3M posts strong sales growth
| 24 July, 2014
3M has posted a 6 per cent rise in second-quarter profit as sales increased across all its businesses. Its consumer business, which includes Scotch tape and Post-it notes, recorded a 3.7 per cent increase in turnover to $1.1 billion.
"Organic sales growth was again positive across all businesses and geographic regions which helped drive double-digit growth in earnings per share," said Chairman and CEO Inge Thulin. "Strong productivity fueled increased growth investments, and operating margins increased year-on-year to nearly 23 percent."