Oettinger Davidoff AG Announces 2017 Revenue
Oettinger Davidoff AG has announced its revenue for 2017: CHF 501 million ($508 million).
The company claims its down 1 percent, though last year’s revenue was CHF 595 million. Oettinger Davidoff AG is a private company and as such, it is not required to disclose any financial information.
“As the innovation leader in the premium cigars sector, we strive not only to guarantee quality, but also to delight customers with new taste experiences and tobacco blends from all corners of the globe,” said Beat Hauenstein, ceo of Oettinger Davidoff AG, in a press release. “This also includes confronting the changing market environment in good time. Through optimisation of the processes, we want to support our markets more efficiently, further build on our global position in the premium cigars sector and successfully guide our company into the future.”
The company’s release indicated it was planning on adding humidor locations in airports at Geneva, Istanbul and Moscow in 2018.
Charlie Minato
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 have written about the cigar industry for more than a decade, covering everything from product launches to regulation to M&A. In addition, I handle a lot of the behind-the-scenes stuff here at halfwheel. I enjoy playing tennis, watching boxing, falling asleep to the Le Mans 24, wearing sweatshirts year-round and eating gyros. echte liebe.
Related Posts
-
October 25, 2017 -
August 28, 2017
