Record revenues for brewer
BrewDog closing in on top dozen beer brands
Punk IPA is pushing the brewer up the brand league
Scottish brewer BrewDog has revealed record revenue growth taking it close to the top dozen beer brands in Britain.
Total revenue for the first half was up by 55% on last year to £78 million and the company now claims to be the 13th biggest beer brand in the UK with its flagship Punk IPA increasing its market share by 9.8%.
This has been aided by partnerships with JD Wetherspoon and Greene King, which combined have added 1,200 draught Punk IPA distribution points, while in the off-trade, supermarkets Morrisons and Tesco have totted up an additional 1,900 and 6,000 distribution points respectively.
It has opened nine international venues this year, most recently its 32-room hotel adjacent to its brewery in Ohio. A brewery will open in Brisbane, Australia in early 2019 and it has announced plans to find a suitable site for building a brewery in China.
Export volumes continue to increase, up 35% to 70,000 hectolitres with revenues totalling to £11 million. The US division of the company brought in revenue of £5m in the first half.
Co-founder James Watt said the brewer was establishing “a solid and rapidly growing presence in the UK” while the company’s work in Asia and Australia “will begin to bear fruit in 2019”.
He added: “Our US business is expanding at breakneck speed with new distribution points added every week. All this wouldn’t be possible without our passionate community and a global beer audience that is growing increasingly tired of the lack of quality and variety offered by megabreweries.
“These half year figures are great, but we won’t rest on our laurels. There is much work still to do to change minds and bring more people into the craft beer revolution around planet Earth.”