Kimberly-Clark reverses loss in quarter

The American multinational corporation Kimberly-Clark recorded in the second quarter of this year $ 566,000,000 net profit, reversing a loss of $ 305,000,000 established a year earlier. The gain represented a profit per share of $ 1.56.
On the same basis of comparison, the net sales of the manufacturer of toiletries-like diapers Huggies, Intimus absorber and the toilet paper Snow-retreated 1.2%, to $ 4.588 billion.
In the release of results released this Monday (25/7), Kimberly-Clark reports losses in sales because of the devaluation of currencies in countries in which it operates against the dollar, with 4% impact on revenue.
While sales rose 4 percent in North America, in emerging markets there was a retraction of 7%, largely because of the negative impact of 13%, of the exchange rate.
But the company had sales gains in volume, including the markets of Brazil, for example, in addition to China, Europe and South Africa.
Kimberly-Clark Corporation maintained the forecast of 2016 with a profit close diluted per share between $ 5.92 to $ 6.15. The company stated that projects a negative impact of the exchange rate on sales this year of about 4% to 5%. This prediction is less pessimistic than the previous one, which saw a pullback from 5% to 6% on account of this variable.
The company plans to generate savings between $ 350,000,000 and $ 400,000,000 in this year with the cost-cutting program. A setting higher than the previous projection, whose forecast was to save at least $ 350,000,000.