Porsche AG's departure from the Dax has been confirmed.

German Stock Market Shuffles: Newcomers and Departures

The German stock market is undergoing some significant changes, with several companies joining and leaving various indices.

In a notable move, GEA and Scout24 are set to join the prestigious Dax for the first time. GEA, a leading global provider of equipment and services for the food and pharmaceutical industries, has seen its stock gain 22% since the beginning of the year. The company's margins have been rising, and its order intake has remained stable. GEA has also made cost savings through a restructuring.

Scout24, a digital marketplace for real estate, has seen its stock climb 42% since the start of the year. Despite the ongoing real estate crisis, Scout24 has remained profitable and stable, with a platform that boasts 19 million users per month.

Meanwhile, some companies are departing the Dax. Porsche AG, which joined the index just under three years ago, is leaving due to US tariffs and weakening demand in China. The iconic car manufacturer's stock has lost almost half of its value compared to the issue price in September 2022. Porsche CEO Oliver Blume, however, expects a quick return to the Dax.

Other companies leaving the Dax include Sartorius, a laboratory equipment supplier, and Evotec, a drug discovery company. Sartorius' departure was expected due to changes at the top of the company, while Evotec is moving down to the SDAX.

In the MDAX, Fielmann is joining, replacing Evotec as of September 22. The new CEO of Fielmann, Marc Fielmann, is advancing with the company into the MDax.

Elsewhere, 1&1 is returning to the MDAX and replacing SGL Carbon. Telekom Austria AG and Mayr-Melnhof Karton AG are being replaced in the Austrian leading index, with Strabag SE and Porr AG being added instead.

Notably, the vacant spot in the Stoxx Europe 600 is going to the German online broker FlatexDegiro. However, Just Group was not added to the Stoxx Europe 600 due to "discrepancies in the underlying data."

These changes reflect the dynamic nature of the German stock market, with companies rising and falling based on their performance and market conditions. As always, investors will be keeping a close eye on these developments.