Tue Sep 17 18:07:35 UTC 2024: ## Logitech G Revs Up Sim Racing with New Racing Series, Aiming for Customization and Performance

**PARIS & SHANGHAI -** Logitech G, the gaming brand under Logitech International, has launched its new Racing Series, a lineup of customizable sim racing equipment designed to cater to diverse racing styles. The series, unveiled at Logi Play, includes a range of steering wheels, shifters, and handbrakes, all aiming for high-quality and performance standards.

Key highlights of the series include the Logitech G RS Wheel Hub, featuring a quick-release mechanism compatible with various platforms and steering wheels, including those from the recently announced MOMO collaboration. The ergonomic RS Track Wheel and RS Round Wheel prioritize comfort and grip, while the RS QR Adapter offers flexibility for aftermarket steering wheels. The RS Shifter & Handbrake is a versatile 2-in-1 device with adjustable settings for precision control.

The Racing Series, compatible with Logitech’s Pro Series and offering backward compatibility with G Series wheels via the Logitech G Racing Adapter, is set to hit the market on September 17, 2024. Prices range from $59.99 for the RS QR Adapter to $149.99 for the RS Shifter & Handbrake, with RS Wheel Hubs priced at $129.99 (PC) and $149.99 (Xbox/PC).

This announcement comes on the heels of Logitech G’s robust performance, showcasing a 13% increase in sales and a 430 basis point margin expansion in Q1 of fiscal year 2025. These results prompted Logitech to raise its full-year outlook for net sales and non-GAAP operating income. Despite the strong performance, founder Daniel Borel’s bid to replace the chairperson, Wendy Becker, proved unsuccessful, with Becker being re-elected with nearly 86% shareholder support.

Logitech International boasts a solid market capitalization of $13.25 billion, showcasing its substantial presence in the tech industry. The company’s valuation metrics are considered reasonable, with a P/E ratio of 19.47 and an adjusted P/E for the last twelve months as of Q1 2023 at 19.07.

Logitech’s financial stability is further evidenced by its strong liquidity position, with more cash than debt on its balance sheet and liquid assets exceeding short-term obligations. Additionally, the company has demonstrated a commitment to shareholder rewards, having raised its dividend for 11 consecutive years with a notable dividend growth of 36.56% over the last twelve months.

With analysts predicting profitability for the current year and a history of consistent dividend payments, Logitech appears well-positioned for investors seeking a reliable income stream and solid performance. For deeper insights into Logitech’s performance and investment potential, readers can visit InvestingPro at https://www.investing.com/pro/LOGI.

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