Kimberly-Clark Sales Increase – Nonwovens Industry Magazine

Kimberly-Clark’s sales of $19.4 billion increased 2% in 2021. Organic sales decreased 1% as volumes decreased 4% while net selling prices increased 2% and the product mix improved by 1%. Changes in exchange rates increased sales by 1% and the net impact of the acquisition of Softex Indonesia and business exits in conjunction with the 2018 global restructuring program increased sales by approximately 1% .

Kimberly-Clark’s sales of $5 billion in the fourth quarter of 2021 were up 3% from a year earlier. Organic sales increased 3%, net selling prices increased 2% and product mix increased sales 1%. In North America, organic sales reached the same level as a year ago in consumer products and increased by 2% in KC Professional. Outside of North America, organic sales increased 8% in developing and emerging (D&E) markets and 2% in developed markets.

In the personal care segment, fourth quarter sales of $2.6 billion increased 12%. Volumes increased by 5%, net selling prices increased by 4% and the product mix improved by 2 points. The net impact of the Softex Indonesia acquisition and discontinued operations in conjunction with the 2018 global restructuring program increased sales by approximately 1%. Operating profit of $425 million in the fourth quarter rose 6%. Results benefited from organic sales growth, cost savings, lower other manufacturing costs and reduced marketing, research and general expenses. The comparison was negatively impacted by input cost inflation.

Sales in North America increased by 12%. Volumes increased by 7%, net selling prices increased sales by 5% and the product mix improved by 1 point. Discontinued operations related to the 2018 global restructuring program reduced sales by 1%.

Sales in D&E markets increased by 14%. The acquisition of Softex Indonesia increased sales by approximately 4%. Net selling prices increased sales by 4%, volumes increased by 3% and product mix increased sales by 3%. Organic sales grew by high double digits in all D&E regions. Sales in developed markets excluding North America (Australia, South Korea and Western/Central Europe) increased by 5%, including 4 points of growth in volume. Net selling prices increased sales by 2% and the product mix improved by approximately 1%, while changes in exchange rates decreased sales by 1%.