BrewDog hikes turnover to GBP 112 million in 2017
Scottish craft brewery BrewDog has released its 2017 annual report, which highlighted a 55 percent turnover growth to more than USD 155 million dollars.
According to BrewDog, the brewery has averaged 63 percent annual growth over the last six years while its average annual operating profits have grown by 76 percent during the same period.
Still, when it comes to profits, the actual figure does not impress. Adjusted for currencies, its EBITDA stood at GBP 8.9 million (USD 12.5 million) compared with GBP six million in 2016.
BrewDog said its Punk IPA now accounts for 60 percent of sales, followed by Dead Pony Club (11 percent of sales) and Elvis Juice (9 percent).
The company also listed other 2017 highlights, including the opening of its first US brewery in Columbus, Ohio. The company raised USD seven million in an Equity for Punks USA crowdfunding campaign and GBP ten million in its UK crowdfunding campaign. It employs over 800 people.
In other BrewDog news, the company acquired the Draft House pub chain for an undisclosed sum, media reported on 26 March 2018. In addition to the 33 pubs it currently operates in the UK and its 17 worldwide locations, the acquisition gives BrewDog 14 Draft House locations in London and South East England.
