BrewDog turnover rockets after 'hell of a year'
Pre-tax profit for the company increased from £424,101 to £485,936 and operating profit rose from £495,355 to £515,755.
The company said: “2012 was a hell of a year for us at BrewDog. What started off as a dream five years ago became a reality as we moved from a brewery we cobbled together on a shoestring budget, to our new world class craft brewery in Ellon.
“We also opened six new craft beer bars in the UK (Nottingham, Newcastle, Manchester, Birmingham, Bristol and Shoreditch)… All this was made possible through Equity for Punks, our innovative public online share offering with over 6,000 people investing in BrewDog.”
The firm said global demand for its beers is “great” and despite “some constant capacity challenges it is a great tribute to our team that we managed to brew as much great beer at the old brewery as we did!”
“We still cannot even get close to supplying the current global demand from our customers. We have the space needed to be able to really scaler up our brewery’s production and are planning significant investments over the course of 2013 to further and drastically increase capacity, which means we are planning for another year of very strong growth.”
BrewDog added: “We are insanely optimistic about 2013 and are looking forward to brewing loads of amazing beers in our new home and continuing on our mission to make other people as passionate about great craft beer as we are.”
Last month BrewDog said more than £1m had already been invested in its latest Equity for Punks fundraising programme, launched on 20 June.
The group, which is on track to turnover £20m in 2013, has opened 12 bars since 2010 – largely funded by Equity for Punks investment – including its first international location in Stockholm, Sweden, and opened its new £7.5m brewery earlier this year in Ellon, Aberdeenshire.
It has already said it is targeting Sheffield, Liverpool, Brighton, Cardiff, Cambridge, Oxford and south and west London for UK openings this year. In terms of the capital, co-founder James Watt has mentioned Hammersmith, Shepherd’s Bush and Brixton as areas he’d like to operate in.
