Davidoff Announces 2018 Financial Performance

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Oettinger Davidoff AG has announced its 2018 financial results.

The company said it generated revenues of CHF 500 million ($503.2 million), virtually identical to 2017’s revenue of CHF 501 million.

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However, it reported that the eponymous Davidoff brand increased sales by 4.6 percent, AVO sales were up 15.6 percent and Camacho increased by 7.4 percent.

In addition to its cigar brands, Davidoff operates a number of stores around the world. It said that it will open up an additional franchise store in Shenzen, China and another licensed boutique in the U.S., though declined to specify where. The company also owns other tobacco retail chains, notably Wolsdorff Tobacco GmbH, a chain of over 170 stores in Germany, and A. Dürr & Co. AG in Switzerland, which includes 28 stores.

Last year marked the first full year of the company under the leadership of Beat Hauenstein, ceo and Domenico Scala, chairman. In addition, the company moved Jim Young, who had led the company’s North American operations, to Europe and promoted Dylan Austin to head its U.S. and later Americas operations.

Like many other large cigar companies, Davidoff is in the midst of an efficiency and cost-cutting program titled “Way Forward.”

Oettinger Davidoff AG is a privately-held company, though it has typically announced its annual revenues.

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Charlie Minato
About the author

I am an editor and co-founder of halfwheel.com/Rueda Media, LLC. I previously co-founded and published TheCigarFeed, one of the two predecessors of halfwheel. I handle the editing of our written content, the majority of the technical aspects of the site and work with the rest of our staff on content management, business development and more. I’ve lived in most corners of the country and now entering my second stint in Dallas, Texas. I enjoy boxing, headphones, the Le Mans 24-hour, wearing sweatshirts year-round and gyros. echte liebe.

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