FRANKFURT (dpa-AFX Broker) - The shares of Heidelberger Druck started a recovery attempt on Monday. In early Xetra trading, the share price shot up by seven percent, but remained in the "penny stock" range at less than one euro.

One trader referred to an article in "Wirtschaftswoche". The article is highly critical of the work of Group CEO Ludwin Monz, whose resignation was announced in mid-April with effect from June 30.

However, the article also looks to the future. "The order intake in the fourth quarter in particular shows a positive market trend," said a company spokesperson, according to "Wirtschaftswoche" on Sunday. Supervisory Board Chairman Martin Sonnenschein expects the business situation to improve in the course of the important industry trade fair Drupa.

Traders spoke of encouraging signals for the share, which had recently reached its lowest level since the beginning of 2021. The printing press manufacturer's share price had fallen below the one euro mark for the first time in three years this year. Before Monday's recovery attempt, Heidelberger Druck shares had lost around 30 percent of their value in 2024 alone./tih/mis

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