3M Peels off Historical Record in the 2nd Quarter

On July 25th, 2014, 3M released the 2nd quarter performance report, saying that 3M has gained 1091 dollars for each stock, increased 11.7% compared with the same period last year. Sales amount hit 810 billion, increased 4.9% over the same period of the previous year. Local sales increased 4.8% and merger contributed 0.1% to sales revenue. Compared to last year, this quarter 3M is not well influenced by currency exchange rate fluctuation.

In the second quarter, 3M sales revenue was 19 hundred million dollars, profit margin was 22.8%. Net profit broke 13 hundred million dollars. While in this quarter, the proportion of 3M net profit converting into free cash flow is as high as 103%. 3M cash dividend for stockholders is 5.56 hundred million dollars and acquired company stocks that worth 14 million dollars.

This quarter 3M sales revenue takes on an appreciating trend, electronic and energy increased 6.4%，medical products increased 5.1%, industrial product increased 4.7%, safety and identification increased 4.7%, consumer goods increased 4.2%. Asia-Pacific region local sales increased 6.6%, EMEA (Europe, Middle East and Africa) has increased 4.8%; America local increased 4.5%; Latin America and Canada increased 2.7%.

3M Chairman of the board, president as well as CEO--Inge G. Thulin says, "we have achieved favorable achievements in the second quarter in all aspects. Meanwhile, powerful productive force has driven investment increase. This quarter 3M sales revenue is nearly 23%."

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