Logitech shares surge as Covid-19 boosts home-working

Logitech International shares led Europe’s gainers on Tuesday as the computer peripherals maker reported a big jump in second-quarter profit and again hiked its guidance amid a work-from-home boom.

Its stock gained more than 18 per cent in early trading, the highest riser on the STOXX 600 index, to a record for the Swiss-US company.

The maker of keyboards, mice webcams and headsets said it was benefiting from a shift to working from home during the Covid-19 pandemic.

It now expects annual sales to increase between 35 per cent and 40 per cent in constant currencies, up from its previous view for a 10 per cent to 13 per cent increase.