Sapmer SA Navigates Challenges with Strategic Focus

Sapmer SA (FR:ALMER) has released an update.

Sapmer SA experienced a challenging first half of 2024, marked by the cessation of its Mauritian operations and a downturn in its tuna fishing activities, leading to a 35% decline in overall revenue. Despite these setbacks, the company significantly reduced its debt by 89 million euros over three years and strengthened its balance sheet with a capital increase. Looking ahead, Sapmer is focused on fleet modernization and new commercial initiatives to drive future growth.

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