Porsche will drop from Germany’s blue-chip DAX index this month, after a decline in share price and a major hit from the United States’ tariffs.
The company will join the mid-cap MDAX index from 22 September, according to index provider and DAX administrator STOXX. Porsche’s share price has dropped by 24.6% across 2025 to date.
“We have the clear ambition to return to the DAX as soon as possible,” said Porsche CEO Oliver Blume. He credited the exit to “technical factors”, as the index determines DAX-listed companies by free float rather than total market capitalisation.
Porsche said in July that it would forge ahead with its strategic realignment this year, amid the impact of U.S. tariffs on its profits and weak luxury vehicle demand in China.
“In addition, the transformation to electric mobility is progressing more slowly than expected overall, with consequences for the supplier network,” said Blume at the time.
In the six months to June, Porsche reported EU€400 million in expenses from U.S. tariffs, as well as €200 million from restructuring and €500 million from battery operations.
The company also cancelled its plans to build its own electric vehicle battery cells last month due to “a lack of economies of scale”, with battery business Cellforce transitioning toward research and development.
Porsche first entered the DAX in 2022 after its initial public offering. Its replacement will be online marketplace platform Scout24.
Porsche’s (FWB: P911) share price closed at €44.06, down from its previous close at €44.53. Its market capitalisation is €40.13 billion.
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