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. THIRD QUARTER 2021 RESULTS ● Highlights : Third quarter sales were Ps . $ 11.3 billion . Challenging cost environment , despite cost savings of Ps . $ 350 million in the quarter . EBITDA of Ps . $ 2.2 billion during the quarter with 19.7 % margin . EPS of Ps . $ 0.29 . QUARTERLY FINANCIAL RESULTS Prepared in accordance with International Financial Reporting Standards ( IFRS ) Million pesos NET SALES GROSS PROFIT OPERATING PROFIT NET INCOME EBITDA 3Q'21 $ 11,343 3,598 1,737 879 2,235 October 21 , 2021 3Q'20 $ 11,097 4,203 2,360 1,348 2,845 CHANGE 2 % ( 14 ) % ( 26 ) % ( 35 ) % ( 21 ) % We faced a difficult environment with slower consumption compared to last year and very significant cost inflation . Net sales increased 2 % driven by a 2 % increase in price and mix while volume was stable . Excluding 4e the top line increased 3 % . Consumer products decreased 1 % , Away from Home increased 38 % and exports grew 20 % ( with finished product sales more than doubling ) . Gross profit was down 14 % , with margin of 31.7 % . Every raw material category compared negatively against last year . Pulp was up between 20 % and 30 % depending on the grade while recycled fibers and fluff averaged high single digit increases . In personal care , superabsorbent materials were up more than 40 % and resin prices grew more than 120 % . Finally energy and natural gas also compared negatively with the latter growing more than 90 % . The FX was lower , averaging 11 % less . Our cost reduction program had very good results yielding approximately Ps . $ 350 million of savings in the quarter . Operating expenses were 1 % higher and as a percentage of sales were 20 basis points lower than in 3Q ' 2020 . 1