Data loading...

Sapmer’s Tuna Business Shows Explosive Growth La Reunion, August 1, 12

Deep-sea fishing operator Sapmer’s activity for the first half of 2012 has been steady with a Euro 10.3 million increase of its revenues at Euro 52.5 million against Euro 42.2 million year-on-year. “The evolution of the 2012 1st half revenues, present the rapid growth phase in which we committed ourselves with a rapid and controlled expansion of our tuna fishing activity,” commented General Manager and Director Yannick Lauri.
This growth is attributed to the rapid expansion of its entire tuna fishing activity (whole and value enhanced tuna), greater revenues for Saint-Paul rock lobster and a favorable currency exchange rate due to the euro/dollar parity, as the company has conducted 53 percent of its sales in dollars over the first half 2012.

Tuna sales reached Euro 9.6 million against Euro 5.8 million for the first half of 2011 with an increased price effect.

Fishing revenues came out to Euro 42 million versus Euro 37.7 million in H1 2011, an 11 percent rise. Value enhancing revenues reached Euro 10.5 million in the first half of 2012 compared to Euro 4.5 million a year before, representing a remarkable climb of 133 percent.

The firm’s southern seas fishing of Saint-Paul rock lobster and Patagonian toothfish continues to show a steady demand from the Asian markets with rising prices. Toothfish sales reached Euro 22.9 million against Euro 23.3 million in 2011 thanks to a slight change in the fishing campaign.

Saint-Paul rock lobster sales hit Euro 9.3 million compared to Euro 8.2 million in 2011 as a result of a beneficial price effect.

“The efficiency of our four tuna purse seiners at -40°C, soon to be completed with another ship Belouve as well as the quality of our product with a premium positioning well recognized by our clients, are great assets to carry out our development. Thanks to a CAP 2012 plan managed successfully, Sapmer commits itself to a second growth phase with great opportunities around the oceans waiting to be seized,” Lauri added.