial holiday shopping season.
Shares were down around 7% at 0745 GMT after several trading halts in volatile early trading, ranking among the worst performers on the pan-European STOXX 600 index .STOXX.
     Including today's move, the shares have gained a mere 0.8% since January.
The maker of computer mice, keyboards and headsets said on Tuesday that the shutdown would reduce sales by about $20 million in the second quarter and by up to $200 million in the third quarter.    
"High uncertainty on the year," Morningstar analyst Rob Hales told Reuters on the impact of the shutdown, adding that the incident caused the second-quarter guidance to be below consensus.
The incident will negatively impact sales going into the important holiday season, Vontobel analyst Michael Foeth told Reuters.
"That will put pressure on the shares even if demand trends and the underlying performance remain favourable," he added.
   


 (Reporting by Paolo Laudani)
 ((Paolo.Laudani@thomsonreuters.com;))