The armaments group Rheinmetall is included in the leading German index Dax.
Deutsche Börse announced this on Friday evening. The Düsseldorf-based company will replace the dialysis specialist Fresenius Medical Care AG in the first German stock exchange league from March 20th. FMC then descends into the index of medium-sized stocks, the MDax. Rheinmetall currently has a market value of more than 10.8 billion euros. The share price has almost doubled since the Russian invasion of Ukraine a little over a year ago.
With around 29,500 employees, 15,000 of them in Germany, Rheinmetall is Germany's largest armaments group. The company has added jobs over the past year. Business is booming. The economically positive perspective is also due to increasing demand from other NATO and EU countries. A Rheinmetall spokesman recently said that Russia's attack on Ukraine "again caused stronger and faster demand". "We have years of strong growth ahead of us."
Companies in the armaments industry are also striving for inclusion in the MDax: the armaments electronics manufacturer Hensoldt replaces the biofuel manufacturer Verbio. In addition, the technology group Jenoptik replaces Software AG. Verbio and Software AG are relegated to the SDax.
A few weeks ago, Commerzbank returned to the Dax. The return of Commerzbank was made possible by the withdrawal of the gas manufacturer Linde from the Frankfurt Stock Exchange.