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Home Industry News Kimberly-Clark “encouraged” by 2007 performance

Kimberly-Clark “encouraged” by 2007 performance

1st February 2008

Thomas J Faulk, Kimberly-Clark’s chief executive officer, has stated that he is “encouraged” by the company’s performance following the release of fourth quarter and full year financial results for 2007.

The hygiene and health firm reported that net sales in the fourth quarter had improved by 10.5 per cent to $4.8 billion (2.4 billion pounds).

Highlights of 2007 identified by Kimberly-Clark include continued strong growth in emerging markets with sales increasing by 20 per cent.

The company also reported double-digit volume gains for its well-known personal care brands in North America.

Mr Faulk also highlighted key progress by business teams under its Global Business Plan which targets product innovation.

“By focusing on innovation, building our brands and partnering with customers while relentlessly driving costs out of the system, we again delivered on our financial commitments,” he illustrated.

For 2007, organic sales growth came to six per cent – driven by higher sales volumes and favourable foreign exchange rates, the company reports.

Earlier this month, Kimberly-Clark announced it was launching the largest one of the largest marketing campaigns in its history to help drive further sustainable growth for its Cottonelle brand.

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