Warning: Illegal string offset 'sidebar-1' in /home/clients/19e16f1745e6e73feef80859b6f39d91/web/wp-content/themes/TheSource/single.php on line 13

K-C de México reports better cost environment in 3Q results

Kimberly-Clark de México has reported a year-on-year net sales increase of 5.1% to Ps.$10.4bn in its third quarter results.

Consumer products for the period were up 6% whilst EBITDA increased 28.4% to Ps. $2.6 bn.

The Mexican-based company said the increases were due to “positive price comparisons, better cost environment and continued cost savings”.

Revenues in consumer products increased 6%, AfH decreased 3% and exports

declined 5% due to an increase in tissue sold domestically. Gross profit grew 18.7%.

Domestic fibre prices compared negatively, while virgin pulp, imported fibres, superabsorbent materials and resins compared favourably.

Energy prices were also lower and the company’s cost reduction programme yielded approximately Ps.$400m in the quarter.

The company said it will “maintain our lean operation and continue to invest efficiently behind our brands and products”.

Kimberly-Clark de México manufactures and commercialises branded consumer products including bath tissue, napkins, facial tissue, paper towels, wet wipes and soap.