Shortly before the turn of the year, on December 21st, there will be some changes in the secondary indices MDax and SDax: Seven companies will be promoted, one will fall from the MDax to the SDax and seven companies will drop out of the SDax accordingly.
Deutsche Börse decides which companies are listed in which index. The criteria are the stock exchange turnover in the last twelve months and the market capitalization of the freely traded shares in free float.
The six companies that are excluded from the SDax are: the financial services provider Wüstenrot & Württembergische, the automotive supplier Leoni, the UV technology specialist Dr. Hönle, the machine tool manufacturer DMG Mori, the car wash system manufacturer Washtec, the IT service provider Secunet and the fiber optic network operator Tele Columbus. The financial services provider Grenke dropped out of the MDax in December.
There will be no changes in December in either the leading index Dax or the technology index TecDax. In the coming year there should be far more changes, because the Dax will be increased from 30 to 40 companies in the future. At the same time, stricter rules will apply from next year: Dax candidates must then prove profitability before they are included in the leading index. From next year, the MDax will only include 50 instead of 60 companies.
These companies move up in December:
Siemens’s energy subsidiary only went public in September of this year. Now the rise in the MDax of medium-sized companies is imminent: Siemens Energy is to replace Grenke there on December 21. Siemens Energy is already considered a possible candidate for promotion to the Dax, which has expanded to 40 companies. According to Siemens Energy, with a 67 percent stake in Siemens Gamesa Renewable Energy, it is one of the global market leaders in renewable energies. In the past fiscal year, Siemens Energy made a loss of around 1.9 billion euros.
@imago images / Hannelore Förster
Home24 is one of the big economic winners of the Corona crisis and is now to be promoted to the SDax. The online furniture supplier posted sales growth of 54 percent to around 118 million euros for the third quarter. For the year as a whole, the company expects sales growth of 38 to 42 percent.
@imago images / foto2press
With Westwing, another online furniture retailer was able to benefit from the Corona crisis and will now be promoted to the SDax. The growth in sales was even stronger here than at Home24: The company founded by Delia Fischer (photo) recorded growth of 66 percent to 99 million euros in the third quarter. For the year as a whole, the company is anticipating growth of 55 to 65 percent to 415 to 440 million euros.
The biofuel manufacturer Verbio reacted quickly to the Corona crisis and set up a production line for disinfectants. Verbio normally produces biodiesel, ethanol and methane, among other things. In the 2019/2020 financial year, the company was able to increase its profit by 11.9 percent to 872.4 million euros. Verbio will soon be promoted to the SDax.
The automotive supplier ElringKlinger employs around 10,000 people at 45 locations worldwide. The company recently entered into a fuel cell partnership with the Dutch company VDL. The Corona crisis hit ElringKlinger: sales in the third quarter of 381 million euros were 11.7 percent below the previous year’s level. Compared to the second quarter of 2020, however, there were signs of a recovery. ElringKlinger will be promoted to the SDax at the end of the year.
Degiro has been part of the Flatex Group since August of this year. Together, Flatex Degiro is now one of the largest brokers in Europe. The online broker’s market capitalization is 1.5 billion euros. From the end of December, Flatex Degiro will be part of the SDax company.
@By Matti Blume – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=79839116
The defense electronics manufacturer Hensoldt only went public in September of this year and will now be promoted to the SDax. In the first nine months of the year, the company recorded an increase in sales of 5.5 percent to 712 million euros. An order for the development and production of a new radar for German and Spanish Eurofighters with a value of around 1.4 billion played an important role. There are also further orders with a volume of 1.9 million euros, which the Bundestag has already approved in principle.