Market capitalisation and index inclusion
As a result of share price losses, METRO AG’s market capitalisation declined, falling from €8.5 billion at the end of September 2014 to €8.1 billion at the end of September 2015. On a typical trading day at the Frankfurt stock exchange, the average volume of METRO shares traded totalled around 1.0 million shares during the reporting year (2013/14: 1.1 million). This decline can be attributed to the fact that trading volume on the Frankfurt stock exchange has generally fallen. In addition, alternative trading platforms continue to become more popular. About 7,000 shares of the less liquid preference shares were traded daily (2013/14: 20,000 shares).
Despite a market capitalisation of €8.1 billion, METRO AG is no longer a member of the German stock market index DAX 30. The key reason for this is that Deutsche Börse, in accordance with its own rules and regulations, determines the index-relevant capitalisation solely on the basis of the free float. At the end of September 2015, market capitalisation of METRO AG’s free float totalled about €4.1 billion (September 2014: €3.8 billion).
In Deutsche Börse’s index ranking, the METRO AG share ranked 43rd in terms of market capitalisation and 32nd in terms of stock market trading volume as of the end of September 2015.
The METRO share is one of the MDAX’s largest members in terms of market capitalisation and boasts the second-highest stock market trading volume. METRO AG remains a member of the industry index Dow Jones Euro STOXX Retail.
In September 2014, METRO AG was relisted on the Dow Jones Sustainability World and Dow Jones Sustainability Europe indices after several years of exclusion from these indices. Its membership of both sustainability benchmarks was confirmed in September 2015, with METRO AG improving its sustainability score once again. In 2015, METRO GROUP received the top score in the retail sector category “Food & Staples Retailing” and was named Industry Group Leader. In addition, METRO AG is currently the only German company to have been named Industry Group Leader.
Following METRO AG’s inclusion in the FTSE4Good sustainability index in financial year 2013/14, the company’s membership of the FTSE4Good Global and the FTSE4Good Europe was confirmed in financial year 2014/15. These two British indices include companies that set themselves apart through good corporate social responsibility and corporate governance practices.
METRO AG’s membership in the world’s two most important sustainability index families demonstrates that METRO GROUP is on the right track with its sustainable business practices and that the capital markets are recognising its efforts in this area.