Market capitalisation and index inclusion
As a result of the share price losses, METRO AG’s market capitalisation fell to €6.9 billion at the end of December 2012 compared with €9.2 billion in December 2011. The trading volume of the METRO share exceeded the previous year’s level in 2012. On an average trading day, 1.6 million ordinary shares of METRO AG were traded, compared with 1.3 million in 2011. Just under 3,000 shares of the less liquid preference shares were traded on average in daily trading. The total was 6,500 in the previous year.
As Germany’s largest listed retail and wholesale group, METRO AG was a member of the German share index DAX 30 from the time of its establishment in 1996 until 24 September 2012. During a regularly scheduled review of the index on 5 September 2012, Deutsche Börse, in accordance with its own rules and regulations, only applied the free float in terms of the index-relevant market capitalisation. At year’s end, the Company’s market capitalisation totalled €6.9 billion, of which €2.8 billion was attributed to the free float. In accordance with the rules and regulations of Deutsche Börse, METRO AG had to be removed from the DAX as a result and is now listed in the MDAX, where the METRO share is one of the biggest members. METRO AG remains a member of the industry index Dow Jones Euro STOXX Retail.