Home24 and Westwing kicked out of the SDax

In just a few days, the two companies will no longer be part of the small cap index. They will be replaced by an automotive supplier and an IT consultant.

From December 20, the two furniture retail start-ups Home24 and Westwing will be removed from the small-cap index SDax. Both companies had benefited greatly from the pandemic. However, the easing of the coronavirus measures has recently made itself felt.

Due to the companies' poorer figures, they are no longer strong enough for the SDax. Home24 will be replaced by automotive supplier Vitesco Technologies and Westwing by IT consultant GFT Technologies. The departure from the SDax could cause problems for the two furniture sellers, as it will at least damage the level of awareness of the start-ups.

The third quarter was a brake on growth for both companies. Home24's growth in this period was only around 18 percent compared to the previous year. In the first quarter, this figure was still 55 percent, and 39 percent in the second quarter. The picture is similar at Westwing: the company generated sales of 103.2 million euros in the third quarter. This represents growth of five percent compared to the previous year. In the previous quarter, the figure was 131.7 million.