Kimberly-Clark de Mexico 1Q 2017 results: sales up 9.2% from year ago, operating profit lower [Link]




OAKLAND, CA, April 21, 2017-

Kimberly-Clark de Mexico reported its first quarter 2017 sales were up 9.2% Peso 9.5 billion ($505.9 million) from a year ago, with operating profit down 10.8% to Peso 1.828 billion.

“A price and mix contribution of 6.9% was the result of pricing initiatives implemented over the last twelve months,” the company said. “Volume growth was 2.3%. Consumer product revenues increased 9.9%, Away from Home 12.9% and exports decreased 6.0% mainly as a consequence of constrained tissue capacity from positive domestic growth.”


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