Recently, Kimberly-Clark announced its 2023 financial report, with net sales of US$20.4 billion in 2023, a year-on-year increase of 1%, and organic sales up 5% year-on-year. Among them, in the fourth quarter of 2023, Kimberly-Clark's net sales were $5 billion, basically the same as the same period last year. Kimberly-Clark's sales growth in 2023 was driven by higher selling prices and product mix optimization. Product sales were down 2% year-on-year, and Kimberly-Clark's full-year sales decreased by about 3% due to currency exchange rate changes. Kimberly-Clark's exit from its tissue and commercial products business in Brazil led to a 1% drop in sales.
The managing director of Kimberly-Clark (China) Co., Ltd. is Ms. Chen Yi
According to FMCG, Kimberly-Clark was founded in 1872 and has production facilities in 34 countries and regions around the world. Personal health care products, household paper and commercial consumer products are the three core businesses of Kimberly-Clark, which owns many world-renowned brands such as Kleenex, Huggies® ®, Kotex ®® and Depend®.® ® The Managing Director of Kimberly-Clark (China) Co., Ltd. is Ms. Chen Yi, and Kimberly-Clark's adjusted operating profit in 2023 reached US$2.96 billion, an increase from US$2.617 billion in 2022. This growth was driven by higher organic sales and lower production costs.
By business, Kimberly-Clark's personal care products business reported net sales of $10.69 billion in 2023, up 1% year-over-year, with organic sales up 5% in 2023, with growth in all regional markets. Net sales in the Household Tissue business were $6.29 billion, up 1 percent year-over-year, with organic sales up 3 percent. Commercial Products net sales were $3.4 billion, up 5 percent year-over-year, with organic sales up 7 percent.
Looking ahead to 2024, Kimberly-Clark expects the company's net sales to be negatively impacted by foreign exchange and the retreat of its operations in Brazil. However, organic sales are expected to grow by a low- to mid-single-digit percentage. Operating profit is expected to grow by a high-single-digit percentage to a low-double-digit percentage.
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