Adds details on EBIT in paragraph 2

STOCKHOLM, Oct 25 (Reuters) – Swedish steelmaker SSAB SSABa.ST reported a smaller than expected drop in third-quarter operating profit on Wednesday, citing weak demand in Europe and a more pronounced than normal seasonal slowdown.

The group’s operating profit fell by 34% to 4.37 billion Swedish crowns ($393.74 million) in the July to September quarter, beating the 3.73 billion crowns expected by analysts on average, according to LSEG data.

(Reporting by Marta Frąckowiak, editing by Terje Solsvik)

((marta.frackowiak@thomsonreuters.com))

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