Scottish brewer and operator of the Beer Kitchen concept, Innis & Gunn, has reported turnover up 22% to £14.3m for 2016.
Sales volumes during the year passed 2.2 million cases for the first time, while annual gross profit rose by 25% to £8.5m.
The company said the figures represent a transformative year for Innis & Gunn, which saw it acquire the Inveralmond Brewery- now The Innis & Gunn Brewery – in Perth, and the Inveralmond portfolio of beers, open two new Beer Kitchens in Scotland, sign distribution deals in France, China, Hong Kong and Taiwan and raise £2.5m in equity crowdfunding.
The group, which operates four Beer Kitchens in Scotland, is understood to be in advanced negotiations over sites in the UK and overseas. It has previously expressed an interest in opening in Canada.
Chairman 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.”
