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Sapmer Tuna Business Drives Sales Up 15%

A major increase of activities and in the worth of its tuna sales increased the French group Sapmer’s turnover by 15 percent over 2012. The Group reported that its fishing activities represent 79% of total revenues, with the remaining turnover coming from processing.

Reunion Island-based Sapmer, listed on the Alternext Paris stock market, reported a total in annual sales of €93.1 million (USD 126.4 million), up €16.1 million (USD 21.9 million) compared to 2011.

The fishing activities of Sapmer operating in the waters of the French Southern and Antarctic Territories generated in total €73.2 million (USD 99.4 million) in revenues, increased by 15 points compared to 2011, a direct result of higher gross tuna sales increase.

Sapmer is continuously expanding its fishing activities through launching new seiners which will keep its tuna activities growing, the group says.

Tuna revenues grew 74 percent to reach €24.0 million (USD 32.6 million) from €13.8 million (USD 18.7 million) in 2011.

Sapmer CEO Yannick Lauri

“This growth is linked to a strong increase in average selling prices over the year and an increase in sales volumes of tuna products,” said CEO Yannick Lauri.

“Thanks to our ‘premium’ choice, the value enhancing sector increased by 51 percent, reaching €19.9 million (USD 27 million),” he said in a press statement.

In 2012, on average, four minus-40 degrees Celsius tuna purse seiners were in operation, taking into account the arrival of the new seiners Dolomieu in April and Belouve in September last year.