UPDATE 1-Titan Europe says Q3 rev weak; sees soft demand in Q4
* Says Q3 represents bottom of its market
* Shares fall as much as 8.2 pct (Adds details)
Nov 6 (Reuters) - British wheelmaker Titan Europe Plc (TSW.L) said its third-quarter revenue remained weak due to underlying softness in its customers' end markets and extended holidays and shutdowns across Europe, and that its fourth quarter will also reflect this trend.
However, the company, which makes tracked and wheeled movement systems for mining, construction and agricultural vehicles, said the third quarter ended Sept. 30 represented the bottom of its market.
Titan shares were down 3.5 percent at 34 pence at 1207 GMT. They had fallen 8.2 percent earlier in the session.
The company said in the short term, it expected to see its agriculture and mining investments reviving faster than the construction industry.
Titan also said the main impact of the recession in its industry sectors was being felt in Europe and North America, while its Australian and South American businesses were fairing relatively well.
The company said it was maintaining its net-debt targets and continuing with its programme of reducing fixed costs. (Reporting by Kumar Alagappan in Bangalore; Editing by Vinu Pilakkott)
