(Vienna) On the evening of 6 March 2025, the ATX Total Return closed above 10,000 points for the first time in its history, finishing at 10,100.07 points. The benchmark index tracks the performance of the 20 largest publicly listed companies in Austria, based on free float capitalisation and turnover, and includes dividends. As a performance index, it provides a broader picture of the Austrian market performance – similar to the German DAX index.
"While the ATX Price Index reflects only half the truth, the ATX Total Return incorporates an essential element of the Austrian stock market: dividends. Data shows that dividends contribute significantly to overall returns. For investors seeking a true reflection of Austria’s stock market performance, the ATX Total Return is the relevant benchmark”, said Christoph Boschan, CEO of Wiener Börse AG.
Since 2002, the ATX Total Return has delivered an annualised return of 8.98%, compared to just 5.92% for the ATX Price Index, which excludes dividends. On an international scale, Austria is regarded as a market with strong dividend yields. Analysts predict the average dividend yield for the ATX in 2025 will be approximately 6% (consensus estimates).
"When comparing indices, not only the dividend policy but also the observation period, capitalisation and sector composition play an important role. The ATX is a cyclical index with index heavyweights in the financial and industrial sectors. Based on market capitalisation and company size, it would be more comparable with the MDAX than with the DAX", explains Boschan.
About the ATX Total Return
The Vienna Stock Exchange has been calculating the ATX index – both including and excluding dividends – since 1991. Three companies – OMV AG, Verbund AG, and Wienerberger AG – have been consistently represented in the index since its inception. The index is predominantly composed of companies from the financial (43%), basic industry (26%), utilities (11%), and industrial goods & services (11%) sectors.
The composition of the ATX is reviewed semi-annually by the Vienna Stock Exchange in accordance with its "Guidelines for Austrian Indices". Companies are selected based on the criteria average daily turnover and free float market capitalization. The calculation of the index follows a purely quantitative methodology.
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About the Vienna Stock Exchange
As the central infrastructure provider in the region, Wiener Börse AG opens doors to global markets. It unites the stock exchanges in Vienna and Prague. Listed companies benefit from maximum liquidity there, and as the market leader it offers investors fast and inexpensive trading. Wiener Börse collects and distributes price data and calculates the most important indices for a dozen markets in the region. Thanks to its unique know-how, the national exchanges in Budapest, Ljubljana and Zagreb also rely on the IT services of the Vienna Stock Exchange. In addition, it is involved in other energy exchanges and clearing houses in the region.
Disclaimer
This press release may contain certain forward-looking statements and projections based on assumptions current at the date of this press release. We assume no liability whatsoever that these forward-looking statements will occur. Furthermore, we expressly point out that this press release does not serve as a basis for an investment decision and constitutes neither an invitation to buy nor an investment recommendation by Wiener Börse AG. The information in this press release is provided without guarantee.
