Saga Furs Value Creation Network
As an auction house, Saga Furs is well-positioned in the fur industry to bring significant economic, social and environmental value that goes beyond financial returns to its shareholders to include a wider group of participants with a ‘stake’ in our ongoing success.
|Key figures||4 auctions per year|
|Net turnover 52.7 MEUR|
Total sales 437.1 MEUR
Operating result 5.8 MEUR
Result before taxes 9.2 MEUR
| 7.3 million Mink skins|
2.4 million Fox skins
150,000 Finnraccoon skins
320,000 Karakul sheep skins
|INCOMING, ACTIVITIES||OUTCOMES, IMPACTS|
|Code of conduct taken into use and the personnel trained.|
Continuous reduction of energy use and CO2 emissions.
Producers see the link between business and sustainability.
|Investments in digitalisation of business, product development|
and green dressing.
Transparent value chain for fashion customers.
|International value||International value|
|100% skin traceability|
Financing of producers and buyers
99% skins sold for export
|74,250 skin packages shipped|
41 countries where skins sold
34 countries with paid bonuses for producers and buyers
|National value||National value|
|15 work accident frequency rate (LTA1)|
Job creation in scarce employment areas
17,500 indirect trade employees in Finland, direct 5,000
|1.9 MEUR paid taxes|
991 customers with skins sold
5.8 MEUR bonuses for producers and buyers
|Local value||Local value|
|351 employees on average|
98% employee retention rate
18.9 MEUR salaries incl. social security contributions
1.8 MEUR paid dividends
1.2 MEUR interest expenses
Value through doing business
Saga Furs value network partners all contribute to, and benefit from, the value we create through our core auction consignment business; whether through providing income to rural farming communities; bringing sustainable employment to our workforce, or providing tax income and shareholder value to society.
Value through best practices and processes
Saga Furs’ farm certification, implemented through its parent organization, FIFUR, guarantees that products sourced from Saga farms have high environmental management standards and animal wellbeing. In this way, Saga Furs provides its farmer suppliers and big brand customers with a high degree of added value, which can increasingly be described as their license to operate.
Further along the supply-chain, the company’s industry-leading sustainable production practices, which range from sophisticated tools for developing fur pelt quality to design solutions for zero material waste in manufacturing, also bring value for upstream designers, fashion manufacturers and consumers.
Value through intelligence sharing
Saga Furs also promotes continuous and open communication networks throughout the fur industry. Examples include providing real-time business intelligence to local lawmakers, farmers, and brokers; offering fashion customers traceability information on farm origin and certification of our products; as well as educating designers, fashion brand customers, and consumers on sustainable fur dressing standards.
By taking into account the interests of employees, suppliers, customers, partners and communities, we maximize our ability to create and capture value in a partnership network that extends locally, nationally and globally.