Davidoff Distribution (UK) Limited has posted its second consecutive profitable year, but profit fell from approximately £226,000 in 2024 to £215,000 in 2025, even as sales across the portfolio grew.

The figures come from the company’s latest annual accounts filed at Companies House. Davidoff UK files under the small companies regime and is not required to publish a full income statement, so profit is derived from movements in the profit and loss reserves. In 2024 those reserves moved from (£2,087,486) to (£1,861,422), implying a profit of around £226,000. In 2025 they moved to (£1,646,672), implying around £215,000.

Cigar Inspector sent questions to Roy Sommer, Market manager for Davidoff UK, Ireland & The Netherlands, to understand what sits behind the numbers.

Why Did Profits Fall?

The dip, Sommer says, is not a market issue. Ben Hutton joined the business in June 2025 as General Manager for the Benelux and UK region, based in the UK. His predecessor was Brussels-based, meaning that salary previously sat on a different entity’s books. With Hutton now in the UK, that cost moved onto the UK profit and loss account. Sommer describes the UK as a growth market for Davidoff and says the decision to base the new GM here reflects exactly that.

The company still carries accumulated trading losses of approximately £940,000, down from around £1,180,000 the year before, and holds a £1,150,000 loan from a fellow subsidiary within the Oettinger Davidoff Group. Sommer says intercompany loans of this kind are a common financial tool and that repayments are ongoing. The loan facility runs until 31 December 2030.

What Drove the Growth?

The accounts show customers owed Davidoff UK £956,295 by the end of 2025, up from £803,361 the year before, which points to more money coming through the door. Sommer says the second half of the year was particularly strong and puts that down to several things working together.

Limited editions were a big part of it. The Chef’s Edition and Year of the Horse both sold well, and Sommer makes the point that just when you start to wonder whether price is putting people off, two top-end releases come along and prove otherwise. But it wasn’t just limited editions. The core Davidoff, Zino and AVO lines all grew, cigarillos and accessories performed well, and Plasencia had a good year too. The business has also put more energy into its key retail accounts, making sure the right products are in the right places and that the partnerships are working properly for everyone.

On the question of where Davidoff UK’s future sits, at the premium end or in the everyday lines, Sommer doesn’t see it as a choice between the two. He acknowledges that some limited editions have tested the limits on price, particularly outside London, but the performance of the Chef’s Edition and Year of the Horse shows there is a real market for high-end releases when the product justifies it. For 2026, new releases are being positioned more accessibly, though Sommer is clear that accessibility will never come at the cost of quality. The standard lines remain the foundation of the business, and there is a lot of focus going into making sure they are properly represented across the UK. The Puro Dominicano is the headline release for the year ahead.

Final Thoughts

Two profitable years represents a real shift for a business that spent a long time in the red. The accumulated losses mean full recovery is still some way off, but with revenue growing, the UK identified internally as a growth market, and a new GM now based on the ground here, Davidoff UK is clearly being taken seriously by the group. The direction of travel is positive, the portfolio is performing, and with the Puro Dominicano on the horizon and a more competitively positioned range coming in 2026, there is plenty of reason to be optimistic about where Davidoff UK is headed.