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3w ago

Porsche to Exit DAX on Sept. 22 as Scout24 Enters Benchmark

A prolonged share slump tied to tariffs, China weakness, plus a slower EV shift triggered the reshuffle.

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Overview

  • STOXX confirmed the move in its regular index review, setting Sept. 22 for Porsche’s removal from the 40‑member DAX with Scout24 taking its place.
  • Porsche is slated to join the midcap MDAX later in September, a change that can influence liquidity from index‑tracking funds.
  • The stock has fallen by more than a third over the past 12 months and about 24% year to date, closing near €44 on Thursday.
  • Porsche has repeatedly lowered its outlook, citing U.S. tariffs imposed by President Donald Trump, softer demand in China and a slower‑than‑expected transition to electric vehicles.
  • CEO Oliver Blume describes the relegation as technically driven and says Porsche aims to return to the DAX quickly, as first‑half results showed revenue and profit declines plus roughly €1.1 billion in special charges.