Ming Le Sports AG announced earnings results for the nine months of 2013. For the period, the company's revenues showed a strong year-on-year growth of 25.5% to EUR 256.6 million compared to EUR 204.5 million a year ago. This positive development resulted primarily from higher sales volumes generated from the increased number of authorised retail outlets and increases in the average unit prices. Profits of operations (EBIT) went down by 11.1% to EUR 44.0 million compared to EUR 49.2 million a year ago. Net profit declined by 23.8% from EUR 43.1 million to EUR 32.9 million in the considered period.

The company provided earnings guidance for the fourth quarter and full year of 2013. For the quarter, the company expects positive business development to continue in the fourth quarter and anticipates a year-on-year revenue growth of 25%, surpassing the EUR 350 million benchmark in 2013. The company has reduced the guidance on the expected net profit margin.

For the full year 2013, the company expects net profit margin between 12% and 14%.

The company plans to add 630 stores including 30 self-owned flagship stores to its existing retail network until the end of 2013.