BrewDog, the Scottish artisan brewer, has narrowed its annual loss after its revenue grew by 21%.
The company’s annual results showed revenue, including duty, was at £286 million in 2021, up from £238 million in the previous year, helping to narrow its pre-tax loss to £9.4 million, down from £12.5 million loss in 2020.
BrewDog’s market share continued growth significantly ahead of the market despite Covid restrictions and lockdowns, with beer volumes increasing by 23% to 962,000 hectolitres in 2020, largely driven by the UK, US, Germany and Australia.
The launch of Lost Lager and Hazy Jane were two of the fastest-growing SKUs in the UK and are now being rolled out into other geographies and on trade.
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“2021 was another year of huge progress. Though challenges remained, not least the continued closure of much of our bar estate during the year, we delivered significant growth across the business,” BrewDog chief executive James Watt said.
“We are investing in our brand, sustainability, our operations, but most importantly, our people. Being the best employer we can be, and offering brilliant careers, is the surest way to support our future growth.
“We believe we have a once in a generation opportunity to build a business and brand that has a positive impact on the world.
“We are passionately committed to our goal of becoming one of the world’s five most valuable beer brands over the next five years, built on our three core pillars of beer, people and planet.
