Thomas Stark's questions to UNITED BREWERIES CO INC (CCU) leadership • Q1 2024
Question
Thomas Stark asked for details regarding the vineyards segment, noting that receivables increased by over 30% while sales grew only 11%, and inquired about the underlying trade conditions.
Answer
Felipe Dubernet, CFO, explained that the increase in receivables was not due to bad debt but was caused by three main factors. First, the consolidation of receivables from the water business in Argentina. Second, payment delays due to the Easter holiday falling at the end of the quarter, which were recovered in April. Third, the phasing of sales in Argentina towards the end of the month.