DGAP-News: Ming Le Sports AG presents strong sales fair results for Spring/Summer 2013 collection
(firmenpresse) - DGAP-News: Ming Le Sports AG / Key word(s): Incoming
Orders/Development of Sales
Ming Le Sports AG presents strong sales fair results for Spring/Summer
2013 collection
07.11.2012 / 12:07
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Ming Le Sports AG presents strong sales fair results for Spring/Summer 2013
collection
- Overall Spring/Summer sales orders for 2013 show increase of 28.2% to RMB
293.0 million (EUR 36.6 million)
- Footwear amounts to approx. 60% of total Spring/Summer sales
- Sales growth of more than 25% expected for full year 2013
Frankfurt, 07 November 2012 - Ming Le Sports AG, a rapidly growing branded
sportswear company in China, announces its successful seasonal sales fair
results for its Spring/Summer collection 2013. The Ming Le 2013 seasonal
sales fair took place in September in Shangdong Province in Qingdao. The
top-up sales fair, which allows distributors and retailers to place
additional orders, was held this October in Fujian Province in Jinjiang
City.
The overall Spring/Summer sales orders for 2013 grew by 28.2% to RMB 293.0
million (EUR 36.6 million) in comparison with the 2012 Spring/Summer sales
orders. Ming Le's apparel products account for approx. 40% of the total
2013 Spring and Summer sales and footwear for approx. 60%. The average unit
price for apparel increased by 5.5% from RMB 72.08 (EUR 9.00) to RMB 76.05
(EUR 9.50). The footwear average unit prices gained 4.9%, being raised from
RMB 91.97 (EUR 11.50) to RMB 96.46 (EUR 12.00).
On the basis of the increased sales orders for the Spring/Summer 2013
collection, Ming Le expects to achieve sales growth in full year 2013 of at
least 25.0% in RMB terms.
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
26 distributors to over 3,400 retail outlets in China. As at 30 June 2012,
Ming Le had 1,310 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
End of Corporate News
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Language: English
Company: Ming Le Sports AG
Westhafenplatz 1
60327 Frankfurt am Main
Germany
Internet: www.mingle.cn
ISIN: DE000A1MBEG8WKN: A1MBEG
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf
End of News DGAP News-Service
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191962 07.11.2012
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Datum: 07.11.2012 - 12:07 Uhr
Sprache: Deutsch
News-ID 200376
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