Printed Electronics Now staff12.21.20
3M reported sales information for November 2020.
Total sales for November increased 8% year-on-year to $2.9 billion.
Organic local-currency sales (which include organic volume impacts and selling price changes) increased 7%, while divestitures decreased sales by 1%. Foreign currency translation increased sales by 2% year-on-year.
Total sales increased 16 percent in both Safety and Industrial, and Consumer, while Health Care grew 5%, and Transportation and Electronics increased 3%.
Organic local-currency sales increased 15 percent in Consumer, 14 percent in Safety and Industrial, 7% in Health Care, and 1% in Transportation and Electronics.
On a geographic basis, total sales increased 10% in EMEA (Europe, Middle East and Africa), 9% in the Americas, and 5% in Asia Pacific.
Organic local-currency sales increased 11% in the Americas (the U.S. increased 13%), 7% in EMEA, and were flat in Asia Pacific (China increased 13%, and Japan decreased 5%).
Through November, 3M has delivered fourth-quarter to-date total sales of $5.7 billion.
Although significant macroeconomic uncertainty remains, with one month left in the quarter the company estimates its sales to be in the range of $8.2 to $8.4 billion for the fourth quarter.
