BrewDog's anarchic growth spurt continues
It's been brewing up sales success, but the controversial beer maker still has loftier goals in mind.
BrewDog’s rampant expansion plans show no sign of slowing up just yet. The Aberdeenshire-based beer maker and bar operator recorded revenues increasing 51% last year to £44.7m after shipping 41m bottles worldwide last year.
Pre-tax profits slipped 4.1% to £3.5m, but that’s because the firm has been splashing out in a bid to maintain its steep levels of growth – it claims to have been the fastest-growing food and drinks company in the UK for the past four years. Last year, it opened 16 new bars around the world and shelled out £20m at its Ellon brewery to increase capacity from 200,000 hectolitres per year to 1m.
Co-founder James Watt said 2015 was ‘all about laying the foundations for the next five years of future growth’, while a new brewery in Ohio, due to be completed next month, forms part of the plans to get more of a grip on the US market where there’s a decent appetite for craft beer. It makes up 20% of overall beer sales.
