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3M India - Strong recovery across segments ex Healthcare - ICICI Securities

3M India - Strong recovery across segments ex Healthcare - ICICI Securities
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3M's Personal Safety Organic Sales Surged 42% in Q4


The company also saw solid growth in industrial adhesives & tapes and roofing granules.
Jan 26th, 2021
iStock
Manufacturing conglomerate 3M reported its 2020 fourth quarter and full-year financial results on Tuesday, showing that sales in its Safety & Industrial segment accelerated both sequentially and year-over-year amid the COVID-19 pandemic.
The St. Paul, MN-based maker of adhesives, PPE, safety products and Post-It notes showed that its Q4 sales totaled $8.58 billion, up 2.8 percent from Q3 and up 5.8 percent year-over-year (YoY). That followed Q3 YoY and sequential gains of 4.5 percent. On an organic local-currency basis, Q4 sales improved 5.5 percent YoY, up considerably from a 0.9 percent gain in Q3. ....

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3M Is Entering 2021 in Good Shape | The Motley Fool


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The latest sales figures from
3M (NYSE:MMM) show the company now generating sales growth across all its segments, and its fourth-quarter and full-year sales targets now look easily achievable.
Image source: Getty Images.
The table below shows the evolution of 3M s sales in 2020. Investors will be buoyed by the news that growth in the worst impacted segment, transportation and electronics, has now turned positive. ....

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