THE WHAT? Symrise has announced that the German Stock Exchange has decided to admit the ingredients supplier into the DAX, effective September 20.
THE DETAILS “Today is a very special day for Symrise. 14 successful years in the MDAX and now the promotion to Germany’s leading index confirm our strategy of profitable growth that we have been pursuing since our stock market debut in 2006,” commented Heinz-Jürgen Bertram, Chief Executive Officer of Symrise. “The promotion to the DAX demonstrates that Symrise is an attractive investment and that the market is placing its trust in us. We would like to thank our shareholders, who continue to actively engage with us, we are firmly dedicated to carrying on our journey with vigor over the long term.”
THE WHY? The index has been expanded from 30 to 40 companies and, with a market capitalisation of more than €16 billion, Symrise was a sure-fire candidate for promotion into the expanded index. The company has been consistently listed in the MDAX for the past 14 years.