BrewDog bars lose £235k amid expansion drive

By Finn Scott-Delany

- Last updated on GMT

Increased competition: 'we continue to look for opportunities and innovative way to bring our beer to the wider public,' said James Watt
Increased competition: 'we continue to look for opportunities and innovative way to bring our beer to the wider public,' said James Watt

Related tags: Brewdog

BrewDog’s bar division made a pre-tax loss of £235,000 in 2018 – up from losses of £45,000 in 2017.

As the business continue to invest and expand its estate, turnover grew to £34.9m, up from £24.2m in 2017, as reported by The Morning Advertiser's​ sister title MCA Insight​.

The business opened 12 new bars in 2018, with eight opened so far in 2019 and several more planned.

Overall losses for the year were £418,000, up from £142,000 in 2017.

In a statement in the financial report, CEO James Watt said the key risk was to the business was increased competition with the “growing prominence of the craft beer market”.

“To mitigate this, we continue to look for opportunities and innovative way to bring our beer to the wider public,” he added.

The report recommended no dividend be paid to directors.

Related topics: Beer

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