Porsche AG drops from DAX on falling shares and global challenges (updated)

Sartorius AG

04/09/2025 10:00

Add details, background, CEO quote throughout

FRANKFURT, Sept 4 (Reuters) - Shares in Porsche AG P911_p.DE, the luxury sports car maker majority-owned by Volkswagen VOWG_p.DE, will drop out of Germany's benchmark blue-chip index on September 22, stock exchange operator Deutsche Boerse DB1Gn.DE said on Wednesday.

In a statement on its regular DAX .GDAXI index reshuffle, Deutsche Boerse's ISS STOXX unit said Porsche AG, which was a member of the DAX following its listing in 2022, would be replaced by Scout24 G24n.DE, which operates Germany's largest real estate search platform.

Porsche AG will become a member of the midcap index MDAX .MDAXI as a result of the DAX exit.

In an interview with newspaper Frankfurter Allgemeine Zeitung, CEO Oliver Blume, who also heads parent Volkswagen, said Porsche's goal was to return to the DAX as soon as possible, citing the low free float as a factor in the relegation.

U.S. import tariffs and weakening demand in China have led Porsche AG's shares to drop by more than a third over the last 12 months, making it the second-worst decliner among Germany's large-caps behind drugmaker Merck KGaA MRCG.DE.

Porsche said it would take countermeasures such as price adjustments after it announced its earnings for the first half of the year on July 30.

Blume told the newspaper he hoped an overhaul of the business would help the stock's future performance.

"With Porsche's new strategy, we have the clear ambition to return to the DAX as soon as possible," the CEO said.

Pharmaceutical equipment maker Sartorius SATG.DE will also drop out of Germany's DAX .GDAXI and be replaced by GEA Group G1AG.DE, a food processing technology supplier, Deutsche Boerse said.

(Reporting by Christoph Steitz, Writing by Bernadette Hogg, Rachel More and Barbara Lewis)

((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))