Revenues as Reported
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).
Net sales exhibited a gradual upward trajectory between 2016 and 2020, increasing from 18,200 million US$ to 19,100 million US$. While growth remained marginal between 2016 and 2019, a more pronounced increase of 600 million US$ was recorded in the final year of the period.
- Consumer Tissue Products
- This segment remained relatively stable from 2016 to 2019, fluctuating around the 6,000 million US$ mark. However, a significant surge occurred in 2020, with revenues rising to 6,700 million US$, identifying this segment as a primary driver of the overall net sales increase in the final year.
- Baby and Child Care Products
- Revenue in this category demonstrated high stability throughout the period, maintaining a tight range between 6,300 million US$ and 6,400 million US$. The segment concluded the period at the same value recorded in 2016, indicating a stagnant but consistent revenue stream.
- Away-from-home Professional Products
- A divergent trend is observed in this segment, which experienced growth until peaking at 3,400 million US$ in 2018. Subsequently, a decline occurred, with revenues falling to 3,000 million US$ by 2020, resulting in a final value lower than the 2016 baseline.
- All Other Revenue Streams
- The "All other" category showed a general upward trend, increasing from 2,700 million US$ in 2016 to 3,000 million US$ in 2020, providing a steady contribution to the total revenue growth.
The overall financial pattern suggests a shift in revenue composition by 2020, characterized by a substantial increase in consumer-facing tissue products and a simultaneous contraction in professional away-from-home products.
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