Siltronic rejoins the MDAX
Munich, December 18, 2023 – Due to the positive development of the market capitalization, the Siltronic share is rejoining the MDAX index today. After several months in the SDAX, the Siltronic AG share is once again represented in the second most important index of the German stock exchange. Additionally, Siltronic shares will remain part of the TecDAX.
Throughout the year, Siltronic's share price was negatively impacted by the market weakness in the semiconductor industry, which led to its descent to the SDAX in June 2023. Since then, the share price has steadily recovered, and the company's market capitalization has increased significantly.
Dr. Michael Heckmeier, CEO of Siltronic, commented on this development: "The re-inclusion of Siltronic in the MDAX reflects investors' confidence in our future prospects and our continued growth. This underscores the robust share price performance of recent months."
Siltronic's inclusion in the MDAX is part of Deutsche Börse AG's regular quarterly review. The decision is based on the market capitalization of the freely tradable shares, i.e. the free float market capitalization.
Head of Investor Relations & Communications
Tel.: +49 (0)89 8564 3133
As one of the leading wafer manufacturers, Siltronic is globally oriented and operates production sites in Asia, Europe, and the USA. Silicon wafers are the foundation of the modern semiconductor industry and the basis for chips in all electronic applications – from computers and smartphones to electric cars and wind turbines. The international company is highly customer-oriented and focuses on quality, precision, innovation, and growth. Siltronic AG employs around 4,500 people worldwide and has been listed in the Prime Standard of the German Stock Exchange since 2015. Siltronic AG shares are included in both the MDAX and TecDAX stock market indices.
This press release contains forward-looking statements based on assumptions and estimates of Siltronic’s Executive Board. Although we assume the expectations in these forward-looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. Siltronic does not plan to update the forward looking statements, nor does it assume the obligation to do so.
The contents of this press information refer equally to men and women. To aid readability, the male pronoun has been used (e.g. he/his).