BrewDog Posts £36.7m Loss Amid Record UK Beer Market Share
BrewDog, the Scottish craft brewery, has revealed a £20m loan from its main shareholder, TSG Consumer Partners, as part of a debt increase. This comes amidst a £36.7m pre-tax loss, marking the fifth consecutive year in the red. The company's new CEO, James Taylor, has taken the helm after co-founders James Watt and Martin Dickie stepped down.
BrewDog's revenues saw a marginal rise to £357m, despite a record 4.56% share of the stock market today. The company's annual interest payments have climbed by £4m to £17.3m. BrewDog has also closed 10 bars, including its original site in Aberdeen, leading to a reduction in staff numbers from 2,618 to 2,411.
Despite these challenges, BrewDog's earnings before interest, taxes, depreciation, and amortisation (EBITDA) returned to a profit of £7.5m. The company acknowledges risks from rising ingredient costs and increased competition in the stock market.
BrewDog's latest financial results show a complex picture, with increased debt and losses offset by record market share and a return to EBITDA profit. The company, now led by new CEO James Taylor, faces challenges but remains a significant player in the dow jones today.
