Deutsche Börse ejects Nordex from indicies

Despite having finally set a release date on its delayed financial statement, the German OEM is now removed from two of its home country’s indicies for breaching basic criteria. This can carry consequences, Nordex acknowledges.

Photo: Nordex/OVE ARSCHOLL

Starting Monday next week, wind turbine manufacturer Nordex will no longer be found on two German indicies SDAX and TecDAX, two platforms respectively featuring smaller, technology-oriented companies, Deutsche Börse informs in a statement, citing violation of basic criteria.

To be precise, the OEM is now taken out of trading for failure to publish its first-quarter report on time, with Reuters being the media to report the story.

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