Reunion Island, 6 August 2014 - 5.30pm (Paris time)
Over the semester, SAPMER achieved revenues of €46.5m, down by 16%.This change is defined by an increase of the value enhancing activity of €6.5m against a decrease of €15.5m for the fishing activity. Despite volumes of fish caught being similar to 2013, market prices for the three exploited halieutic resources had an impact on 2014 first half revenues.
Consolidated Revenues (1st January - 30 June)In millions of euros - IFRS 30.06.2014 30.06.2013 | ||
Fishing Value enhancing | 33.7 12.8 46.5 | 49.2 6.3 |
Total of the semester | 33.7 12.8 46.5 | 55.5 |
Number of ships | 10 | 10 |
- The fishing activity at €33.7m therefore represents 72.5% of the total revenues against 88.6%
in 2013.Southern seas fishing sales (Toothfish and Rock lobster) reached €25.6m, with a decrease of €4.4m due
to unfavourable currency and price effects as well as a slight storage effect for Rock lobster.
Whole tuna sales are as expected subject to a strong decrease are also affected by a negative price effect. In total, they reached €7.9m against €19.0m last year.
- The value enhancing activity amounted to €12.8m, up by 103% and represents over the period
27.5% of the total revenues against 11.3% for last year.Over the first half, 42% of tuna catches were value enhanced, against 21% for the same period in 2013.
In 2014, the market environment of the three exploited halieutic resources should impact the
group's growth and margins.
Next press release: 2014 first half results, 17 September 2014 before stock market opens.
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Contacts
SAPMER
Yannick Lauri - CEO - T : + (230) 40 59 700 - ylauri@sapmer.com
Harald Chabot - CFO - T : + (230) 40 59 700 - hchabot@sapmer.com
Actus
Amalia Naveira - Investor/Analyst relations - T : +33 (0)4 72 18 04 97 - anaveira@actus.fr
Marie-Claude Triquet - Press relations - T : +33 (0)4 72 18 04 93 - mctriquet@actus.fr
About SAPMER - www.sapmer.com
SAPMER is the historical deep-sea fishing operator in the waters of the French Southern and Antarctic Territories (TAAF) based on the island of Reunion. Having been created in 1947, SAPMER now operates a wholly-owned fleet of four freezer-longliners for Patagonian Toothfish and a Freezer pot Lobster vessel for Rock Lobster and five tuna purse seiners (on board -40°C deep freeze) for its tuna fishing activity (Yellowfin and Skipjack) in the Indian Ocean.
Positioned on strong valued 'niche' activities, SAPMER is dividing its activities into two categories:
A fishing activity which includes Toothfish and Rock Lobster sales fished in the Southern Seas (Economic Zones of the French Southern and Antarctic Territories - TAAF) and whole tuna sales (Yellowfin and Skipjack) fished in the Indian Ocean.
A value-enhancing and processing activity (sashimi loins, steaks,…) of halieutic products.
SAPMER achieved in 2013 a 91.6M€ revenues (85% of which made from exportations outside Europe, mainly Asia)
SAPMER is listed on Alternext Paris - ISIN code FR0010776617 - ALMER
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