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Brewer seeks new markets

BrewDog plans expansion as sales surge

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brewdog

BrewDog saw a 61% surge in turnover last year as it unveiled plans to expand further afield.

The north east brewer is already one of the fastest growing craft beers globally, surpassing US brands such as such as Lagunitas, Ballast Point and Stone Brewing. It is now looking at further growth in Asia.

New figures show global sales rose to £71.8m leading with an 8% rise in pre-tax profits to £3.76m.

Total UK sales increased by 97% with Punk IPA remaining the biggest-selling craft beer with sales increasing by 130%. However, this still represents just 0.33% of the UK beer market.

In April the company received a £213m investment from TSG Consumer Partners for a 22% stake, valuing the company at £1 billion.

Co-founder James Watt said that sales growth was “constrained” by its Ellon expansion only contributing in September and that brewing as its $30m US site only began in April this year.

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