Overview

• Deutsche Börse/ISS Stoxx confirmed Porsche AG and Sartorius will leave the DAX on 22 September, with GEA and Scout24 set to join.
• Porsche will shift to the MDax under rules that rank companies by the market value of freely tradable shares, with Porsche’s free float at roughly 12%.
• Porsche shares fell following the announcement, and analysts flag likely additional selling by DAX-tracking ETFs around the rebalancing date.
• The exit follows sharp declines in Porsche’s share price and profitability since its 2022 IPO, linked to weak China demand, EV sales challenges and tariff pressures.
• Porsche Automobil Holding SE remains in the DAX, while the demotion is widely viewed as symbolic of the broader strains on German automakers.