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Peter A Walker

EXPLAINED: Brewdog reports 24 million operating loss | Vintage Vibes

Brewdog Scottish Forestry

BrewDog has reported an operating loss of £24m, with adjusted earnings before tax of just £600,000 for the past year.

However, the Ellon-based brewery's annual report for the financial year ended 31 December 2022 also revealed 13% revenue growth to £321m last year, up from £286m in 2021.

Chair Allan Leighton explained that investments in people, brand and infrastructure, together with significant impact cost headwinds "had a detrimental effect on the financial performance of the company in 2022".

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