Innis & Gunn reports 22% increase in turnover

By James Beeson

- Last updated on GMT

On track: Innis & Gunn is aiming for £25m in turnover by 2018
On track: Innis & Gunn is aiming for £25m in turnover by 2018

Related tags: Brewing, Beer, Brewery, Innis & gunn

Scottish independent craft brewer Innis & Gunn has reported “substantial growth” in 2016, with profit, sales and turnover all rising. 

The Edinburgh-based brewer has now enjoyed 13 years of consecutive volume growth, and is on track to reach its publicly-stated goal of £25m in turnover by 2018.​ 

Annual group turnover at the brewery increased by 22% to more than £14.3m last year, while annual gross profit reached £8.5m, up from £6.8m in 2015.

Equity crowdfunding

In 2016, the brewery also opened two new Beer Kitchens in Scotland, signed distribution deals in France, China, Hong Kong and Taiwan and raised £2.5 million in equity crowdfunding.

Chairman of the board of Innis & Gunn Tony Hunt said: "2016 was an outstanding year for Innis & Gunn and the start of a planned transformation of our business. We acquired our first ever brewery, opened new Beer Kitchens, launched some delicious new beers, achieved record sales volumes and won our 46th award for quality since 2009.

“To top it off, through our crowdfunding we brought nearly 2,000 new shareholders into the Innis & Gunn community. Most important of all, we laid the foundations from which we plan to double the size of this business over the next two years.

'Highly talented' brewers

“Around the world, the opportunity is huge as increasing numbers of consumers develop a taste for authentic craft beer and, thanks to Dougal Gunn Sharp and our highly talented brewing team, Innis & Gunn is ideally placed to benefit from that trend."

In February of this year, Innis & Gunn launched a limited-edition stou​t in collaboration with Dublin’s Teeling Whiskey. 

Related topics: Beer

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