ST. PAUL, MN -- 3M said its Electronics and Energy business unit's sales fell 7.9% in the second quarter despite higher demand for electronics materials.

The unit had total sales of $1.3 billion in the June quarter, the company said. Organic local-currency sales declined 3%, divestitures reduced sales by 0.7% and foreign currency translation reduced sales by 4.2%, 3M added.

Operating income was $277 million, a decline of 5.2% year-on-year. The operating margin was 21.2% for the period.

On an organic local-currency basis, electronics-related sales declined 2% as growth in electronics materials solutions was offset by a decline in display materials and systems. Energy-related sales declined 3% on lower demand for electrical markets, telecom and renewable energy.

Sales grew in the US and declined in EMEA, Asia Pacific and Latin America/Canada.

The division makes flex circuits and materials for printed circuit boards, among other products.



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