Porsche AG Exits Germany DAX September 22 Replaced by GEA, Scout24

Porsche AG, the luxury sports car manufacturer spun off from Volkswagen AG, will exit Germany's leading stock index, the DAX, on September 22, less than three years after its IPO. The company's shares have fallen significantly, losing nearly half their value since the IPO and about one-third in the past year, due to challenges including President Donald Trump's tariffs on European autos, weak demand for electric vehicles, and declining sales in China. Porsche AG will be replaced in the DAX by plant engineering group GEA and real estate platform operator Scout24, both entering the index for the first time. The departure marks a downgrade for Porsche AG to the MDAX mid-cap index, reflecting a substantial decline in profitability and market valuation amid a difficult automotive sector environment. Additionally, laboratory equipment supplier Sartorius will also leave the DAX and move to the MDAX, while other reshufflings occur in the MDAX and SDAX indices. These changes underscore the ongoing shifts in Germany's stock market landscape influenced by global trade tensions and sector-specific challenges.