After almost two years in the Dax, the Berlin food supplier Delivery Hero has to leave the leading German index again.

As Deutsche Börse announced late Friday evening, the fast entry rule applies.

Accordingly, Beiersdorf is among the top 33 in the May ranking of the most valuable listed companies in Germany.

This means that Beiersdorf will be included in the Dax again from June 20 after only three months in the M-Dax.

The weakest current Dax value has to go down and that is Delivery Hero just behind the Berlin meal box mailer Hello Fresh.

Daniel Mohr

Editor in the economy of the Frankfurter Allgemeine Sunday newspaper.

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Although Delivery Hero's share price has recovered by almost 50 percent since May 9, it is currently just under 37 euros, still far from its high of 144 euros from last year.

Delivery Hero will not be able to return to the Dax for at least two years.

The stock exchange has made two fiscal years with a profit the new condition for promotion.

However, Delivery Hero has not yet closed a financial year with a profit.

There had always been criticism of the Dax inclusion of the loss-making group.

As a result, Deutsche Börse changed its rules.

Delivery Hero entered the Dax for the insolvent Wirecard AG in August 2020.

Four Dax changes within 15 months

With Beiersdorf, a company is returning to the Dax that only had to be relegated in March.

At that time, the newcomer to the stock market, Daimler Truck, had supplanted the traditional Hamburg group.

Beiersdorf had to leave the Dax in March 2021 after Siemens Energy went public.

Only a few months later, however, the takeover of Deutsche Wohnen by Vonovia freed up a place in the Dax that Beiersdorf was allowed to take.

There have never been four Dax changes within 15 months for a company in the German leading index, which is geared towards continuity.

The Hamburg-based solar and wind park operator Encavis will also be included in the M-Dax from June 20th.

The Lübeck real estate specialist Hypoport, to which the credit broker Dr.

heard small.

Hensoldt and PNE are included in the S-Dax for LPKF Laser&Electronics and SGL Carbon.

Hensoldt also replaces Eckert & Ziegler in the Tec-Dax.