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Strong euro, weak yen cost Sapmer its €100m sales target

French fishing group saw revenue drop in 2013, as Germany-favored strong euro is damaging an increasing number of eurozone companies

By Undercurrent News | Feb. 5, 2014 15:44 GMT
Strong euro, weak yen cost Sapmer its €100m sales target
Superfrozen tuna at Sapmer's Tuna Processing Services Indian Ocean plant in Port Louis, Mauritius. Photo: November 2013, Undercurrent News.
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French fishing group Sapmer, which is listed on the Paris stock market and based in France's Reunion island in the Indian ocean, posted a slightly lower revenue for 2013 due to currency rate fluctuations [...]

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