03.04.15
Continued fluctuations in Venezuela’s currency exchange rate contributed to Q4 losses for Kimberly-Clark Corp.
“While we expect significant currency headwinds, we remain optimistic about our future and our prospects to generate attractive returns to shareholders,” CEO Tom Falk said.
Net income fell 29% to $1.5 billion for the year. The company reported a 1.4% dip in revenue during the quarter, coming in at $4.3 billion. For the year, however, revenue rose 1% to $19.7 billion.
“Although the environment has become much more volatile recently, we will continue to execute our global business plan strategies and focus on the fundamentals that create shareholder value,” Falk said. “In 2015, we will leverage our brands, growth initiatives, innovations and marketing investments to drive organic top-line growth. We will also continue to manage our company with financial discipline, with a strong focus on cost savings, cash flow and allocating capital in shareholder-friendly ways.”
Despite Falk’s optimism, strong headwinds are still in the company’s future. In 2015, net sales are expected to decrease 3-6%, though operating profit growth may grow 1-4%.
Net income fell 29% to $1.5 billion for the year. The company reported a 1.4% dip in revenue during the quarter, coming in at $4.3 billion. For the year, however, revenue rose 1% to $19.7 billion.
“Although the environment has become much more volatile recently, we will continue to execute our global business plan strategies and focus on the fundamentals that create shareholder value,” Falk said. “In 2015, we will leverage our brands, growth initiatives, innovations and marketing investments to drive organic top-line growth. We will also continue to manage our company with financial discipline, with a strong focus on cost savings, cash flow and allocating capital in shareholder-friendly ways.”
Despite Falk’s optimism, strong headwinds are still in the company’s future. In 2015, net sales are expected to decrease 3-6%, though operating profit growth may grow 1-4%.