3M Health Care: 21.9% of 3M’s total revenure in 2003

April 28, 2004 — Research and Markets announces the addition of this new report entitled “3m Medical Device Company Intelligence Report” to its offerings.

M, headquartered in St Paul, Minnesota, USA, is a diversified global company with a market presence in healthcare, safety, electronics, telecommunications, industrial, consumer, office and other markets. The company has operations in more than 60 countries and its products are sold in nearly 200 countries worldwide. 3M has 12 sales offices in 10 US states and operates 61 manufacturing facilities in 23 US states. Internationally, 3M has 185 sales offices and operates 75 manufacturing and converting facilities in 28 countries.

In fiscal 2003, to 31st December 2003, 3M generated an 11.6% increase in revenue to US$18.2 billion, while net income grew by 21.7% to US$2.4 billion. At 31st December 2003, the company employed 67,072 people, with 33,329 in the US and 33,743 employed internationally. 3M derives more than half of its revenue from outside the US. The focus of this profile is the company’s healthcare business, 3M Health Care, which serves the medical, surgical, pharmaceutical, dental, health information and other markets worldwide. Major products include medical and surgical supplies, skin health and infection prevention products, pharmaceuticals, drug delivery systems, dental and orthodontic products, health information systems, microbiology devices and wound care products. 3M Health Care is 3M’s largest business, accounting for 21.9% of the company’s total revenue in fiscal 2003. During the year, 3M Health Care generated a 12.2% increase in revenue to US$3.99 billion, with 6% of the growth due to higher sales volumes and prices and 6.2% due to the favourable impact of exchange rates. In addition, 3M Health Care’s operating income rose by 14.1% to US$1.03 billion during the year.

Company Intelligence Reports provide a full review of the company’s activities, from its origins to its latest corporate activity, including mergers and acquisitions, agreements, divestitures, major purchasing contracts and litigation. Sections are included on products, international activities and R&D, as well as a full, in-depth five year financial analysis. An introduction to each report and a full table of contents is provided for review. More than 60 Company Intelligence Reports are currently available.

For a complete index of this report click on http://www.researchandmarkets.com/reports/45319

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