Leaner picture for 3M without masks

3M provides personal protection equipiment. (Image: Supplied)

Mon, 30 Jun 2025

After its revenue soared in 2022, largely on the back of supplying the bulk of the Government’s N95 mask contract during covid, 3M New Zealand’s latest accounts report much leaner earnings.Revenue for the year to December 2022 of $206.585 million fell to $80.237m at the end of last year. The New Zealand branch of the US multinational conglomerate supplied 92 million N95 masks to the Ministry of Health between July 2020 and July 2023.SpinoffThe masks were not the only reason for the drop in the latest revenue, though. Last year, the...

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