Porsche AG to Leave Germany's DAX Index After Taking Hit From U.S. Tariffs
By Nina Kienle
Premium-car maker Porsche AG is set to leave Germany's DAX for the first time since it joined the blue-chip index after its 2022 initial public offering.
Porsche and healthcare company Sartorius will leave the DAX in its latest quarterly reshuffle and be replaced by digital company Scout24 and GEA Group, a manufacturer of food-processing equipment, index operator Stoxx said late Wednesday. The changes will be effective Sept. 22, Stoxx said.
Porsche--majority-owned by Volkswagen--joined the DAX in December 2022, shortly after it went public, and remained part of it since then. Its share price has taken a hit this year after U.S. tariffs and challenges in Chinese auto market led it to issue a series of guidance cuts. Shares in Porsche shed 24% of their value since the start of the year.
Porsche and Sartorius will be demoted to the MDAX index from the DAX, while Scout and GEA will take the opposite route, according to Stoxx.
The DAX is a blue chip stock market index consisting of the 40 major German companies trading on the Frankfurt Stock Exchange.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
September 04, 2025 02:28 ET (06:28 GMT)
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