Kimberly-Clark de Mexico SAB de CV (ADR) ( (KCDMY) ) has released its Q4 earnings. Here is a breakdown of the information Kimberly-Clark de Mexico SAB de CV (ADR) presented to its investors.
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Kimberly-Clark de México, S.A.B. de C.V. is a leading Mexican company in the consumer goods sector, known for manufacturing and commercializing branded products such as diapers, feminine pads, and paper towels, under well-recognized brands like Huggies, Kleenex, and Kotex.
In its latest financial report, Kimberly-Clark de México announced a record-breaking year for 2024, with full-year net sales reaching an all-time high of Ps. $54.8 billion, marking a 3% increase from the previous year. The company also achieved significant cost savings of Ps. $1.7 billion through its cost reduction program.
Key financial metrics from the report indicate a mixed performance for the fourth quarter of 2024. While net sales increased by 3% to Ps. $13.8 billion, gross profit saw a slight decline of 1%. Operating income and EBITDA were down by 7% and 6%, respectively, compared to the previous year, primarily due to restructuring charges and increased costs. Despite these challenges, the company reported a 12% growth in net income for the year, achieving a new record.
Looking forward, Kimberly-Clark de México maintains a strong balance sheet with Ps. $15.6 billion in cash and equivalents and a net debt to EBITDA ratio of 0.8 times. The company appears well-positioned to navigate future challenges, leveraging its cost-saving measures and market leadership to drive continued growth.
