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.