Strong Chile Operating Segment Performance
EBITDA in the Chile Operating segment increased by 59.1%, with a 9.4% expansion in top-line revenue driven by a 6% increase in average prices and a 3.2% increase in volumes. Gross profit grew by 12.5% and gross margin expanded by 115 basis points.
Significant Growth in Consolidated EBITDA
Consolidated EBITDA nearly doubled compared to the previous year, with a 97.1% increase and an expansion of the EBITDA margin by 150 basis points.
Wine Operating Segment Growth
The Wine Operating segment achieved a 6% top-line expansion driven by a 4.2% rise in volumes and a 1.7% increase in average prices, resulting in an 8.3% increase in EBITDA.
Export Volume Recovery in Wine Segment
Export volumes in the Wine Operating segment grew by 17.4%, significantly contributing to the segment's overall performance.
Improved Financial Efficiencies
Efficiencies in logistics and marketing contributed to a decrease in MSD&A expenses as a percentage of net sales by 197 basis points.