Company: AKO-B
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001410578-25-000473
Chunk: 91

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 5
Chunk 91
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9.6% increase compared to 77.6 million unit cases during 2023. Volume for soft drinks, water, juices/other non-alcoholic beverages and beer and spirits in Paraguay increased 8.1%, 4.7%, 14.8% and 527.3%, respectively, in each case during the year ended December 31, 2024, compared to 2023.
Our average market share for soft drinks in Paraguay during the year ended December 31, 2024, according to A.C. Nielsen Company, was 74.6% in terms of volume, compared to 75.1% for 2023, and 80.1% in terms of average sales, compared to 80.7% for 2023 according to the same source. 
Our net sales in Paraguay were Ch$282,065 million during the year ended December 31, 2024, a 26.0% increase compared to Ch$223,841 million during 2023, mainly as a result of the volume increase and by higher average revenues per unit case. 
Our net sales of soft drinks in Paraguay were Ch$212,512 million during the year ended December 31, 2024, a 22.5% increase compared to Ch$173,464 million during 2023. In local currency, our net sales of soft drinks increased 13.2%, due to the volume increase and by higher revenues per unit case. Our net sales of juices/other non-alcoholic beverages, waters and beer/spirits in Paraguay were Ch$69,553 million during the year ended December 31, 2024, a 38.1% increase compared to Ch$50,376 million during 2023. In local currency, net sales of juices/other non-alcoholic beverages, water and beer/spirits increased by 27.6%, primarily as a result of the volume increase and by higher revenues per unit case sold.
Cost of Sales
Our cost of sales was Ch$1,945,363 million during the year ended December 31, 2024, a 21.4% increase, compared to Ch$1,601,997 million during 2023. This increase is mainly explained by (i) the effect of translating figures from our foreign subsidiaries to the reporting currency, (ii) higher sales volumes in Brazil and Paraguay, (iii) higher sugar costs, (iv) higher labor