Bielefeld. GILDEMEISTER Aktiengesellschaft, a worldwide leading manufacturer of cutting machine tools, is to join the MDAX. Deutsche Börse in Frankfurt made the official announcement late Wednesday evening following a review of the index composition.
Effective as of 27 December, GILDEMEISTER will be quoted on the MDAX. The technology group was able to achieve the move from the SDAX to the MDAX on the basis of its increase in market capitalization and a higher trading volume on stock exchanges.
“Admission to the MDAX is a reflection of our company’s good performance,” says the executive board chairman, Dr. Rüdiger Kapitza. Through inclusion in the midcap index, GILDEMEISTER shares will attract more attention from private and institutional investors.
GILDEMEISTER is currently enjoying steady growth. For the year 2007 the company expects order intake of over Euro 1.8 billion and sales revenues of more than Euro 1.5 billion. GILDEMEISTER will issue a press release on its provisional figures for the financial year 2007 on 12 February 2008.
The Executive Board
News: Earlier date of joining the MDAX
(12 December 2007)
10 December 2007
Deutsche Börse: Due to the takeover from Techem through Macquarie unscheduled adjustments will be made to MDAX and SDAX: Gildemeister will be included in MDAX effective on 12 December, the change was originally planned for the rebalancing date on 27 December.
Furthermore Highlight Communications will move to SDAX replacing Gildemeister effective on 12 December.
The next regular review of the equity indices of Deutsche Börse is scheduled for March 5, 2008.
MDAX and SDAX are registered trademarks of Deutsche Börse AG.