BrewDog reports 55% increase in revenue amid global expansion

BrewDog has reported a 55% increase in revenue in the first half of 2018, driven by global expansion.

Revenue has reached £78m, with the company's bar division seeing 92% growth in turnover to account for £10m of that sum.

In the UK, retail sales grew up by 83%, helped by the punk brewers' acquisition of the 14-strong Draft House pub group.

BrewDog co-founder James Watt said: "We're at one of the most exciting and pivotal junctures in our existence. We've established a solid and rapidly growing presence in the UK and the demand from Europe shows no signs of waning. We're making significant inroads in Asia and Australia, which I believe will begin to bear fruit in 2019. 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."

Nine BrewDog bars have opened internationally in 2018, including the company's first BrewPub in Tower Hill, London. Bars in Canary Wharf and Reykjavik are set to follow in the coming months.

America, where BrewDog has opened its first beer hotel inside the company's Ohio brewery, accounted for £5m of total revenue.

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