Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
A-Brands

Kimberly-Clark Reports Organic Sales Growth Of 6% In FY2020

By Dayeeta Das
Share this article

Kimberly-Clark Corporation has reported a 6% growth in organic sales in its financial year 2020, as volumes grew by 4% and net selling prices and product mix grew by 1%.

Full-year net sales amounted to $19.1 billion (€15.8 billion), up 4% compared to 2019.

The company's adjusted operating profit increased 9% to $3.6 billion (€3 billion) in 2020 from $3.3 billion (€2.7 billion) in 2019.

Chairman and chief executive officer, Mike Hsu said, "In 2020, we grew organic sales 6%, with healthy underlying performance and increased demand because of COVID-19. We also significantly increased brand investments and improved our market share positions.

"I'm extremely proud of what our teams accomplished while staying relentlessly focused on employee health and safety and meeting the needs of our consumers during this unprecedented time period."

ADVERTISEMENT

Fourth Quarter Performance

In the fourth quarter, Kimberly-Clark generated net sales of $4.8 billion (€4 billion), up 6% compared to the same period last year.

The company's overall organic sales increased by 5% in full year 2020. In North America, the consumer products division saw organic sales grow by 11%, while K-C Professional reported a 7% decline.

Outside North America, organic sales rose 3% in developing and emerging (D&E) markets and 2% in developed markets.

Outlook

In 2021, Kimberly-Clark expects net sales to increase 4% to 6%, including organic sales growth of 1% to 2%.

ADVERTISEMENT

Hsu added, "Going forward, we will continue to execute K-C Strategy 2022. We expect to further improve our market positions by building on our current momentum and leveraging our enhanced commercial capabilities.

"At the same time, we will continue to operate with financial discipline. We expect more challenging category conditions and higher commodity costs in 2021. That said, we remain very optimistic about our strategies to deliver balanced and sustainable growth over time and create long-term shareholder value."

© 2021 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.

Get the week's top grocery retail news

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days