Interesting to see how stronger developing markets, such as China & Brazil, seem to ’save the day’ for Kimberly-Clark, where personal care product sales rose by 1 percent, underlining the marked difference between those and the hard hit developed markets where sales have been declining. Chris Penfold
Kimberly-Clark sales down but outlook up on lower costs by Simon Pitman, 27-Jul-2009 www.cosmeticsdesign.com
Personal care giant Kimberly-Clark says net sales fell 6 per cent during its second quarter but says cost savings should boost full year results.
Sales for the period totaled $4.7bn, a figure that was hit by currency translation to the tune of 8 percent on the back of a strong US dollar against international currencies.
Read the full article at: Kimberly-Clark sales down but outlook up on lower costs.