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A vessel of the fishing fleet belonging to SAPMER. (Photo Credit: Sapmer)

SAPMER closes H1 with slight drop in revenues

  (RÉUNION, 8/19/2015)

The firm SAPMER achieved revenues amounting to EUR 45.1 million in the first half of the year, representing a 2.9 per cent decline in comparison to the corresponding period last year, when profits had been EUR 46.5 million.

The company attributed this drop mainly to a weaker yen from the first half 2014, making tuna loin exports to Japan less competitive and leading to a strong reduction in sales volumes for this products.

Processed tuna sales for the period from 1 January to 30 June reached EUR 6.2 million from EUR 12.8 million in the same period last year.

Meanwhile, whole tuna sales grew by 48.1 per cent year on year, reaching EUR 11.7 million, in comparison to EUR 7.9 million obtained a year earlier. According to SAPMER, this strong increase follows the Group’s strategy evolution to value enhance only tuna of premium quality and sell standard quality as whole tuna.

This change also had the positive effect of maintaining the average selling price of whole tuna sales to a level that is comparable to the one achieved the previous year while market prices are down by more than 10 per cent in the first half of 2015; pushed by yellowfin tuna sales volume well above those of skipjack tuna sales.

Besides, the southern seas fishing activity – including revenues generated by toothfish and rock lobster revenues -- generated EUR 27 million of revenues, representing 60 per cent of the Group’s revenues.

SAPMER's report on consolidated revenues until 30 June indicates that it obtained a total of EUR 38.7 million for its sales of toothfish, rock lobster and whole tuna, versus EUR 33.5 million made in the same month last year.

The Group highlights that it intends to continue developing the strong improvement plan for its tuna activity, which includes better allocation of its fisheries to better value the quality of its premium processed tuna as well as its whole tuna.

Related article:

- SAPMER Group experienced challenges in 2014 


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Information of the company:
Address: Darse de Peche 4 rue Charles Dickens
City: Le Port
State/ZIP: (97420)
Country: Réunion
Phone: +262 2 62 42 02 73
Fax: +262 2 62 42 03 85
E-Mail: [email protected]
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