Q4 2024 Kimberly-Clark de Mexico SAB de CV Earnings Call Transcript
Key Points
- Kimberly - Clark de Mexico SAB de CV (KCDMF) achieved record sales of 54.8 billion pesos for the year, marking a 2.8% increase.
- The company reported significant cost savings of 1.7 billion pesos from its cost reduction program, enhancing operational efficiency.
- Strong performance in consumer products and exports, with consumer products volume growing by 2.4% year-over-year.
- The company maintained a healthy balance sheet with a total cash position of 15.6 billion pesos and a net debt to EBITDA ratio of 0.8 times.
- Plans for a high single-digit dividend increase and an accelerated stock buyback program indicate a strong commitment to returning value to shareholders.
- Operating profit decreased by 7.3% and the operating margin fell to 21.4%, indicating pressure on profitability.
- EBITDA decreased by 5.6%, with a margin reduction of 230 basis points compared to the previous year.
- The company faced significant FX impact and cost pressures, with the exchange rate averaging 14% higher than the previous year.
- Exports volume declined by 15.1%, although this was offset by a 22.2% increase in price mix.
- A one-time charge related to the closure of a manufacturing facility impacted financial results, contributing to a 7.5% increase in G&A expenses year-over-year.
At any time, you may pause, fast forward or back up the program with a single keystroke. (Operator instructions)
Retrieving your conference recording one moment, please.
Good day, everyone and welcome to today's Kimberly Clark de Mexico four Q24 earnings conference call. At this time. (Moderator Instructions) It is now my pleasure to turn the conference over to Mr Pablo Gonzalez.
Thank you, Shulby. Hello, everyone. Thanks for participating on the call. We hope that your year is off to a great start on our very best wishes for you and your families in 2025. This time around, we'll go straight to results and then I'll make some brief comments about our expectations going forward. Javier.
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