Net sales down 5.7% in 2015 at Kimberly Clark

Net sales reduced by 4.5 per cent to $9.2 billion in 2015 at the Personal Care segment of Kimberly Clark as compared to $9.6 billion in 2014. Consumer Tissue segment reported a fall of 7.9 per cent in its net sales in 2015 to $6.1 billion as compared to $6.6 billion previous year. The Professional segment reported a fall of 5 per cent to $3.2 billion as compared to $3.3 billion in 2014.

The operating profit at Kimberly Clark fell by 36 per cent in 2015 to $1.6 billion as compared to $2.5 billion in the previous year. Gross profit fell by 0.9 per cent in 2015 to $6.62 billion as compared to $6.68 billion in 2014.

Net income fell by 33.2 per cent in 2015 to $1.06 billion as compared to $1.5 billion in 2014.

Commenting on the results, Thomas J Falk, chairman and CEO of Kimberly Clark said, “For the full year of 2015, we achieved 5 percent organic sales growth, highlighted by 10 percent growth in developing and emerging markets and a 5 percent volume increase in our North American consumer products business. I'm pleased with our execution in a challenging environment.”

“We are very optimistic about our future and our ability to generate attractive returns to shareholders through successful execution of our Global Business Plan,” he added. (MCJ)

Fibre2Fashion News Desk - India