Norma falls as Q3 earnings hit by weak demand in auto industry

Shares in Norma NOEJ.DE fall around 5% after the German automotive and industrial supplier posted Q3 earnings impacted by subdued demand from automotive industry in Europe and Americas

Norma posts Q3 revenues of 197.5 million euros ($230.3 million), down from 206.5 million euros a year earlier

"Sales seem to be very weak," a local trader says

Berenberg says the company's results suffered from an overall subdued macro environment, adding the European and Chinese automotive industries in particular showed no significant signs of recovery in the reporting period

Shares, which have lost 10.8% YTD including today's session, touched their lowest level at 13.34 euros since July

($1 = 0.8575 euros)