The Wirecard scandal has set the index landscape in the Federal Republic in motion. Deutsche Börse is building Germany’s leading index: the Dax is to include 40 instead of 30 companies in the future. In addition, the companies in the stock market barometer are subject to stricter controls. Those who are not profitable are thrown out. The changes apply from September 2021.
It is not yet clear which companies will join the Dax. If you go by market value and industry gossip, it could be these ten candidates:
@imago images / photothek
# 1 Symrise
The company, based in Holzminden in Lower Saxony, produces fragrances and flavors. Symrise went public in 2006, and one year later the company was promoted to the MDax. Its roots go back to 1874, to “Haarmann’s vanilla factory”. Today Symrise has 90 locations around the globe and achieved sales of 3.4 billion euros last year.
@imago images / Hubert Jelinek
# 2 Sartorius
The Göttingen pharmaceutical and laboratory supplier went public in 1990. The Sartorius preferred share has been listed in the TecDax since 2012, and in the MDax since 2018. The largest shareholder is a community of heirs. The company was founded in 1870 as a small precision engineering workshop. Sartorius currently employs around 9,000 people and posted sales of EUR 1.8 billion last year.
@imago images / Geisser
# 3 Zalando
The Berlin online retailer was founded in 2008 and sells shoes, fashion and cosmetics. With almost 14,000 employees and sales of 6.5 billion euros last year, he can look back on strong growth. Zalando has been listed on the stock exchange since 2014. In recent years, the company has been repeatedly criticized for problematic working conditions and sales strategies.
@imago images / Rupert Oberhäuser
# 4 Qiagen
The biotechnology group with Dutch roots has been listed on the German stock exchange since 1997 and is represented in both the TecDax and the MDax. It is also listed on the New York Stock Exchange. Qiagen offers test technologies for molecular diagnostics. Last year the company achieved sales of 1.5 billion US dollars. When the composition of the Dax was regularly checked in September, Qiagen was considered a candidate for promotion and almost knocked the chemical company Covestro out of the index.
@imago images / Rupert Oberhäuser
# 5 Uniper
The energy supplier based in Düsseldorf was created in 2016 through a spin-off from the supply giant Eon. Uniper has been part of the Finnish energy group Fortum since March 2020. With around 11,500 employees and sales of EUR 65.8 billion last year, Uniper is a real heavyweight and is also one of the largest electricity producers in Europe.
# 6 Siemens Healthineers
The Siemens medical technology companies are grouped together in this umbrella company. Founded in 2017, Siemens Healthineers unites around 52,000 employees under one roof, had sales of 14.5 billion euros last year, making it one of the largest medical technology manufacturers in the world. The group’s shares have been listed on the stock exchange since 2018. Most recently, Siemens Healthineers made headlines with a share buyback program.
@imago images / CHROMORANGE
# 7 Puma
The company, based in Herzogenaurach near Nuremberg, was founded in 1948. With more than 12,000 employees and sales of 5.5 billion euros last year, it is one of the world’s largest manufacturers of sporting goods, alongside Adidas and Nike. Puma has been a supplier to Borussia Dortmund since 2012. The sneaker specialist has been listed on the stock exchange since 1986.
@imago images / Alexander Pohl
# 8 Knorr Bremse
The public limited company based in Munich has nothing to do with the food company Knorr, but manufactures braking systems for rail and commercial vehicles. The company was founded in 1905 and went public in late 2018. Knorr-Bremse employs almost 29,999 people worldwide, and its most recent turnover was 6.9 billion euros.
@imago images / Steve Bauerschmidt
# 9 Carl Zeiss
The optics specialist was founded in Jena in 1846; today the company is based in Oberkochen in Baden-Württemberg. Carl Zeiss employs more than 31,000 people and most recently had sales of 6.4 billion euros. Numerous subsidiaries come together under the umbrella of the stock corporation. The owner of the mother, Carl Zeiss AG, is the foundation of the same name.
@imago images / Rust
# 10 Hannover Re
The reinsurer, founded in 1966, is majority owned by the Talanx insurance group. Its parent company is in turn the HDI liability association of German industry. With a premium volume of around EUR 22 billion, Hannover Re is one of the largest reinsurers in the world. The company has already been briefly in the Dax, but is currently listed in the MDax. In the past few months, the reinsurer’s business has suffered from the Covid-19 pandemic.