Kimberly Clark expects 3% fall in 2016 net sales

Adjusted earnings per share are expected to be in the range of $5.95 to $6.15 in 2016 as compared to $5.76 in 2015, a rise of 3 to 7 per cent approximately.

Adjusted operating profit is expected to grow by 2 to 5 per cent in the year 2016 to be in the range of $3274.2 to $3370.5 million as compared to $3,210 million in 2015.

The company expects a capital spending of $950 to $1,050 million in the year 2016.

On the company’s outlook for 2016, Thomas Falk, chairman and CEO of Kimberly Clark said, “We are very optimistic about our future and our ability to generate attractive returns to shareholders through successful execution of our global business plan.”

“Despite another year of significantly unfavorable currencies, we expect to further improve our margins and deliver 3 to 7 percent growth in adjusted earnings per share. We plan to achieve healthy organic sales growth and cost savings, improve cash flow and allocate capital in shareholder-friendly ways,” he added. (MCJ)

Fibre2Fashion News Desk – India