Food, Beverage & Tobacco Chilean Community

Key Takeaways Currency depreciation and input cost pressures could impact net margins without corresponding revenue increases, affecting overall financial performance. Macro challenges in Argentina and modest growth in Chile could limit revenue growth and earnings, with potential volume declines from price increases challenging net margins.

Key Takeaways Improved net margins and potentially higher earnings expected due to cost-saving initiatives and reduced risks. Enhanced financial health and lower leverage may support growth initiatives and lower interest expenses.

Key Takeaways Declining alcohol consumption, regulatory pressures, and rising competition threaten long-term growth, squeeze margins, and undermine CCU's profitability across core markets. Heavy dependence on unstable markets like Chile and Argentina, combined with persistent cost inflation and supply chain risks, creates ongoing revenue fragility and limited recovery prospects.

Key Takeaways Operational efficiency, digitalization, and category diversification are set to drive margin and earnings improvement beyond current expectations. Enhanced macroeconomic stability in core markets and a rising middle class will accelerate revenue and profit growth in premium and non-alcoholic segments.