...Strong Business Profile: Kimberly Clark de Mexico, S.A.B. de C.V.'s (KCM) solid business profile is supported by its brand portfolio, 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. Solid Market Position: The company is the market leader in most of its product categories, with market shares in some categories that are substantially higher than those of the nearest competitors. These underpin an added operational flexibility when compared with competitors, which allows for higher profitability. Strong Cash Flow Generation: KCM has a long record of sizable EBITDA and operating cash flow generation. Fitch Ratings expects cash flow from operations (CFO) to remain ample over the medium term. During the LTM ended March 31, 2017, CFO was MXN5.2 billion, and Fitch...
