New figures released by Innis & Gunn reveal that the independent craft brewer increased its group turnover from £11.8m to £14.3m last year, a 22% leap.
It’s just one of a set of eye-catching statistics for the Edinburgh-based organisation, with annual gross profit climbing from £6.8m to £8.5m (a 25% rise) and sales volume passing 2.2 million cases for the first time.
2016 was also the year Innis & Gunn opened its second and third Beer Kitchen outlets in Dundee and St Andrews respectively, and a fourth – the largest to date – has since started trading in Glasgow hot spot Ashton Lane. Elsewhere, the Inveralmond Brewery in Perth – and its portfolio of award-winning beers – was purchased and turned into The Innis & Gunn Brewery, and continued gains were made abroad. 600,000 bottles of Innis & Gunn were sold in the first year of the new venture with SIP Drinks in France and Canada continues to be fertile territory, accounting for a fifth of the business’ total volume.
Said Dougal Gunn Sharp, company founder and master brewer, “On every dimension, our business grew during the year. Even more importantly we laid the foundations from which we plan to double the size of our business over the next three years, through our ‘Beers, Bars and Brewers’ strategy.”
Gunn Sharp and co’s ambitious targets for the future include trebling their beer production over the next 12 months and hitting £25m turnover by 2018.
Added Tony Hunt, Chairman of the Board, “2016 was an outstanding year for Innis & Gunn and the start of a planned transformation of our business. Around the world, the opportunity is huge as increasing numbers of consumers develop a taste for authentic craft beer, and thanks to Dougal Gunn Sharp and our highly talented brewing team Innis & Gunn is ideally placed to benefit from that trend.”