Press Release Details

30th Straight Quarter of Double-Digit Sales Growth

FREMONT, Calif., April 19, 2006 and ROMANEL-SUR-MORGES, Switzerland, April 20, 2006 — Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced it has posted its eighth consecutive year of record sales and profits, ending with a record fourth quarter and reaching its increased fiscal-year goals.

Sales for the fiscal year, ended March 31, 2006, were $1.8 billion, up 21 percent from $1.48 billion in Fiscal Year 2005. Operating income was $199 million, an increase of 16 percent over $172 million in the prior year. Net income was $181 million ($1.84 per share), up 21 percent from $149 million ($1.53 per share) last year. Gross margin for FY 2006 was 32 percent, compared with 34 percent last year.

For Logitech's fourth fiscal quarter, sales were $466 million, up 16 percent from $403 million for the same quarter one year ago. Operating income was $55 million, up 17 percent from $47 million last year. Net income for the quarter was $51 million ($0.52 per share), up 27 percent from $40.2 million ($0.41 per share) in the prior year. Gross margin was 31.9 percent, compared with 33.6 percent last year.

Logitech's retail sales for Q4 grew by 19 percent year over year, with sales up in the Americas by 18 percent, in EMEA by 20 percent and in Asia by 15 percent. Retail sales were driven by high demand for audio products (up 68 percent), video products (up 61 percent) and a return to strong growth in cordless mice (up 21 percent). The Company's line of Harmony® remote controls also continued its rapid growth during the quarter, with sales in Europe accelerating. Logitech's OEM sales declined by 6 percent for the quarter.

"We are very pleased with the Company's strong performance in FY 06, and with our record-breaking results in the fourth quarter," said Guerrino De Luca, Logitech's president and chief executive officer. "Operational efficiencies and successful management of our working capital resulted in a record high in a single quarter for cash flow from operations of $137 million. Our gross margin was impacted by more audio products in the mix, and further pressured by reserves taken for an audio product, but we closed the quarter near our long-term target range, and grew operating income 17 percent and net income 27 percent – a confirmation of the strength of our business model and our consistent execution."

Highlights for Logitech's Fiscal Year 2006

• Double-digit growth in retail (23 percent) and OEM sales (11 percent), with all sales regions reporting double-digit retail growth.
• More than 130 new products introduced.
• A record 143 million units shipped, 23 percent more than in the prior year.
• Retail audio sales increased by 112 percent compared to the prior year. The Company's line of portable speakers for the iPod® contributed to the strong growth.
• Driven by the growing popularity of Internet communications, retail sales of video products were up by 36 percent and retail sales of PC headsets were up 92 percent from last year.
• Retail sales of Harmony® remote controls nearly tripled year over year.
• New factory in Suzhou, China completed and in full operation in summer 2005.
• Repurchased 6,137,757 shares and ADRs for approximately $241 million.

Outlook
"Logitech begins FY 07 well positioned for sustained growth and profitability," continued De Luca. "We expect our current key growth categories – audio, video and Harmony remotes – to retain their momentum. We also expect product and marketing initiatives related to our cordless desktops and mice to return the cordless category to solid growth."

Logitech announced its targets for the current fiscal year, ending March 31, 2007. The Company expects both sales and operating income to grow 15 percent, year over year. Gross margin is expected to be at the low end of the Company's long-term targeted range of 32-34 percent, but slightly higher than for FY 06, due to anticipated upside in the second half of FY 07 following new-product introductions. These targets exclude the cost of equity-based compensation, which will be included in the Company's operating results beginning in the first quarter of FY 07. The net cost of equity-based compensation for FY 07 reflected in net income is expected to be between $16 and $19 million.

Earnings Teleconference
Logitech will hold an earnings teleconference on April 20, 2006 at 14:00 Central European Summer Time/8:00 a.m. Eastern Daylight Time/5:00 a.m. Pacific Daylight Time to discuss these results as well as guidance for Fiscal Year 2007. A live webcast and replay of the teleconference, including presentation slides, will be available on the Logitech corporate Web site at http://ir.logitech.com. Please visit the Web site at least 10 minutes early to register for the teleconference webcast.

Investor Meeting
Logitech will hold an investor meeting in London on May 11, 2006 at 09:45 British Summer Time/4:45 a.m. Eastern Daylight Time/1:45 a.m. Pacific Daylight Time. A live video webcast and replay of the meeting will be available on the Logitech corporate Web site at http://ir.logitech.com.

About Logitech
Founded in 1981, Logitech designs, manufactures and markets personal peripherals that enable people to effectively work, play, and communicate in the digital world. Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and in the U.S. on the Nasdaq National Market System (LOGI).

This press release contains forward-looking statements regarding expected sales, operating income and gross margin and gross margin upside for Fiscal Year 2007, long-term gross margin target range, and growth expectations for the video, audio, Harmony and cordless categories. These forward-looking statements involve risks and uncertainties that could cause Logitech's actual performance to differ materially from that anticipated in these forward-looking statements. Factors that could cause actual results to differ materially include our ability to introduce successful products in a timely manner, the effect of pricing, product, marketing and other initiatives by our competitors and our reaction to them on our sales, gross margins and profitability, our ability to match production to demand and to coordinate the worldwide manufacturing and distribution of our products in a timely and cost-effective manner, the sales mix between our lower- and higher-margin products, consumer demand for our products and our ability to accurately forecast it, as well as those additional factors set forth in our periodic filings with the Securities and Exchange Commission, including our annual report on Form 20-F for the fiscal year ended March 31, 2005, and our quarterly reports on Form 6-K, available at www.sec.gov. Logitech does not undertake to update any forward-looking statements.

Logitech, the Logitech logo and other Logitech marks are owned by Logitech and may be registered. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the Company's Web site at www.logitech.com.