Q1 2019 Kimberly-Clark de Mexico SAB de CV Earnings Call Transcript
Excuse me, everyone, we now have all of our speakers in conference. (Operator Instructions)
It is now my pleasure to turn the conference over to Pablo González, CEO. You may begin.
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Good morning, everyone. Thanks for participating in the call.
Let me start by making a few comments.
Our first quarter results compare positively on a sequential basis [for our mix] year-on-year as we continue to grow our top line, while our margins are still below last year's. Our pricing and cost savings initiatives are helping us deliver better results in a still very challenging cost environment. We are encouraged with our first quarter results and we need to stay the course to achieve further improvements.
On the revenue side, private consumption in Mexico is decelerating and we're experiencing sluggish growth in our categories. In addition, destocking is also occurring, and our efforts to
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