The American owner of the Kimberly-Clark Australia Millicent Mill has tabled an impressive financial result for its world-wide operations in the 2023 calendar year.

Kimberly-Clark chairman Mike Hsu heads a 50,000 workforce and said his company would be rewarding its shareholders with an increased dividend for the 52nd consecutive year.

“We had a solid finish to 2023, delivering strong organic growth as well as cost and earnings recovery above our initial expectations,” Mr Hsu 
said.

“Our fourth quarter results demonstrate topline momentum with more balanced growth across volume, mix and price led by strong personal care results.

“I’m proud of our team’s outstanding execution, including enhancing the value proposition of our global brands through consumer-centric innovation and stronger, more integrated commercial capabilities.

“We enter 2024 having advanced the company’s strategic foundation and financial position, and with confidence this phase of cost recovery and supply chain stabilization is largely behind us.

“Moving forward, we will continue to invest in differentiating our brands and enhancing our capabilities while we maintain a disciplined cost structure in our next phase of growth.

“I’m confident we are positioned to accelerate and enhance the performance of our business and create meaningful shareholder value as we deliver our purpose of better care for a better world.”