Compañía Cervecerías Unidas S.A. (CCU) experienced a challenging second quarter in 2024, with consolidated EBITDA plummeting by 78.7%. The company reported an EBITDA of ThCh 10,053 million for the period.
This significant decline was primarily attributed to adverse weather conditions in Chile, which impacted operations and demand. Additionally, weak consumer demand in Argentina contributed to the challenging financial results.
The depreciation of the Chilean peso against the U.S. dollar also had a substantial negative impact on the quarter's performance. This currency fluctuation negatively affected Q2 2024 EBITDA by approximately ThCh 16 billion, exacerbating the overall decline.
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