Andina Bottling Co. Files Foreign Issuer Report

Ticker: AKO-B · Form: 6-K · Filed: Jan 28, 2025 · CIK: 925261

Andina Bottling CO INC 6-K Filing Summary
FieldDetail
CompanyAndina Bottling CO INC (AKO-B)
Form Type6-K
Filed DateJan 28, 2025
Risk Levellow
Pages15
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: foreign-issuer, sec-filing, compliance

TL;DR

Andina Bottling Co. (AKO) filed a 6-K, standard foreign issuer report. Nothing new, just compliance.

AI Summary

Embotelladora Andina S.A. (Andina Bottling Company, Inc.) filed a Form 6-K on January 28, 2025. The filing is a report of a foreign issuer pursuant to Rule 13a-16 or 15b-16 of the Securities Exchange Act of 1934. The company's principal executive office is located in Renca, Santiago, Chile.

Why It Matters

This filing indicates ongoing reporting obligations for Embotelladora Andina S.A. as a foreign issuer with the SEC, providing transparency to investors.

Risk Assessment

Risk Level: low — This is a routine filing for a foreign issuer and does not appear to contain new material information or significant changes.

Key Players & Entities

FAQ

What is the purpose of this Form 6-K filing?

This Form 6-K is a Report of Foreign Issuer pursuant to Rule 13a-16 or 15b-16 of the Securities Exchange Act of 1934, indicating ongoing reporting obligations.

What is the official name of the registrant?

The official name of the registrant is Embotelladora Andina S.A.

What is the English translation of the registrant's name?

The English translation of the registrant's name is Andina Bottling Company, Inc.

Where is the principal executive office of Embotelladora Andina S.A. located?

The principal executive office is located at Avda. Miraflores 9153 Renca Santiago, Chile.

Does the registrant file annual reports under Form 20-F or Form 40-F?

The registrant indicates it files annual reports under Form 20-F.

Filing Stats: 4,627 words · 19 min read · ~15 pages · Grade level 8.5 · Accepted 2025-01-28 16:27:13

Filing Documents

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15b-16 OF THE SECURITIES EXCHANGE ACT OF 1934 January 2025 Date of Report (Date of Earliest Event Reported) Embotelladora Andina S.A. (Exact name of registrant as specified in its charter) Andina Bottling Company, Inc. (Translation of Registrant´s name into English) Avda. Miraflores 9153 Renca Santiago, Chile (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F Indicate by check mark if the Registrant is submitting this Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes No Indicate by check mark if the Registrant is submitting this Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes No Indicate by check mark whether the registrant by furnishing the information contained in this Form 6-K is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934 Yes No EXECUTIVE SUMMARY The quarter closed with a consolidated Sales Volume of 268.7 million unit cases*, increasing 8.2% regarding the same quarter of the previous year. Transactions* reached 1,460.2 million in the quarter, representing a 7.3% increase regarding the same quarter of the previous year. Accumulated consolidated Sales Volume reached 909.0 million unit cases, representing a 3.0% increase regarding the previous year. Accumulated transactions reached 4,950.5 million, representing a 1.9% increase. Company figures reported are the following: · Consolidated Net Sales reached CLP 952,043 million in the quarter, increasing by 23.1% over the same quarter of the previous year. Accumulated consolidated Net Sales reached CLP 3,224,233 million, representing a 23.1% increase regarding the previous year. · Consolidated Operating Income* reached CLP 142,984 million in the quarter, representing a 9.9% increase over the same quarter of the previous year. Accumulated consolidated Operating Income reached CLP 427,081 million, an increase of 19.5% regarding the previous year. · Consolidated Adjusted EBITDA* increased by 14.5% over the same quarter of the previous year, reaching CLP 182,178 million in the quarter. Adjusted EBITDA Margin reached 19.1%, a contraction of 143 basis points regarding the same quarter of the previous year. Accumulated consolidated Adjusted EBITDA reached CLP 578,192 million, which represents an increase of 23.0% regarding the previous year. Adjusted EBITDA Margin for the period reached 17.9%, a contraction of 2 basis points regarding the previous year. · Net Income attributable to the owners of the controller for the quarter was CLP 98,596 million, an increase of 22.1% over the same quarter of the previous year. Excluding the effect of a lawsuit that was won in Brazil, which allowed us to recognize a tax credit in the fourth quarter, income attributable to the owners of the controller would have been CLP 78,896 million, a decrease of 2.3% compared to the same quarter of the previous year. Accumulated Net Income attributable to the owners of the controller was CLP 232,663 million, an increase of 35.7% over the previous year. SUMMARY OF RESULTS – FOURTH QUARTER AND FULL YEAR 2024 (Figures in million CLP) 4Q23 4Q24 Var % FY23 FY24 Var % Sales Volume (Million Unit Cases ) 248.4 268.7 8.2 % 882.6 909.0 3.0 % Net Sales 773,552 952,043 23.1 % 2,618,437 3,224,233 23.1 % Operating Income* 130,138 142,984 9.9 % 357,337 427,081 19.5 % Adjusted EBITDA* 159,070 182,178 14.5 % 470,108 578,192 23.0 % Net income attributable to the owners of the controller 80,740 98,596 22.1 % 171,441 232,663 35.7 % Comment of the Chief Executive Officer. Mr. Miguel Ángel Peirano "We closed the fourth quarter of 2024 with very solid financial results, as we had in the previous quarters of the year. Adjusted consolidated EBITDA reached CLP 182,178 million, a 14.5% year-over-year growth, driven by local currency adjusted EBITDA growth in Brazil (9.4%), Chile (5.2%) and Paraguay (1.8%), and by the translation effect. In Argentina, adjusted EBITDA in local currency decreased by 7.1%, reflecting a significant improvement over previous quarters, which makes us optimistic about 2025. Sales volumes also showed a positive performance in the quarter, growing in all 4 operations. Consolidated sales volume reached 268.7 million unit cases, an 8.2% increase over the same period of the previous year, with Paraguay growing 12.0%, Chile 8.6%, Brazil 8.1% and Argentina 6.2%. Excluding sales to Coca-Cola Femsa as a result of flood damage to one of its Brazilian plants, consolidated volume reached 264.7 million unit cases, an increase of 6.6% over the previous year, with Brazil growing

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