プレスリリース

FREMONT, Calif., July 20, 2005 and ROMANEL-SUR-MORGES, Switzerland, July 21, 2005 — Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced its best-ever Q1 financial results and posted its twenty-seventh consecutive quarter of double-digit revenue growth.

Sales for the first quarter of Fiscal Year 2006, ended June 30, 2005, were $335 million, up 26 percent from $267 million for the same quarter one year ago. Operating income for Q1 was $25.2 million, up 17 percent from $21.6 million last year. Net income for the quarter was $22.4 million ($.23 per share), up 19 percent from $18.9 million ($.19 per share) in the prior year. Gross margin was 32.1, down from 34.1 percent in Q1 of FY 2005.

Retail sales were up by 27 percent, driven by growth in audio, console gaming and corded products. Logitech´s OEM sales were up by 17 percent from the same quarter last year.

“This great Q1, with double-digit sales growth in every region, led by the Americas, signals that Logitech´s FY 2006 is off to the right start,” said Guerrino De Luca, Logitech´s president and chief executive officer. “We are particularly pleased with the better-than-expected market response to our wide range of audio products, which we attribute to the growing popularity of both the MP3 music format and voice communications over the Internet. Even with a significantly higher proportion of audio products in the overall product mix, our gross margin remained in the targeted bracket of 32 to 34 percent, aided by healthy year-over-year improvement in gross margin for the audio category.”

Highlights for Logitech´s first fiscal quarter of 2006 include:

• Retail sales of Logitech´s audio products grew by 155 percent year over year, fueled by the increasing popularity of digital music in the home and on the go — which has created explosive demand for Logitech speakers and music headphones.
• Retail sales of the Company´s console gaming products grew by 84 percent, compared with Q1 of last year, due to increased demand for cordless gamepads, console wheels and Logitech´s new line of peripherals for the PSP™ handheld entertainment system.
• Retail sales of Logitech´s corded products were up by 26 percent, largely due to the popularity of the Logitech MX518 gaming mouse.
• The Company successfully transitioned its manufacturing operations to its new manufacturing facility in Suzhou, China.

Outlook
Logitech confirmed its financial goals for the current fiscal year, ending March 31, 2006, of 15 percent year-over-year growth for both sales and operating income, with gross margin at the high end of the targeted range of 32 to 34 percent for the full year.

Earnings Teleconference
Logitech will hold an earnings teleconference on Thursday, July 21, 2005 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 2006. A live webcast and replay of the teleconference, including presentation slides, will be available at www.logitech.com/investors. Please visit the Web site at least 10 minutes early to register for the teleconference webcast.

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). The company has manufacturing facilities in Asia and offices in major cities in North America, Europe and Asia Pacific.

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This press release contains forward-looking statements regarding demand for audio products and expected sales, gross margin, and operating income for Fiscal 2006. 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, our operations in China being adversely impacted by strains on Chinese energy, transportation, or other infrastructures, changes in consumer purchasing trends, and fluctuations in exchange rates, as well as those additional factors set forth in our periodic filings with the Securities and Exchange Commission, including its Form 20-F for the fiscal year ended March 31, 2005 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.