3M

News aus der Elektroindustrie

31
Jul

Revenue was USD 7.2 bn (EUR 6.1 bn);....

Revenue was USD 7.2 bn (EUR 6.1 bn); this is a decrease of 12.2% compared to the previous year.

Net income increased 14.5% from USD 1,127 m (EUR 956 m) to USD 1,290 m (EUR 1,095 m).

Geographically, sales decreased by 8.5% in the Asia-Pacific-Area, by 12.7% in America and by 16.4% in the EMEA region (Europe, Middle East, Africa).

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Mike Roman, CEO of 3M, announced his forecast for the next 5 years from 2019 to 2023 at Investors Day.........

Mike Roman, CEO of 3M, announced his forecast for the next 5 years from 2019 to 2023 at Investors Day.

at the headquarters in St. Paul, as well as his priorities for the future.

According to this, sales are expected to increase by 3 - 5% in local currency, earnings per share are expected to rise by 8 -11% and the return on invested capital should reach 20%.

The priorities for long-term growth and value creation focus on the company portfolio, innovation, transformation, people and culture.

 

For 2018, 3M continues to expect an above-average result.

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Miss Dr. Dambisa F. Moyo was appointed to the Board of Directors on August 12. Dr. Moyo holds a doctorate.......

Miss Dr. Dambisa F. Moyo was appointed to the Board of Directors on August 12. Dr. Moyo holds a doctorate.......

in economics from the University of Oxford and she is an expert in the financial sector.

Before founding her own company, Mildstorm, she was with Goldman Sachs and previously worked at the World Bank in Washington.

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3M from St. Paul / MN appoints Ms. Sarah Grauze Treasurer and Vice President Finance, as per July 1, 2018.

3M from St. Paul / MN appoints Ms. Sarah Grauze Treasurer and Vice President Finance, as per July 1, 2018.

Grauze joined 3M in 1990 and has held senior management positions in finance, auditing and acquisitions.

Grauze takes over the position from Matt Ginter, who retires at the end of June after 28 years with 3M.

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For the 2nd quarter 3M is paying a dividend of USD 1.11 (EUR 0.98) on 12.6.2016; this means 3M has paid dividends to its shareholders for over 99 years without interruption.

For the 2nd quarter 3M is paying a dividend of USD 1.11 (EUR 0.98) on 12.6.2016; this means 3M has paid dividends to its shareholders for over 99 years without interruption.

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The 3M Group from St. Paul/ Minnesota managed a turnover amounting to USD 22,976 m (EUR 20,238 m) in the period Jan. to Sept. 2015, 4.9%........

The 3M Group from St. Paul/ Minnesota managed a turnover amounting to USD 22,976 m (EUR 20,238 m) in the period Jan. to Sept. 2015, 4.9%........

less than in the same period last year (USD 24,102 m = EUR 21,230 m). Inge G. Thulin, 3M’s president and CEO, appeared satisfied with the course of business.

In order to further strengthen competitiveness 3M has announced a restructuring plan which will lead to 1,500 job cuts all over the world in 2016, mainly affecting the USA and the slower growing markets such as the European economic region, the Middle East and Africa (EMEA) as well as Latin America. These measures are to lead to pre-tax earnings of USD 130 m (EUR 115 m).

Operating income amounted to USD 5,446 m (EUR 4,797 m), a slight drop of just under one per cent compared to last year (last year: USD 5,473 m / EUR 4,821m).

Net income of USD 3,795 m (EUR 3,343 m) was practically the same as last year.

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The 3M Group from St. Paul/ Minnesota attained a turnover of USD 7.7 bn (EUR 7.0 bn) in the 2nd quarter, 5.5% down on last year.

The 3M Group from St. Paul/ Minnesota attained a turnover of USD 7.7 bn (EUR 7.0 bn) in the 2nd quarter, 5.5% down on last year.

Unfortunately the exchange rate trends have been unfavourable for 3M and therefore sales have fallen by 7.3%. Earnings amounted to USD 1.8 bn (EUR 1.6 bn).

Inge G. Thulin, the president of  3M, was satisfied with the result, because organic growth had been made in all the geographical regions in which the group operates despite the sometimes adverse circumstances. 

Overall USD 646 m (EUR 591 m) was paid out in dividends to shareholders and the group’s own shares to a value of USD 1.7 bn (EUR 1.6 bn) were bought back.

The individual divisions had the following turnover figures:
Industrial: USD 2.6 bn (EUR 2.4 bn)
Safety and graphics: USD 1.4 bn (EUR 1.3 bn)
Health Care: USD 1.4 bn (EUR 1.3 bn)
Electronics and Energy: USD 1.3 bn (EUR (1,2 Mrd. EUR)
Consumer: USD 1.0 bn (EUR 0.9 bn)

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The 3M Group from St. Paul/ Minnesota achieved a turnover amounting to USD 7,578 m (EUR 7,055 m) in the 1st quarter 2015, 2.7% more than in the same period last year (USD 7,381 m/EUR 6,872 m).

The 3M Group from St. Paul/ Minnesota achieved a turnover amounting to USD 7,578 m (EUR 7,055 m) in the 1st quarter 2015, 2.7% more than in the same period last year (USD 7,381 m/EUR 6,872 m).

Inge G. Thulin, president and CEO, appeared to be satisfied with the business performance, since growth was attained in all business segments and countries, although the strong US dollar had a negative influence on the result in the 1st quarter.

The operating result amounted to USD 1,730 m (EUR 1,611 m), a small rise of just under one per cent compared with last year (USD 1,716 m/EUR 1,598 m). The net result of USD 1,201 m (EUR 1,118) was 2% below that of the 1st quarter 2014.

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Dr. Joerg Dederichs has taken over the responsibility for Industrial Markets, the largest division at 3M, with effect from 1st January 2015.

Dr. Joerg Dederichs has taken over the responsibility for Industrial Markets, the largest division at 3M, with effect from 1st January 2015.

Dederichs started his 3M career in 1997 and has been a member of the board since 2007. In 2010 he took over the directorship of the health care business in Germany and was appointed labour director and managing director in 2013.

In his new function he replaces Michael Peters, who took over the position of Commercial Excellence and Business Services director at 3M Germany in January 2015 and was appointed as another managing director of the company.

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3M was able to raise its turnover by 2.0% in the 4th quarter in comparison with the prior year to USD 7.7 bn (EUR 6.9 bn). Earnings stood at USD 1.66 bn (EUR 1.45 bn) and net profits at USD 1.2 bn (EUR 1.1 bn).

3M was able to raise its turnover by 2.0% in the 4th quarter in comparison with the prior year to USD 7.7 bn (EUR 6.9 bn). Earnings stood at USD 1.66 bn (EUR 1.45 bn) and net profits at USD 1.2 bn (EUR 1.1 bn).

This results in a record turnover amounting to USD 31.8 bn (EUR 28.3 bn) for the year as a whole, 3.1% more than the prior year.

Earnings rose by 7% to USD 6.67 bn (EUR 5.95 bn) and net profits by 6.4% to USD 4.96 bn (EUR 4.42 bn).

According to CEO Inge G. Thulin it was the strong fourth quarter which made the main contribution to the good annual result, with organic growth extending over all divisions and geographical regions. He says that the generated free cash flow will be invested and has also additionally profited 3M’s stockholders.
 

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