W&W leaves SDAX. Wüstenrot & Württembergische stock sits 21.24 percent below its high

Published on 10/18/2026 at 13:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net income reached EUR 105.0 million versus EUR 91.0 million. Wüstenrot & Württembergische stock faces an October 8 index exit.

Index exit and earnings progress

W&W left the SDAX on October 8, 2026, changing its index profile.
First-half 2026 net income reached EUR 105.0 million, versus EUR 91.0 million a year earlier.
W&W stock closed at EUR 13.20 on October 16, 2026.
Montega kept its EUR 20.00 target on September 21, 2026.

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W&W left Germany's SDAX on October 8, 2026, after its index representation changed. Simply Wall St reported that the exit could affect index-linked trading flows, while W&W's investor-relations page lists the Scale-segment move as a September 17, 2026 company event.

Earnings give the move context

W&W entered the index change with improved first-half results. A report on the period ended June 30, 2026 put consolidated net income at EUR 105.0 million, up from EUR 91.0 million in the same period of 2025, while the company maintained a full-year target of EUR 120.0 million to EUR 150.0 million, according to Getquin.

The result provides a stronger operating reference than the index label alone. It also leaves the second half with EUR 15.0 million to EUR 45.0 million of profit required to reach the stated annual range, calculated from the first-half result and the company target.

What does the valuation imply?

Montega kept its buy rating and a EUR 20.00 price target in research dated September 21, 2026, as BÖRSE ONLINE reported. The same research described a proposed dividend increase from EUR 0.65 to EUR 0.75 per share from 2027, subject to shareholder approval.

Three dates frame the story

On August 14, 2026, W&W reported first-half net income of EUR 105.0 million. On September 21, 2026, Montega reiterated its EUR 20.00 target. On October 8, 2026, the SDAX removal took effect. The next company date listed by investor relations is November 12, 2026, for the quarterly statement covering September 30, 2026.

Stock stays below its yearly high

The last Xetra close was EUR 13.20 on October 16, 2026. The quoted 52-week range was EUR 13.02 to EUR 16.76 on that date, placing the close 21.24 percent below the high. W&W stock therefore combines improved interim earnings with a changed index setting and a valuation debate around its dividend outlook.

The further course of trading is shown by the continuously updated real-time quote of W&W stock.