BrewDog to raise more funds as sales and bar numbers grow

BrewDog Stirling

Craft brewer and bar operator BrewDog has revealed a 52% rise in turnover as it prepares to open more bars and raise funds to expand in the US.

The sales increase for 2015 is part of an average annual growth rate of 69% for the Scottish company over the past five years, leading to annual operating profit growth of 112%.

It comes after expanding its number of bars in the UK and overseas, with openings in Brussels, Rome, Hong Kong, Brighton and Soho in London taking the total up to 45.

In 2016, new bars are planned for York and Homerton and Dalston in east London as well as Amsterdam, Warsaw and Berlin.

After raising funds through a series of “Equity for Punks” schemes, BrewDog is set to launch a further round of crowdfunding in May, specifically for US residents to invest. To support this, it will open a North American headquarters, featuring a restaurant, taproom and visitor centre, creating an estimated 124 jobs.

BrewDog is already on course to open a new state-of-the-art, 100,000 sq ft brewery in Columbus, Ohio in August this year.

The fourth round of Equity For Punks will close in April but its response has already smashed records, meaning the company has raised over £20m since 2010 through crowdfunding.

BrewDog co-founder James Watt said: “2015 was a great year for BrewDog in and of itself, but it was also about laying the foundations for the next five years of growth.

“We built an amazing new brewery in Ellon, increasing our capacity there five-fold, and we also started building an amazing new brewery in Columbus, Ohio.

“At the start of 2015 our total annual capacity was 160,000 hectolitres. By the end of 2016 our total annual brewhouse capacity will be 1.5m hectolitres.”

BrewDog’s full results will be announced at the end of February.

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