Davidoff Reports 2018 Sales

Davidoff Reports 2018 Sales

Oettinger Davidoff, the company that owns the Davidoff, Avo and Camacho cigar brands, among others, reported a small decrease in corporate sales for 2018, while claiming gains in sales of the cigar brands owned by the company.

Headquartered in Basel, Switzerland, Oettinger Davidoff owns Davidoff of Geneva USA and makes cigars in the Dominican Republic and Honduras. The company also has a network of cigar retailers, tobacco shops and a subsidiary that sells confectionery brands. Corporate revenues of the group in 2018 were 500 million Swiss Francs ($502 million), down 0.2 percent over 2017’s 501 million.

In a statement, Davidoff said that sales of its company-owned cigar brands rose by 6.3 percent in 2018. The company’s core Davidoff brand was up 4.6 percent over 2017 numbers, Avo sales rose by 15.6 percent, and sales of Camacho were up by 7.4 percent.

Davidoff has more than 500 appointed merchants worldwide, and more than 75 Davidoff flagship stores around the world.