ESTONIA: Vehicle safety equipment maker hit by Russian sales slump - report
Estonian car safety equipment maker Norma reported a 53% drop in third quarter net profits to €1.8 million ($US2.1 million) on Wednesday, below analyst forecasts after lower Russian sales, Reuters reported, adding that Norma, which supplies safety belts and other car components, said in an unaudited statement that net sales in the three months to end September shrank to €14.2 million from 15.3 million in the same period last year.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable