Electronic Cigarettes Holding (ECH) reported promising results for the first half of 2014. The company plans to expand its business to 25 countries within the next three months.
ECH currently has online shops in 18 European countries. Earnings Before Interest and Tax (EBIT) for the first half-year of 2014 already surpassed those of last year, indicating that the company will close the financial year on a high note. In 2015, ECH expects to see a continued increase in sales across its portfolio of e-cigarette products and anticipates its EBIT to triple, to CHF15 million by the end of next year.
“We have a very attractive business model with the highest profit margin and EBIT in the global industry,” said ECH CEO Robin Roy Krigslund-Hansen. “As such we have second-to-none organic growth financed entirely by our own profit. This is quite unique.”