The 2020 Mid-Year Economic Update_long

3M’s October Sales Grow 3%

3M reports that sales increased 2% in the Americas and EMEA (Europe, Middle East and Africa) last month as the company continued its post-pandemic momentum.
3M corporate headquarters building

3M (NYSE: MMM), St. Paul, Minnesota, reported total sales for October increased 3% year-over-year to $2.9 billion. Organic local-currency sales (which includes organic volume impacts and selling price changes) increased 2% while acquisitions, net of divestitures, added 1% and foreign currency translation was flat year-on-year.

Total sales increased 12% in Health Care, 4% in Safety and Industrial, and 7% in Consumer, while Transportation and Electronics declined 4%. Organic local-currency sales increased 8% in Health Care, 4% in Safety and Industrial, and 8% in Consumer, while Transportation and Electronics declined 4%.

On a geographic basis, total sales increased 3% in Asia Pacific and 2% in both EMEA (Europe, Middle East and Africa) and the Americas. Organic local-currency sales increased 2% in the Americas (including the U.S. up 3%), and 1% in both Asia Pacific (including China up 13% and Japan down 4%) and EMEA.

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