...Strong Business Profile: Kimberly-Clark de Mexico, S.A.B. de C.V.'s (KCM) solid business profile is supported by its brand portfolio, low cost structure, extensive distribution network, and access to Kimberly-Clark Corp.'s (KMB) technology and research and development capabilities. The ratings reflect KCM's ability to withstand competitive pressures and soft consumer demand, undertake pricing initiatives and offset input cost volatility, all based on its leading business position in Mexico's consumer product market. Solid Market Position: The company is the market leader in most of its product categories, with market shares that are usually higher than the nearest competitor. These underpin an added operational flexibility when compared to competitors, which allows for higher profitability. Operating Results to Improve: Revenue growth and margins are expected to improve in 2015 toward historical levels. The company's EBITDA margin has been, on average, about 29.8% during the last 10 years...
