DGAP-News: Ming Le Sports AG plans IPO at Frankfurt Stock Exchange in July 2012
(firmenpresse) - DGAP-News: Ming Le Sports AG / Key word(s): IPO
Ming Le Sports AG plans IPO at Frankfurt Stock Exchange in July 2012
22.06.2012 / 15:47
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Ming Le Sports AG plans IPO at Frankfurt Stock Exchange in July 2012
- IPO in the Prime Standard
- Leading company in the Chinese sportswear market
- Revenues of EUR 194.2 million in 2011
- EBIT doubled between 2009 and 2011
Frankfurt, June 22, 2012 - Ming Le Sports AG, a rapidly growing branded
sportswear company in China, is preparing for an IPO in the Regulated
Market/Prime Standard of the Frankfurt Stock Exchange in July 2012. The
expected proceeds from the IPO are planned to be used to finance the
further growth of the company.
Ming Le is one of the leading companies in the Chinese sportswear market,
offering footwear products, apparel, accessories and equipment under its
own brand 'Ming Le'. Given the continuously and steadily growing Chinese
economy, also the future for the Chinese sportswear industry looks very
positive for the next years. Ming Le mainly focuses its distribution,
marketing and expansion on Tier 3 and Tier 4 cities in China, where
international sportswear brands do not have significant presence. With
approximately 2,200 newly developed products in 2011 Ming Le is very well
positioned for the future challenges and the diverse requirements of the
sportswear market in China.
The company will use the expected proceeds from the IPO mainly to finance
its strong growth including the expansion of its distribution network.
Until the end of 2012 Ming Le plans to open 600 - 650 new retail stores and
five to ten self-operated flagship stores to increase brand equity as well
as attract potential distributors and retailers.
Continuous growth during the past years
Thanks to its successful business model Ming Le's revenues grew within the
last three years from EUR 107.3 million in 2009 to EUR 194.2 million in
2011. The profit from operations (EBIT) reached EUR 48.0 million, a plus of
118.3% compared to 2009. In the same period, net profit rose from EUR 19.5
million to EUR 42.0 million.
In 2012 Ming Le continued its steady growth. In the first three months of
2012 revenues reached EUR 56.4 million, while net profit amounted to EUR
13.9 million. Compared to the previous year, this represents a revenue
increase of 52.2% and an increase in net profit of 66.4% with a net profit
margin of 24.5%.
About Ming Le Sports AG
Ming Le Sports AG is a rapidly growing branded sportswear company in China
targeting 16 to 35-year-old men and women who lead an urban, vibrant and
active lifestyle. Ming Le's products include footwear, apparel, accessories
and equipment. The company strives to offer comfortable, fashionable and
affordable lifestyle and leisure sportswear. Ming Le designs its own
products and manufactures them at Ming Le's facilities or through contract
manufacturers. Ming Le markets and sells its products through a network of
24 distributors to over 3,324 retail outlets in China (as at 30 April
2012). As at 31 March 2012, Ming Le had 1,293 employees.
For further information, please contact:
Kirchhoff Consult AG
Dr. Kay Baden
Tel: +49(0)40 609 186 39
Mail: baden(at)kirchhoff.de
Or visit www.mingle.cn
Disclaimer
This publication constitutes neither an offer to sell nor a solicitation to
buy securities of Ming Le Sports AG. The offer is being made solely by
means of, and on the basis of, the published securities prospectus
(including any amendments thereto, if any). An investment decision
regarding the publicly offered securities of Ming Le Sports AG should only
be made on the basis of the securities prospectus. The securities
prospectus is available free of charge from the Company (fax number
+49-(0)69-710456459), Wolfgang Steubing AG (fax number
+49-(0)69-29716-22120) or on the Company's website (www.mingle-ir.com).
The public offer of securities is conducted solely in Germany and Poland.
On 18 June 2012, the German Financial Supervisory Authority (Bundesanstalt
für Finanzdienstleistungsaufsicht) approved the securities prospectus of
Ming Le Sports AG, and on 18 June 2012 notified to the Polish Financial
Supervisory Commission. The securities prospectus was prepared in
connection with the public offering of securities of Ming Le Sports AG
conducted in Germany and Poland and admitting and introducing of the
securities of Ming Le Sports AG to trade on the regulated market of the
Frankfurt Stock Exchange.
This document is not an offer of securities for sale in the United States
of America. Securities may not be offered or sold in the United States of
America absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended. The shares in Ming Le Sports AG
have not been and will not be registered under the U.S. Securities Act of
1933, as amended, and are not being and will not be offered or sold in the
United States of America.
This document is directed at and/or for distribution in the U.K. only to
(i) persons who have professional experience in matters relating to
investments falling within article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (ii)
high net worth entities falling within article 49(2)(a) to (d) of the Order
(all such persons being together referred to as 'relevant persons'). This
document is directed only at relevant persons. Any person who is not a
relevant person should not act or rely on this document or any of its
contents. Any investment or investment activity to which this document
relates is available only to relevant persons and will be engaged in only
with relevant persons.
End of Corporate News
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22.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Ming Le Sports AG
Westhafenplatz 1
60327 Frankfurt am Main
Germany
Internet: www.mingle.cn
ISIN: DE000A1MBEG8
WKN: A1MBEG
End of News DGAP News-Service
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175160 22.06.2012
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Datum: 22.06.2012 - 15:47 Uhr
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