After five years in the SDAX, Krones is returning to the MDAX, Germany's midcap index comprising 50 companies.
The Deutsche Börse AG, a German multinational offering marketplace organizing for the trading of shares and other securities, announced its decision on 6 May 2023 on the new composition of the DAX index family with effect from 19 June 2023.
The DAX, MDAX, SDAX and TecDAX indices were reviewed on the basis of the Fast Exit and Fast Entry rules.
As a result of the periodic review, Krones AG shares will be promoted from the SDAX to the MDAX index. After five years in the SDAX, Krones is returning to the MDAX, Germany’s midcap index comprising 50 companies. Index members are selected on the basis of free-float market capitalization.
The indices allow investors to gain exposure to the German market and implement investment strategies in a transparent, rules-based and cost-effective manner.
“We are delighted that our shares have been promoted to the MDAX. This also reflects the sustained successful development of our company,” said Krones CEO Christoph Klenk. “Irrespective of index membership, the entire Krones team is focused on implementing the corporate strategy with our new target picture, Solutions Beyond Tomorrow,” Klenk added.
The Krones Group, headquartered in Neutraubling, Germany, plans, develops and manufactures machines and complete systems for the areas of process, filling and packaging technology. Krones also offers solutions for the bottle-to-bottle recycling of PET bottles.
Packaging South Asia — An authentic, impactful, and influential 20-year-old !
An English-language packaging industry B2B platform in print and web, Packaging South Asia is in its 20th year of publication. Without claims about being the best, most widely read, or most influential, our Google analytics have doubled in the past year. If you are interested in impactfully targeting the Indian and South Asian markets to sell equipment, technology, software, and consumables, we can help.
We can assess your potential and addressable markets in light of the competition with research and discuss marketing, communication, and sales strategies for market entry and growth. [www.ippstar.org]
With a strategy and budget for targeted marketing, you can discuss optimal use of our hybrid print, web, video, and social media channels for brand recognition linked to market relevance. Our platforms and channels are differentiated by hands-on domain practice and experience. We understand of business and financials, and our team, including some of the best globally recognized technical writers, is ready to meet you and your customers for content.
Get our 2026 media kit and recalibrate your role in this dynamic market. Enhance visibility and relevance to turn potential customers into success. Ask for a sample copy of our print monthly or our two weekly packaging eZines.
