International tobacco company centered in Kalamata, Greece
Karelia Tobacco Company, Inc.
Company type
Public incorporated company
Traded as
Athex: KARE
Industry
Tobacco
Founded
1888
Headquarters
Kalamata, Greece
Area served
Worldwide
Key people
Andreas G. Karelias, (Managing Director)
Products
Cigarettes, Fine Cut, Rolling papers, Cigarillos
Revenue
€1.035 billion (2019)[1]
Operating income
€108.18 million (2019)[1]
Net income
€67.4 million (2019)[1]
Total assets
€619.48 million (2019)[1]
Total equity
€513.01 million (2019)[1]
Owner
Ioanna Karelia (31.96%) Andreas Karelias (21.59%) Efstathios Karelias (20.94%)[2]
Number of employees
553 (2021)[3]
Subsidiaries
Karelia Tobacco Company (U.K.) Ltd.
Karelia Bulgaria EOOD GK Distributors EOOD Karelia Tütün ve Ticaret A.S. Meridian S.A. Duty Free Specialists Karelia Investment Karelia Belgium
Website
www.karelia.gr
Karelia Tobacco Company Inc. (Karelia) is an international tobacco company headquartered in the city of Kalamata, Greece. It is also the country's largest tobacco manufacturer and exporter of fine tobacco products.
Karelia brands are sold in more than 65 countries around the globe in Western and Eastern Europe, the Far East, the Middle East, the Persian Gulf and Africa. Its brands include George Karelias and Sons, Karelia Slims, Omé, Karelia Family, Karelia Royal, Rex, American Legend and Leader. The Company produces an average of 15 billion cigarettes per year and employs approximately 500 people worldwide.
Karelia has a primary listing on the Athens Stock Exchange (KARE).[4]
^ abcde"Annual report". athexgroup.gr. Retrieved 28 September 2023.
^"Profile - athexgroup.gr".
^"Karelia Tobacco Company Company Profile". Craft.co. Retrieved 28 September 2023.
^"Athens Stock Exchange (KARE)". karelia.gr. Retrieved 10 November 2017.
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