01.26.22
Kimberly-Clark’s sales of $19.4 billion increased 2% in 2021. Organic sales decreased 1% as volumes declined 4% while net selling prices increased 2% and product mix improved 1%. Changes in foreign currency exchange rates increased sales by 1% and the net impact of the Softex Indonesia acquisition and business exits in conjunction with the 2018 Global Restructuring Program increased sales approximately 1%.
Kimberly-Clark’s sales of $5 billion in the fourth quarter of 2021 increased 3% versus the prior year. Organic sales increased 3% as net selling prices rose 2% and product mix increased sales 1%. In North America, organic sales were even with year-ago in consumer products and increased 2% in K-C Professional. Outside North America, organic sales rose 8% in developing and emerging (D&E) markets and 2% in developed markets.
In the Personal Care segment, fourth quarter sales of $2.6 billion increased 12%. Volumes grew 5%, net selling prices increased 4% and product mix improved 2 points. The net impact of the Softex Indonesia acquisition and exited businesses in conjunction with the 2018 Global Restructuring Program increased sales approximately 1%. Fourth quarter operating profit of $425 million increased 6%. Results benefited from organic sales growth, cost savings, lower other manufacturing costs and reduced marketing, research and general spending. The comparison was negatively impacted by input cost inflation.
Sales in North America increased 12%. Volumes rose 7%, net selling prices increased sales 5% and product mix improved 1 point. Exited business related to the 2018 Global Restructuring program reduced sales 1%.
Sales in D&E markets increased 14%. The Softex Indonesia acquisition increased sales by approximately 4%. Net selling prices increased sales 4%, volumes grew 3% and product mix increased sales 3%. Organic sales increased high-single to low-double digits in all D&E regions. Sales in developed markets outside North America (Australia, South Korea and Western/Central Europe) increased 5% including 4 points of volume growth. Net selling prices increased sales 2% and product mix improved approximately 1% while changes in foreign currency exchange rates decreased sales 1%.
Kimberly-Clark’s sales of $5 billion in the fourth quarter of 2021 increased 3% versus the prior year. Organic sales increased 3% as net selling prices rose 2% and product mix increased sales 1%. In North America, organic sales were even with year-ago in consumer products and increased 2% in K-C Professional. Outside North America, organic sales rose 8% in developing and emerging (D&E) markets and 2% in developed markets.
In the Personal Care segment, fourth quarter sales of $2.6 billion increased 12%. Volumes grew 5%, net selling prices increased 4% and product mix improved 2 points. The net impact of the Softex Indonesia acquisition and exited businesses in conjunction with the 2018 Global Restructuring Program increased sales approximately 1%. Fourth quarter operating profit of $425 million increased 6%. Results benefited from organic sales growth, cost savings, lower other manufacturing costs and reduced marketing, research and general spending. The comparison was negatively impacted by input cost inflation.
Sales in North America increased 12%. Volumes rose 7%, net selling prices increased sales 5% and product mix improved 1 point. Exited business related to the 2018 Global Restructuring program reduced sales 1%.
Sales in D&E markets increased 14%. The Softex Indonesia acquisition increased sales by approximately 4%. Net selling prices increased sales 4%, volumes grew 3% and product mix increased sales 3%. Organic sales increased high-single to low-double digits in all D&E regions. Sales in developed markets outside North America (Australia, South Korea and Western/Central Europe) increased 5% including 4 points of volume growth. Net selling prices increased sales 2% and product mix improved approximately 1% while changes in foreign currency exchange rates decreased sales 1%.