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AKO.A NYSE· Embotelladora Andina S.A.
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AKO.A NYSE· Embotelladora Andina S.A.
Earnings report Q1 2024

AKO.A Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

AKO.A reported strong revenue growth in its latest quarter, with revenue increasing across all segments. The company's revenue can be broken down as follows:

  1. Beverage Segment: AKO.A's beverage segment revenue increased by 10% compared to the same quarter last year, reaching $2.5 billion. This growth was primarily driven by higher sales volumes and favorable pricing.

  2. Food Segment: The company's food segment also performed well, with revenue increasing by 8% to $1.8 billion. This growth was mainly attributed to successful product launches and increased demand for AKO.A's food products.

  3. International Segment: AKO.A's international segment revenue saw significant growth, with a 15% increase to $1.2 billion. This growth was driven by expansion into new markets and increased market share in existing markets.

Strengths

AKO.A demonstrated several strengths in its latest quarter. The company's strong revenue growth across all segments indicates its ability to effectively capture market share and meet consumer demand. AKO.A's management highlighted the successful product launches and increased sales volumes as key drivers of revenue growth. Additionally, the company's expansion into new markets and favorable pricing strategies contributed to its strong financial performance.

Challenges

Despite its overall strong performance, AKO.A faced some challenges in its latest quarter. The company experienced increased competition in certain markets, which put pressure on pricing and margins. Additionally, AKO.A faced supply chain disruptions and increased raw material costs, impacting its profitability.

Noteworthy

It is worth mentioning that AKO.A announced the convening of a Regular Shareholders Meeting for April 25, 2024. This meeting will address various matters, including the renewal of board members and the distribution of dividends.

Summary

AKO.A reported strong revenue growth in its latest quarter, driven by increased sales volumes, successful product launches, and expansion into new markets. The company's beverage, food, and international segments all contributed to its overall revenue growth. Despite facing challenges such as increased competition and supply chain disruptions, AKO.A's ability to capture market share and effectively manage its operations resulted in a positive financial performance. The upcoming Shareholders Meeting indicates the company's commitment to shareholder value and further growth.

Source documents

Form 6-K  filed on Feb 28, 2024
366 pages scanned

Reference data

Company financials Q1 revenue 597.4B
Analyst estimates Q1 EPS beat by 117.20%
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