Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, May 10 2022 - 19:00
AsiaNet
Habanos, S.A. Breaks its Record Turnover, Reaching 568 Million Dollars
LA HABANA, May 10, 2022 /PRNewswire-AsiaNet/ --

- Habanos, S.A. maintains its leadership position with 15% growth in 2021. 
- Spain, China, Germany, France and Switzerland lead the ranking of Habanos, 
S.A.'s most important countries. 
- Habanos, S.A. announces that it will hold a Gala evening dedicated to the 
55th anniversary of its most prestigious brand, Cohiba, on 9 September in 
Havana.


Corporacion Habanos, S.A., has released its financial data for the 2021 
financial year, in which it obtained a turnover of 568 million dollars, with a 
15% growth compared to the previous year.

"The 2021 results confirm the solid path we are on, despite the crisis caused 
by Covid-19. Last year we surpassed the $500 million mark for Premium cigar 
sales worldwide, an all-time record for the category and a testament to the 
enormous potential of our business. We are very proud to lead the premium cigar 
category and to continue to grow despite the situations experienced over the 
past two years," said Inocente Nunez Blanco and Luis Sanchez-Harguindey Pardo 
de Vera, Co-Presidents of Habanos, S.A. 

In the ranking by country, Habanos, S.A.'s top 5 markets in terms of sales 
volume were Spain, China, Germany, France and Switzerland. Spain and China were 
once again the most important markets. By region, Europe remains Habanos' main 
market, with 59% of sales volume, followed by Asia Pacific (16%), America (14%) 
and Africa and the Middle East (11%).

Leopoldo Cintra Gonzalez, Commercial Vice-President, and Jose Maria Lopez 
Inchaurbe, Vice-President of Development of Habanos, S.A., consider that "At 
Habanos, S.A. we maintain our commitment to offer the best experience to our 
aficionados, exclusive products and novelties, all in keeping with the quality, 
tradition and unique origin that make our Habanos  a luxury product appreciated 
all over the world. Our aficionados have remained loyal to Habanos and their 
tastes and, in many cases over the past year, they have incorporated into their 
domestic consumption vitolas and brands that used to be part of a more social 
consumption".

The exceptional situation we have experienced as a result of the pandemic has 
led to certain changes in consumer habits. Within this new context, the company 
has been able to adapt and, together with its Exclusive Distributors, has 
managed to keep the passion for Habanos alive as a result of its marketing 
strategies, launches, new products, virtual events and, when possible, 
face-to-face events. 

Another key to success has been the retail concept , which continues to be an 
essential aspect of the Habano business, based on specialization, exclusive 
products and good service.  These retail concept are a unique attraction for 
Habano and Premium cigar lovers. Despite the situation in 2021, at year-end the 
company had 20 Cohiba Atmosphere, 160 La Casa del Habano (+3%), 1,217 Habanos 
Specialist, 2,465 Habanos Point (+7%), and 486 Habanos Lounge / Habanos 
Terrace. These figures are proof of the strategic success of these concepts. 

We are aware of the impact and delays in the supply of some of our best-selling 
vitolas, caused largely by the pandemic and by the strong international demand. 
Despite this situation, 38 new products were exported in 2021 and already, 
after the first quarter of 2022, we are seeing a gradual improvement in supply. 
Some of the most eagerly awaited releases by aficionados: Cohiba Ambar Cohiba 
Ideales and Cohiba Edición Limitada 2021, all dedicated to the brand's 55th 
anniversary, could not be presented and tasted at the famous Habano Festival 
cancelled in 2021 and 2022, but were presented at an innovative virtual event 
called Habanos World Days. Today, Habanos, S.A. is pleased to announce that it 
will hold a Gala evening to commemorate the 55th anniversary of its most 
prestigious brand, Cohiba, on September 9th in Havana, Cuba. This and other 
surprises will soon be announced in greater detail on Habanos, S.A.'s official 
channels. 

Habanos redefines the concept of luxury in premium cigars 

As every year around this time, Habanos, S.A. has updated its selling prices 
for the distribution network for its entire portfolio. For 2022, they have been 
established taking into account the current demanding aspects affecting all 
sectors, including the luxury and premium cigar market, and a new strategy of 
global homogenization in the highest segment of the price pyramid.

Cohiba's unquestionable leadership worldwide, the strengthening of its 
positioning with new, even more exclusive projects, and the imbalance between 
supply (limited by the brand's unique characteristics) and the unstoppable 
demand for its vitolas, place Habanos' number one brand not only as the world's 
most exclusive premium cigar brand, but at the level of the most exclusive 
brands in all luxury sectors. Habanos, S.A. has decided to reinforce this 
positioning and to set Cohiba prices uniformly at a global level, taking the 
Hong Kong RRSP as a reference. 

This decision applies similarly to the Trinidad brand, which consolidates its 
position among the elite of Habanos' brands by becoming the boutique Habanos 
brand par excellence. 

Other vitolas and lines of unquestionable value in brands such as Montecristo, 
Partagás, or Romeo y Julieta are also raising the prices of some of their most 
exclusive items, similarly to Cohiba and Trinidad, and redefining the concept 
of luxury in the premium cigar sector.   

Corporacion Habanos, S.A.
Corporacion Habanos, S.A. is a world leader in the commercialization of Premium 
cigars both in Cuba and in the rest of the world. For this purpose, it has an 
exclusive distribution network present in the five continents and in more than 
150 countries.  For more information, please visit www.habanos.com

Habanos, S.A. commercializes 27 Premium brands Totally handmade and identified 
as Protected Appellations of Origin (P.A.O.), including Cohiba, Montecristo, 
Romeo y Julieta, Partagas, Hoyo de Monterrey and H. Upmann, among others. 
 Habanos have been made Totally handmade  for more than 500 years and since 
then they have become a benchmark worldwide.

* Protected Appellations  of Origin

Further information about Habanos, S.A.:            
www.habanos.com 
https://www.instagram.com/habanos_oficial/ 
https://twitter.com/Habanos_Oficial 
https://www.youtube.com/channel/UCstGLy96wdZG7eCM4855_DA 

Source: Habanos, S.A.
Translations

Japanese