April 25, 2018 / 4:50 AM / in 6 months

Handelsbanken first-quarter operating profit lags forecast

STOCKHOLM (Reuters) - Sweden’s Handelsbanken (SHBa.ST) reported first-quarter operating earnings below market expectations on Wednesday as trading results weakened.

FILE PHOTO: A branch of Handelsbanken is seen in Wilmslow, northern England January 12, 2015. REUTERS/Phil Noble

Operating profit in the quarter fell to 5.16 billion Swedish crowns (433.7 million pounds) compared to a year-ago 5.35 billion, undershooting a mean forecast of 5.25 billion seen in a Reuters poll of analysts.

Reporting by Johan Ahlander; editing by Niklas Pollard

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