Kimberly-Clark Sales Increase 7% – Nonwovens Industry Magazine

Kimberly-Clark’s sales of $5 billion in the third quarter of 2021 were up 7% from a year earlier. Changes in exchange rates increased sales by 1% and the net impact of the acquisition of Softex Indonesia and discontinued operations in conjunction with the 2018 global restructuring program increased sales by 2%. Organic sales increased 4%, net selling prices increased 3% and product mix increased sales 1%.

In North America, organic sales increased 3% in consumer products and 16% in KC Professional. Outside of North America, organic sales increased 6% in developing and emerging (D&E) markets and reached the same level as a year ago in developed markets.

In the personal care segment, third-quarter sales of $2.7 billion increased 14%. The net impact of the Softex Indonesia acquisition and discontinued operations in conjunction with the 2018 global restructuring program increased sales by approximately 3%, while exchange rate changes increased sales by 1% . Net selling prices increased by 4%, volumes increased by 3% and the product mix improved by 2 points. Operating profit of $496 million in the third quarter rose 2%. Results benefited from organic sales growth, cost savings and reduced marketing, research and general expenses. The comparison was impacted by input cost inflation.

Sales in North America increased by 11%. Net selling prices increased sales by 5%, volumes increased by 4% and the product mix improved by 2 points. Changes in exchange rates increased sales by 1%, while discontinued operations related to the 2018 global restructuring program reduced sales by 1%.

Sales in D&E markets increased by 18%. The acquisition of Softex Indonesia increased sales by approximately 11%, while changes in exchange rates increased sales by 1%. Net selling prices increased sales by 4% and product mix increased sales by 3%. Organic sales increased in Argentina, Brazil, China, Eastern Europe, India and South Africa, but declined in ASEAN and most other Latin American countries.

Sales in developed markets excluding North America (Australia, South Korea and Western/Central Europe) increased by 11%, including a favorable impact of 4 points related to exchange rate variations. Volumes increased 5% and net selling prices increased sales 2%.