Oettinger Davidoff, the parent company of Davidoff of Geneva, has declared 2023 as a “record year” following a substantial revenue growth of 10.5 percent compared to 2022, amounting to 546.6 million Swiss francs (approximately $608.8 million). This marks the second consecutive record year for the corporation.
CEO’s Statement:
- Achievement Highlight: Company CEO Beat Hauenstein stated, βThe year 2023 was another record year for Oettinger Davidoff in its almost 150-year history.β
Production and Brand Success:
- Handmade Cigar Production: Production of handmade cigars surged by 13.3 percent in 2023, totaling nearly 50 million cigars. Noteworthy brands include Davidoff Nicaragua, Avo, Zino, Camacho, and the flagship Davidoff Signature (often referred to as βthe White Labelβ).
- Manufacturing Locations: All cigars are crafted in the Dominican Republic and Honduras.
Brand Performance:
- Driving Forces: Davidoff highlighted its Davidoff and Zino branded products, which experienced a remarkable 32 percent growth in 2023 compared to the previous year.
- Global Reach: The company attributed its success to strong demand for its own brand portfolio, particularly the core brand Davidoff.
Market Expansion:
- Regional Success: Davidoff reported a “stellar year” in brand performance across Asia and global travel retail markets.
Oettinger Davidoff’s outstanding performance in 2023 underscores its continued growth and market leadership in the premium cigar industry. With robust production figures and expanding brand influence, the company remains poised for further success in the years ahead.
