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https://tobaccoreporter.com/2025/06/20/davidoff-reports-663m-in-revenue-amid-planned-cutbacks/

 

Davidoff Reports $663M in Revenue Amid Planned Cutbacks

Davidoff.jpg

Oettinger Davidoff AG reported CHF 541.7 million ($662.8 million) in global revenue for 2024—an increase of 0.9% over the previous year, despite a significant decrease in production volume. In total, the company produced 38.5 million cigars across its Dominican Republic and Nicaraguan facilities, down 21% from 2023’s 48.8 million cigars. The company said the reduction was intentional, due to pre-emptive production ahead of the European Union’s new track and trace requirements that took effect in May 2024.

“The year 2024 was another strong year in the 150-year history of our family-owned company,” said Beat Hauenstein, CEO of Oettinger Davidoff AG, in a press release. “The solid 2024 results prove that our investments in our brands, retail and shopping experiences have paid off and that we are well set up to successfully continue writing the next chapter of our longstanding history.”

Despite lower production, Davidoff said it is expanding capacity at its Diadema Cigars de Honduras S.A. factory in Danlí, Honduras, following the completion of an expansion in the Dominican Republic last year. Among individual brand performances, Zino grew 28.1%, while the flagship Davidoff brand rose 15%. The company did not disclose results for AVO, Camacho, or other brands.

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Posted
9 hours ago, sv_ontour said:

What’s the EU’s track and trace requirements?

The EU Track and Trace system is like a cigar passport control. It's designed to monitor where cigars come from, where they go, and who handles them, all the way from the manufacturer to the final retailer. It's the EU’s way of fighting illegal tobacco trade, ensuring taxes are paid, and making sure everything's legit.

Every cigar box must have a unique identifier, basically a scannable code like a serial number.

This code tells the EU system:

  • Who made it
  • Where it was made
  • Where it’s going
  • Who’s buying it along the supply chain.
Posted

Davidoff has incredible QC. I’ve personally never had a bad Davidoff. 

  • Like 2

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