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Personal care sales rise 8% to $2.4 billion.
April 20, 2012
By: TOM BRANNA
Editor
Kimberly-Clark Corporation (K-C) posted first quarter 2012 results and reconfirmed its previous guidance for full-year 2012.First quarter 2012 net sales rose 4% to $5.2 billion. In the personal care segment, sales increased 8% to $2.4 billion.Operating profit rose 3% to $399 million.The improvement included benefits from sales growth and cost savings, partially offset by input cost inflation and increased marketing, research and general expenses. Sales in North America increased 1%, while sales in Europe rose 4%.Sales increased about 17% in K-C International.Sales volumes were up 12%, with double-digit growth in each major region (Asia, Latin America, and the Middle East/Eastern Europe/Africa).Volume performance was strong in a number of markets, including Australia, Brazil, China, Israel, Russia, South Africa, South Korea, Venezuela and Vietnam.
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