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

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 3
Chunk 26
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 December 31, 2023 and December 31, 2024, respectively, and 17.6% and 24.8% of our net sales for 2023 and 2024, respectively. Developments in economic, political, regulatory and social conditions in Argentina, and measures taken by the Argentine government, have had and are expected to continue to have an impact on our business, results of operations and financial condition. 
Historically, the Argentine economy has experienced periods of high levels of instability and volatility, low or negative economic growth and high and variable inflation and devaluation levels. According to the National Statistics and Census Institute (Instituto Nacional de Estadísticas y Censos, or “INDEC”), Argentine GDP in real terms grew 5.0% in 2022 and decreased 1.6% in 2023, compared to the previous year according to the INDEC. GDP in 2024 contracted 1.7% according to the INDEC.
Argentine economic conditions are dependent on a variety of factors, including the following:

●   domestic production, international demand and prices for Argentina’s principal commodity exports;
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●   the competitiveness and efficiency of domestic industries and services;
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●   the stability and competitiveness of the Argentine peso against foreign currencies;
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●   the rate of inflation;
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●   the government’s fiscal deficits;
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●   the government’s public debt levels;
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●   government restrictions in response to any pandemic and the capacity of authorities to keep the pandemic under control;
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●   foreign and domestic investment and financing; and
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●   governmental policies and the legal and regulatory environment.
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Government policies and regulation—which at times have been implemented through informal measures and have been subject to radical shifts—that have had a significant impact on the Argentine economy in the past have included, among others: monetary policy, including exchange controls, capital controls, high interest rates and a variety of measures to curb inflation, restrictions on exports and imports, price controls, mandatory wage increases, taxation and government intervention in the private sector.
We cannot assure you that the future development of the Argentine economy will not impair our ability to successfully carry out our business plan or materially adversely affect our business, financial condition or results of operations.
Political and economic instability in Argentina may recur, which could have a material adverse effect on our Argentine operations and on our financial condition and results of operations.
Argentina has a history of political and economic instability that often results in