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Sep 2, 2021 at 7:41 PMThe shares of Deutsche Post AG will be included in the European blue-chip stock index STOXX Europe 50 effective September 20, 2021. This makes Deutsche Post DHL Group the first logistics company to join this prestigious group. The market capitalization, a key criterion for inclusion, was increased by around 24 billion euros in 2021.
(Bonn) Deutsche Post DHL Group was informed last night by Qontigo, a financial market service provider and subsidiary of Deutsche Börse AG, that the shares of Deutsche Post AG will be included in the European blue-chip stock index STOXX Europe 50 effective September 20, 2021. This makes Deutsche Post DHL Group currently the only logistics service provider in Europe’s leading mixed-currency index.
“The logistics industry has made a valuable contribution to society during the pandemic. In recent months, we have successfully managed increasing shipment volumes in online trade, supplied the population with vaccines, and contributed to the recovery of the global economy by strengthening world trade. The inclusion of Deutsche Post DHL Group [Deutsche Post AG] in the STOXX Europe 50 is a remarkable recognition of our corporation’s outstanding performance, which is based on the dedicated work of our 570,000 employees worldwide,” said CEO Frank Appel.
The Fifty Most Valuable Companies in Europe
The STOXX Europe 50 consists of the fifty most valuable publicly traded companies in Europe. The index was established in 1998 and is considered an important indicator of performance in the European stock market. The STOXX Europe 50 is among the leading underlying assets for index funds, futures, options, and certificates worldwide. The composition of the members is reviewed annually. The basis for classification is the market capitalization of the free float based on the closing prices at the end of August.
After the shares of Deutsche Post AG were traded at an issue price of 21.00 EUR at the IPO around 21 years ago and the rise to EURO STOXX 50 was achieved 8 years ago, the share price has increased to 59.58 EUR (closing price as of August 31, 2021). Thus, the market capitalization has nearly tripled to around 74 billion euros since the IPO.
Photo: © DPDHL
