Hellofresh flies out of the Dax

On September 19, the start-up is replaced by Siemens Energy, which will be listed on the MDax in the future.

After just over a year, it's already over again. The cooking box supplier Hellofresh will leave the Dax on September 19. The start-up will be replaced by Siemens Energy. Hellofresh moved into the Dax when the Frankfurt Stock Exchange expanded the index for Germany's largest listed companies from 30 to 40 firms last year.

Since the addition of Hellofresh, the company's share price has fallen 75 percent. The Berlin-based start-up will in future be listed in the MDax index of the 50 largest second-line stocks. The Hellofresh share recorded its most recent major slump from July 19 to July 20. At that time, the company cut its expected adjusted earnings from 500 to 580 million euros to 460 to 530 million euros, the Handelsblatt reported.

Most recently, the group had to sell off its insolvent subsidiary Hellofresh Go. The then spin off supplied meal boxes to food vending machines at corporate customers, but struggled during the Corona crisis, which drove many people into home offices. Hellofresh Go has been part of Swedish group Convini since June.