Brewdog profits rocket by 383%

9th June, 2014 by Lauren Eads

Scottish craft beer brewer BrewDog has seen its net profits rise to more than £2.3m, up 383% on 2012, following the release of its 2013 financial report today.

RTM_0931

In announcing a rise in its annual turnover of 70% to £18m, James Watt, BrewDog co-founder, said that while “tired pubs” are facing closure and big breweries are reporting “disappointing sales”, the craft beer industry is booming outlining BrewDog’s determination to change it “much, much more.”

Recently named the UK’s fastest growing food and drinks company by The Sunday Times, 2014 saw the company launch its new brewery in Ellon in Aberdeenshire in 2014 taking its production capacity form 25,000 hectolitres to 250,000 hectolitres a year, with a further £4m expansion currently underway at the brewery.

Having expanded onto the international stage in 2013 with launch of its first bar in Stockholm, a further four bars were opened in 2014 in Tokyo, Sao Paulo and Gothenburg, bringing Brewdog’s worldwide bar count to 17, with a further seven bars set to open in Dundee, Clapham, Liverpool and Rome.

While earlier this year BrewDog opened its first Bottledog shop in London selling bottled craft beers, with many more already in the pipeline.

Watt said: “2013 was a brilliant year for us and our financial results show that. We launched our new state-of-the-art brewery part funded by Equity Punks, opened three more awesome bars including our first international bar, and welcomed 8,000 new Equity for Punks to our business”, adding: “We’ve come a long way since we were just two guys and a dog selling beer out of the back of a beat-up van, but the passion driving the business has never changed. We still just want to make other people as excited about great beer as we are.”

The brewer produces some of world’s most expensive beers, including its The End of History brew. Released in 2010 only 11 bottles of this 55% abv blond Belgian ale were produced, which come encased in a taxidermy squirrel or stoat, and retail at £500 for 22ml.stoat111_411

BrewDog is supported by crowdfunding scheme ‘Equity for Punks’, which calls on beer lover to buy a stake in the business.

Its third round completed in 2013 raising £4.25m in less than six months.

More than 4,000 are expected to attend the brewer’s annual AGM on 21 June, open to all of its shareholders and their guests, with a presentation to announce new beers and business updates followed by beer tastings and live music.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Job vacancies

Commercial/Sales Manager

Crush Wines Ltd
Bremhill/Home office, GB

Wine Buyer

Adnams
Southwold, UK

Sales Manager - Scotland

Eurowines Ltd
Scotland

Sales Manager - North-West England

Eurowines Ltd
North-West England, UK

Sales Manager - London

Eurowines Ltd
London, UK

Key Account Manager - Grocery

Australian Vintage Limited
London (Croydon), UK

Key Accounts Manager - Impulse

Australian Vintage Limited
London (Croydon), UK

Business Development Manager

Regency Wines Ltd
North Devon & Somerset, UK

Sales Manager - North East England

Eurowines Ltd
Within 15-20 mile radius of York, UK

National Account Manager

Ehrmanns Wines
London, UK

London Account Manager

The Drinks Club
London, UK

London Sales Executive

Gourvid Limited
London and Greater London, GB

Logistics Administrator

Speciality Drinks Ltd
Park Royal, London, UK

Head of Sales - Hush Heath Estate

Hush Heath Estate
Kent/ London, UK

London Sales Executive

VDS UK Ltd
London, UK

The Global Merlot Masters 2017

Deadline : 2nd May 2017

db Awards 2017

Deadline : 28th April 2017

The Global Organic Masters 2017

Deadline : 2nd May 2017

The Global Sparkling Masters 2017

Deadline : 12th May 2017

Click to view more

Global Chardonnay Masters 2016

Now in its fourth year, the competition will identify the best Chardonnay from all around the world in every price range.

Rioja Masters 2016

Now in its fifth year, the competition will recognise and reward the finest Riojas on the world stage.

Fortified Masters 2016

Now in its third year, The Fortified Masters will reward the best fortified wines on offer.

The Global Malbec Masters 2016

the drinks business is proud to announce the inaugural Global Malbec Masters 2016.

Click to view more