Sweden's Handelsbanken Q4 net profit beats forecast (updated)
05/02/2025 06:09
(Adds detail, background in paragraphs 2-3)
STOCKHOLM, Feb 5 (Reuters) - Swedish bank Handelsbanken
SHBa.ST reported a net profit for the fourth quarter that
topped market expectations on the back of strong interest and
financial income and said its costs rose 5% compared to the
preceding quarter.
Net profit at the more than 150-year-old bank dipped to 6.85
billion crowns ($624 million) from 7.24 billion a year ago,
topping a mean forecast 6.17 billion, according to a mean
forecast based on a LSEG compilation of analyst estimates.
The bank said its costs, which have been under investor
scrutiny after unexpectedly heavy spending early last year, rose
to 6.36 billion crowns, marginally below the 6.39 billion in
spending seen by analysts.
($1 = 10.9741 Swedish crowns)
(Reporting by Niklas Pollard, editing by Anna Ringstrom)
((Niklas.Pollard@thomsonreuters.com;))