UPDATE 2-Strong dollar, weak demand weigh on Kimberly-Clark forecast

viernes 23 de enero de 2015 10:27 GYT
 

* Forecasts 2015 earnings/shr $5.60-$5.80, below estimates

* Expects 3-6 pct fall in 2015 net sales

* 4th-qtr adj. profit/shr $1.35 from cont ops, misses estimates

* Shares down 5.4 pct premarket (Adds analyst comments, details; updates share move)

Jan 23 (Reuters) - Kimberly-Clark Corp forecast a decline in net sales for 2015 due to a stronger dollar and weaker demand for core products such as Kleenex tissues and Huggies diapers in North America.

Kimberly-Clark's shares were down 5.4 percent at $112.50 in premarket trading.

The surging U.S. currency has been eating into sales of companies with big overseas businesses, crimping demand for U.S. exports and reducing the value of overseas sales when they are translated back into U.S. dollars.

The dollar rose nearly 13 percent in 2014, its biggest yearly gain since 1997, when measured against a basket of major currencies.

Kimberly-Clark, which gets about half of its revenue from international sales, said it expects the stronger dollar to reduce revenue by 8-9 percent in 2015.   Continuación...