Company: AKO-B
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001410578-25-000473
Chunk: 92

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 5
Chunk 92
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 costs in Argentina, and (v) the effect of the devaluation of local currencies on our costs incurred in dollars. This was partially offset by (i) lower sales volume in Argentina, (ii) lower concentrate cost in Argentina and Chile, and (iii) lower Pet resin cost in Chile. The cost of sales per unit case increased 17.9% in the same period. Our cost of sales represented 60.3% of net sales for the year ended December 31, 2024, compared to 61.2% for 2023.
Chile
Our cost of sales in Chile was Ch$824,059 million during the year ended December 31, 2024, a 5.0% increase compared to Ch$785,164 million during 2023. The increase in the cost of sales was mainly due to (i) a shift in the mix towards higher unit cost products, (ii) a higher cost of sugar and (iii) the negative effect of the devaluation of the Chilean peso on our costs incurred in dollars. This was partially offset by (i) a lower cost of Pet resin, and (ii) a lower cost of concentrate. The cost of sales per unit case increased 4.4% in the same period. Our cost of sales in Chile represented 66.2% of net sales in Chile for the year ended December 31, 2024, compared to 65.9% for 2023.
Brazil
Our cost of sales in Brazil was Ch$542,293 million during the year ended December 31, 2024, a 17.7% increase compared to Ch$460,649 million during 2023. The cost of sales per unit case increased 4.2% in the same period. In local currency, total cost of sales increased 13.8%, mainly due to (i) the higher sales volume, (ii) the effect of the devaluation of the Brazilian real on our costs incurred in dollars, and (iii) a higher cost of concentrate due to price increases. This was partially offset by the shift in the mix towards lower unit cost products. Our cost of sales in Brazil represented 59.6% of net sales in Brazil for the year ended December 31, 2024, compared to 61.8% for 2023.
Argentina
Our cost of sales in Argentina was Ch$428,873 million during the year ended December 31, 2024, an