Mexico City, Mexico – Kimberly-Clark de México, S. A. B. de C. V. recently held its Q2 2024 Earnings Conference Call on July 19, 2024, with CEO Pablo Gonzalez and CFO Xavier Cortés Lascurain leading the discussion.

During the call, it was highlighted that the company experienced another record-breaking quarter in net sales, EBITDA, and net income, with consistently strong margins. The Consumer Products business showed significant strength, with healthy brand metrics, stable market shares, and sales growth of 2% from the previous year. Despite a slight decrease in volumes due to strategic adjustments in promotional activities, the company remains confident in future sales growth driven by innovation and commercial execution.

In terms of financial performance, sales for the quarter reached MXN 14.1 billion, a 2.6% increase year-over-year. The company reported positive growth in Consumer Products, Away From Home, and exports. Cost of goods sold decreased by 4%, while gross profit increased by 13.7%, resulting in a margin of 42.3% for the quarter. Operating profit and EBITDA also saw significant growth, with EBITDA margin improving by 50 basis points compared to the previous quarter.

One of the key areas of discussion was the impact of pulp prices on the company’s operations. With a focus on increasing efficiency and exploring cost-effective materials, Kimberly-Clark de México remains optimistic about maintaining solid margins despite pulp price fluctuations. The company also highlighted its commitment to sustainability, as evidenced by its recent sustainability report and recognition in various sustainability-related indexes.

Looking ahead, Kimberly-Clark de México expressed confidence in future sales growth, supported by ongoing innovations, effective commercial strategies, and a strong balance sheet. The company also addressed inquiries regarding cost savings, market dynamics, and strategic initiatives, emphasizing a commitment to driving long-term value for shareholders and stakeholders.

Overall, the Q2 2024 Earnings Conference Call provided valuable insights into Kimberly-Clark de México’s financial performance, strategic direction, and commitment to sustainable business practices, setting a positive outlook for the company’s future growth and development.