Full-year sales ahead of forecast.

 

3M has reported strong second-quarter sales across all of its divisions including stationery and office supplies, consumer health and safety, home improvement, and home care.

 

"3M delivered strong performance in the second quarter, once again posting organic growth across all business groups and geographic areas, along with increased earnings and robust cash flow," Mike Roman, 3M chairman and chief executive officer, said.

 

Total consumer division sales were up 20.4 per cent with the Asia-Pacific region up by 20.2 per cent to US1.5 billion

 

The Minnesota-based company has revised its full-year sales outlook from five to eight per cent growth to seven to 10 per cent.

 

After seeing a surge in sales in last year due to a high demand for disposable masks, revenue at 3M’s personal safety division was down slightly with mask sales expected to slow down further in Q3.