The changes, which come into effect in September 2021, will raise the flagship index from 30 to 40 members, and require new entrants to have made an operating profit over the last years. They will also be required to publish their audited financial reports.
"This is a historic milestone," said independent analyst Timo Emden, and one that is"long overdue" for the Frankfurt index, which was launched in 1988 as Germany's answer to the Dow Jones Industrial Average. Wirecard filed for insolvency and its share price plummeted by 98% before it was booted off the index, becoming the first DAX company to fail.Deutsche Boerse's chief executive Theodor Weimer has previously made no secret of his desire to expand the DAX, which is smaller than France's CAC 40 or Britain's FTSE 100.
Berlin online fashion brand Zalando, biotech lab Qiagen, and fragrance maker Symrise are expected to be included in the expanded index.Delivery Hero