Handelsbanken gains on Q1 net profit beat

Svenska Handelsbanken AB

30/04/2025 08:12

** Shares in Handelsbanken SHBa.ST are up 5.5% after the Swedish bank posted net profit of SEK 6.32 billion ($657.19 million) for the first quarter, beating mean analyst forecast by over 6%

** It has also announced that Marten Bjurman will take over as CFO no later than September

** 3% higher-than-forecast net interest income offset fees income that was about as much lower, Jefferies says

** The bank said in the report that it has established a lower cost base as the expenses in the quarter were 5% better than expected, according to Jefferies

** The shares are on track for best day since October 2024

** Shares in peers Swedbank SWEDa.ST, SEB 
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