REFILE-Handelsbanken Q2 operating profit seen down 15 pct

Tue Jul 14, 2009 9:04am EDT
 
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 (Refiles to add '15' to headline
 
 * Q2 results due on July 21 at 0530 GMT 
 * Operating profit seen at 2.92 billion crowns ($372 mln)
 
 STOCKHOLM, July 14 (Reuters) - Following is a table of forecasts for Swedish
bank Handelsbanken's (SHBa.ST) second-quarter results, according to a poll of 17
analysts. (Figures in millions of crowns except earnings per share and dividend
per share in crowns):
 
 Q2
                     Mean  Median    High     Low  No.  Yr ago Change%  Prev.Q
Net interest income    5,363   5,342   5,606   5,083   17   4,494    19.3   5,393
Net commis income      1,693   1,700   1,799   1,515   16   1,706    -0.8   1,739
Fair value result        870     885   1,205     650   16     634    37.2   1,141
Total income           8,114   8,144   8,394   7,710   17   7,199    12.7   8,386
Total costs           -3,627  -3,664  -3,163  -3,877   17  -3,195   -13.5  -3,684
Loan & credit losses  -1,612  -1,517    -824  -3,148   17    -571  -182.3    -896
Operating profit       2,924   2,873   4,599   1,777   17   3,433   -14.8   3,806
Profit for the period  2,115   2,166   2,548   1,520   17   2,478   -14.6   2,765
EPS                     3.39    3.48    4.09    2.44   17    3.96   -14.4    4.43
 
 FY2009
                     Mean  Median    High     Low  No.  Yr ago Change%
Net interest income   21,750  21,727  22,888  20,921   16  19,223    13.1
Net commis income      6,772   6,818   7,214   6,241   15   6,795    -0.3
Fair value result      3,361   3,415   3,875   2,902   15   3,169     6.1
Total income          32,485  32,414  33,478  31,312   16  29,890     8.7
Total costs          -14,607 -14,751 -13,266 -15,523   16 -13,229   -10.4
Loan & credit losses  -7,328  -6,705  -5,465 -12,812   16  -1,605  -356.6
Operating profit      10,488  11,005  12,582   6,365   16  15,326   -31.6
Profit for the period  7,720   8,067   9,311   4,696   16  12,131   -36.4
EPS                    12.36   12.95   14.94    7.53   16   19.46   -36.5
Dividend per share      4.50    5.00    8.50    0.00   12    7.00   -35.7
 
 FY2010
                     Mean  Median    High     Low  No.
Net interest income   22,873  22,921  25,122  21,212   16
Net commis income      6,989   7,030   7,525   6,348   15
Fair value result      2,752   2,800   3,636     984   15
Total income          33,241  33,377  35,122  30,579   16
Total costs          -15,033 -15,148 -13,127 -15,951   16
Loan & credit losses -10,649  -9,701  -6,512 -19,920   16
Operating profit       7,558   7,058  11,818     453   16
Profit for the period  5,621   5,337   8,745     409   16
EPS                     9.02    8.56   14.03    0.66   16
Dividend per share      3.91    3.25    9.50    0.00   12
 
 Of 10 analysts who disclosed their recommendation on the Handelsbanken
share, two were positive, one was neutral and seven were negative.
 Analysts from ABG Sundal Collier, Arctic Securities, Bank of America -
Merrill Lynch, Cheuvreux, Citi, Danske Bank, DNB Nor, Fox-Pitt Kelton, Goldman
Sachs, HQ Bank, JP Morgan, Nordea, Pareto, SEB Enskilda, SP Equity Research,
Swedbank and Ohman Fondkommission contributed to the poll. 
 Data for Reuters Nordics earnings polls is compiled by Inquiry Financial
Europe. For more details on the data, please click on www.ConsensusEstimates.com
 
 (Editing by Dan Lalor)
 ($1 = 7.855 Swedish crowns)

 

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