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. An automotive supplier and an IT consultant will move up.

As of 20 December, the two furniture retail start-ups Home24 and Westwing will be removed from the small cap index SDax. Both companies had profited extremely from the pandemic. However, the easing of the Corona measures made themselves felt recently.

Due to the poorer figures of the companies, they are now no longer strong enough for the SDax. Home24 is replaced by automotive supplier Vitesco Technologies and Westwing by IT consultant GFT-Technologies. For the two furniture sellers, the departure from the SDax could bring problems, as it at least damages the start-ups' name recognition.

The third quarter became 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, it had been 55 percent, in the second quarter 39 percent. The picture is similar at Westwing: the company generated sales of 103.2 million euros in the third quarter. This results in a growth of five percent compared to the previous year. In the previous quarter, the figure was 131.7 million.


Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

Related companies

Westwing
Startup 2011 München
Westwing
Online shop for home and living items.
home24
Startup 2009 Berlin
home24
Home & Living E-commerce Platform.

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts