(Corrects paragraph 6 to show that the company is based in
Dallas and not in New York)
* Sees EPS growth in mid-to-high single digits through 2015
* Sees sales growth of 3-5 pct through 2015
* Sees more savings from ongoing cost reduction plan
March 22 Household products maker
Kimberly-Clark Corp (KMB.N) backed its fiscal 2010 adjusted
earnings view, and said it sees earnings growth in the
mid-to-high single digits and sales growth of 3 percent to 5
percent through 2015.
The company, best known for Kleenex tissues and Huggies
diapers, also outlined a plan to save $400 million to $500
million from 2011 to 2013, helped by lean manufacturing and
supply chain practices and the formation of a global
The company's ongoing costs reduction program from 2008
through 2010 is expected to save $400 million to $450 million,
compared with its original target of $350 million to $450
It lowered its long-term spending target to 4.5 percent to
5.5 percent of net sales, compared with its prior view of 5
percent to 6 percent.
Kimberly-Clark, which plans to focus on fast-growing
markets like China, Russia and Latin America, sees adjusted
earnings of $4.80 a share to $5.00 a share for fiscal 2010.
Shares of the Dallas-based company closed at $61.43 Friday
on the New York Stock Exchange.
(Reporting by Renju Jose in Bangalore; Editing by Anne