Ming Le Sports AG announced earnings results for first half of 2013. The company reported that revenues showed a year-on-year growth of 25.7% and reached €159.3 million, compared to €126.7 million for the last year. This positive development resulted from higher sales volumes in both product segments of Ming Le Sports - 'Footwear' and 'Apparels, accessories and equipment' - as well as from an increased average unit selling price of €11.80. EBIT increase of 11.8% to €36.5 million from €32.7 million. EBIT margin slightly went down by 2.9% points to 22.9% against 25.8% for the same period a year ago. Net profit amounted to €27.4 million, compared to €28.6 million for the last year.

The company anticipates a year-on-year revenue growth of 25.0% in Euro terms in 2013 surpassing the €350.0 million benchmark and a net profit margin between 17.0 and 18.0% for the full year 2013.

Until the end of 2013 Ming Le plans to add 630 stores including 30 self-owned stores to its existing retail network. Ming Le expects that its network will continue to thrive achieving the market leading position in the respective cities in the near future.