Although the Chilean economy is currently suffering from the prevailing significant weakness in global financial markets, Andina remains relatively insulated due to the company's low leverage and a strengthening product portfolio of essential consumer products. Consequently, we believe the current economic crisis will not have a significant impact on the company's volumes, going forward. Strong volume growth is expected from Brazilian operations in light…

Although the Chilean economy is being significantly impacted by the prevailing weakness in global credit markets, as the company’s major business is to supply low-cost consumer products, we believe Andina’s operations will not succomb to the wider weakness in global econimic conditions. However, we believe the lower-than-expected 4Q 08 performance will impact 1Q 09 performance, resulting in marginal growth in volumes....

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In 3Q 08, Embotelladora Andina S.A. (Andina) displayed healthy revenue growth after reporting weak growth in first two quarters, primarily due to increase in volumes of Carbonated Soft Drinks (CSD) from Argentine operations supported by favorable exchange rate movements between Chilean peso and Brazilian real. We expect profit margins to increase in FY 2009 as we anticipate cost of sales, as a percentage of revenues, to decline…