Davidoff Announces Production, Revenue Increases

Oettinger Davidoff AG has announced its annual revenue and production figures, both of which increased in 2014.

The company announced a 1.7 percent increase in revenue generating CHF 1.23 billion ($1.32 billion) up from CHF 1.21 billion the year before. The company also announced that cigar production reached 44 million cigars, a 13.1 percent increase and the highest in its history.

“We are very pleased with the results we’ve achieved and the high degree of consistency in Oettinger Davidoff’s revenue, earnings and sales volumes,” said Hans-Kristian Hoejsgaard, ceo of Oettinger Davidoff AG, in a press release.

Oettinger Davidoff AG said it now considers Camacho its second most important brand. Previously, that role was believed to be occupied by AVO. Earlier in the year, it was announced that the company would build a new, larger factory in Danlí, Honduras, where Camacho is produced; it indicated today that production has increased 60 percent in Honduras in the last three years.

Of note, Davidoff says that regulations on gifts in China have hurt sales, although it did say it still performed “slightly better” in Asia overall. Most concerning, it indicated “markets in Europe shrank significantly,” something that was absorbed by U.S. growth.

Davidoff highlighted its 140th anniversary plans by a series of new flagship retailers, a list that now publicly includes a new store in Bahrain. The company did not indicated whether or not there would be a 140th anniversary cigar, commemorating Max Oettinger opening a store in Basel in 1875.

In addition to the Davidoff and Camacho brands, Oettinger Davidoff AG is also the parent of AVO, Zino, Griffin’s, Cusano, Baccarat and others.