Company: AKO-B
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001410578-25-000473
Chunk: 94

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 5
Chunk 94
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 currency, (ii) higher marketing expenses in Brazil and Paraguay, (iii) higher labor expenses in Brazil, Chile and Paraguay, and (iv) higher distribution expenses in Brazil, Chile and Paraguay, and (v) lower other operating income that are classified under this item. This was partially offset by (i) lower distribution costs in Argentina, due to lower volumes sold, and (ii) lower labor costs in Argentina. Our distribution, administrative and sales expenses represented 26.4% of our net sales during the year ended December 31, 2024, compared to 25.2% for 2023.
Chile
In Chile, our distribution, administrative and sales expenses were Ch$282,471 million during the year ended December 31, 2024, a 5.7% increase compared to Ch$267,291 million during 2023. This was mainly due to (i) a higher cost of labor and services provided by third parties, and (ii) a higher distribution expense. Our distribution, administrative and sales expenses in Chile represented 22.7% of our net sales in Chile during the year ended December 31, 2024, compared to 22.4% for 2023.
Brazil
In Brazil, our distribution, administrative and sales expenses were Ch$212,332 million during the year ended December 31, 2024, a 20.6% increase compared to Ch$176,029 million during 2023. In local currency, they increased 16.3%, mainly explained by (i) higher freight expenses, due to the higher volume sold, (ii) higher labor costs, (iii) higher marketing expenses, and (iv) lower other operating income that are classified under this item. Our distribution, administrative and sales expenses in Brazil represented 23.3% of our net sales in Brazil during the year ended December 31, 2024, compared to 23.6% for 2023.
Argentina
In Argentina, our distribution, administrative and sales expenses were Ch$289,602 million during the year ended December 31, 2024, a 78.1% increase compared to Ch$162,564 million during 2023. In local currency (in real terms, based on currency rates as of December 2024), the distribution, administrative and sales expenses decreased 8.2%, which is mainly explained by (i) a lower labor cost, and (ii) a lower distribution cost