Sapmer SA (FR:ALMER) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.
For further insights into FR:ALMER stock, check out TipRanks’ Stock Analysis page.