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January 29, 2008

3M Sales Up 7% to $24.5B in 2007

3M, St. Paul, MN, reported 2007 sales of $24.5 billion, up 7% from a year ago. Profit was $4.1 billion, up 6%.

Sales for the full year were driven by a 7.3% increase in local-currency sales, including acquisitions. Growth was led by Health Care and Safety, Security and Protection Services. Sales in the international operations grew 10% and now constitute 63% of the company's total.

The company announced fourth-quarter sales of $6.2 billion, an increase of 7%. Profit for the quarter was $851 million.

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