Earnings release
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Kimberly - Clark de México , S.A.B. de C.V. Kimberly - Clark de México , S.A.B. de C.V. FIRST QUARTER 2021 RESULTS April 22 , 2021 Highlights : . • • First quarter sales were Ps . $ 12.1 billion , up 4 % year over year , due to higher realized prices and strong exports . Challenging cost environment and continued cost savings of Ps . $ 350 million in the quarter . EBITDA of Ps . $ 3.2 billion during the quarter with 26.8 % margin . • EPS of Ps . $ 0.52 . QUARTERLY FINANCIAL RESULTS Prepared in accordance with International Financial Reporting Standards ( IFRS ) Million pesos NET SALES GROSS PROFIT OPERATING PROFIT NET INCOME EBITDA 1Q'21 $ 12,109 4,663 1Q'20 $ 11,692 4,625 CHANGE 11T 2,741 2,702 1,528 1,602 3,243 3,214 Net sales were 4 % higher , driven by a 6 % increase in price and mix while volume was down 2 % . We faced a difficult comparison due to increased volumes in the same quarter of last year from early COVID pandemic purchases by consumers . Sales were also affected by the impact the February winter storm in the Southern U.S. had on some of our operations . Revenues in consumer products increased 3 % , Away from Home decreased 14 % and exports grew 36 % . Gross profit grew 1 % , with margin of 38.5 % . Virgin pulp , fluff fiber and superabsorbent materials , while higher sequentially , were relatively flat year on year , in dollars . Imported and domestic recyclable fibers and resins compared negatively . We also had an important one time hit in gas and electricity costs stemming from the above mentioned winter storm . The cost reduction