Elettronica
Electronic Cigarettes Holding AG Announces Continued Strong Growth and Plans to Cover 25 Countries
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With online shops currently in 18 European countries and with more planned for next year, Electronic Cigarettes Europe, or ECE, is the leading actor on the online e-cigarette market today. Trading success and significant expansion generated an encouraging result (EBIT) of CHF 2.3 million in its first financial year (2012/2013). However, EBIT for the first half-year of 2014 already surpassed that of last year, indicating that the company will close the financial year on a high note. In 2015, ECE expects to see a continued increase in sales across its vast portfolio of electronic cigarette products - estimating EBIT to triple in size, amounting to CHF 15 million by the end of next year.
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" said ECE's CEO Robin Roy Krigslund-Hansen.
Meanwhile, e-cigarettes, which contain nicotine but no tar or carbon monoxide, have fast become a popular alternative for smokers looking to quit. ECE has currently over 50,000 customers around
Europe - a figure which is likely to rise at least 60 per cent within the next 3 months, as new countries are introduced, taking the total number up to 25.
Until now only an online retailer, the company has set its sights on the offline shopping world, with best-selling brand DanSmoke™ soon to be available in big retail stores across Europe .
About Electronic Cigarettes Holding AG
ECE is dedicated to providing an attractive alternative for the millions of tobacco smokers around the globe. ECE is a rapidly growing independent e-cigarette company, with such top-selling brands under its banner as DanSmoke™, SmokeUS™,AlpSmoke™, OnTheGo™, and many more.
For more information please visit: http://www.eceag.com
Contacts:
For press & investor inquiries please contact:
Electronic Cigarettes Europe AG
Laura Leivo
International Brand Manager
Tel. +41-76-506-9282
Email: laura.l@eceag.com