Heidelberger Druckmaschinen slides along defence-exposed stocks, analyst points to profit taking

Heidelberger Druckmaschinen AG

17/10/2025 10:44

** Shares in German offset printing presses maker Heidelberger Druckmaschinen HDDG.DE drop 5.4% driven by profit-taking

** "Share is being weighed down by the general market weakness and profit-taking on shares with exposure to the defence sector ahead of Trump's planned meeting with Putin in Budapest," analyst Stefan Maichl from Landesbank Baden-Wuerttemberg says

** Up to the previous session's close, the shares were up 134.7% YTD, including a 20% spike in July after announcing entry into defence sector

** An index tracking European defence stocks .SXPARO is down nearly 4% on Friday

 (Reporting by Anastasiia Kozlova)

 ((Anastasiia.Kozlova@thomsonreuters.com))