He emphasized that, considering both total market capitalization and brand recognition, Porsche remains a significant publicly traded company within Germany
The Deutsche Börse announced on Wednesday that Porsche AG, along with other companies, will exit the DAX 40 index in September Porsche had directly entered the DAX following its initial public offering three years ago, but its share price has since significantly declined
Blume attributes the demotion to the mid-cap M-Dax primarily to technical factors related to the DAX’s composition rules The Deutsche Börse’s methodology focuses on freely tradeable shares, which, in Porsche’s case, represent approximately twelve percent of the total This comparatively low figure means Porsche is assessed alongside companies with potentially lower market capitalizations but significantly larger free floats Blume indicated the company narrowly missed retaining its DAX status this round He affirmed Porsche’s ambition to rapidly return to the index, emphasizing the new strategic direction the company is undertaking
Porsche is currently facing considerable challenges in its two key markets, the United States and China Blume defended the current leadership’s strategy for addressing these hurdles, stating the company’s fundamentals are strong and its potential remains substantial He highlighted a consistent strategy, clear priorities and a long-term perspective as key foundations for future success, reiterating Porsche’s standing amongst leading companies in terms of value
Blume also defended his dual role as CEO of both the Volkswagen Group and Porsche AG, a position that has faced criticism from shareholder representatives and, recently, the Volkswagen Group Works Council He asserts the dual role provides significant advantages for both organizations, was intentionally structured as such and that he is committed to leading both companies to their fullest potential He pointed to significant achievements made in a short time, attributing his approach to passion and dedication Blume acknowledged that this dual role is not intended to be indefinite, having previously signaled his eventual departure from the Porsche leadership, although he did not specify a timeframe
