August 28, 2019 0

3M organic sales growth

Global manufacturer, 3M, has reported steady sales increases in its office and stationery product categories in Q2.

Reported sales stood at $351 million however, excluding currency effects, 3M said revenue increased organically.

Stationery and Office falls under the wider Consumer business group. Sales in this category also improved in Q2 organically by 0.7% to $1.3 billion. Consumer operating profit for the quarter was $268 million, down 3.6% year on year while operating margin fell by 70 basis points to 20.6%.

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