Kimberly-Clark sees year-on-year growth in first quarter

Kimberly-Clark has published its financial report for the first quarter of 2010, reporting a 7.6 per cent year-on-year increase in its net sales.

The company’s sales for the three-month period grew to $4.8 billion (3.1 billion pounds), with the company’s healthcare, personal care and consumer products divisions all seeing net sales growth.

In addition, the firm’s acquisitions of I-Flow Corporation and Jackson Safety last year were also cited as having contributed to this quarter’s improved sales performance.

Thomas Falk, chairman and chief executive officer, described the figures as a “solid start to the year”.

He said: “We strengthened our brands by launching a number of innovations in the first quarter and by significantly increasing strategic marketing spending.”

Last month, Kimberly-Clark revealed plans to launch a number of consumer health and hygiene products over the coming year, including new Poise and Depend incontinence offerings and a number of new additions to the Kotex feminine care brand.