Heidelberg Materials Drops to Bottom of DAX after Q3 revenue miss, profit-taking

Heidelberg Materials AG

06/11/2025 09:33

** Shares in German cement producer Heidelberg materials HEIG.DE are down 3.1%, the bottom of the German blue chip DAX .GDAXI index, with a local trader pointing to Q3 sales being a "touch below" expectations

** The company reported Q3 revenue at 5.81 billion euros  ($6.78 billion), slightly below an estimate of 5.87 billion seen in a company provided consensus

** The trader adds that it is not sure if the results are enough to prevent profit taking

** Including today's fall the stock has gained 68.06% YTD

($1 = 0.8575 euros)

 (Reporting by Cian Muenster)

 ((Cian.muenster@thomsonreuters.com))