AB Volvo (VOLV_A) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Volvo Group first quarter press conference. Today we'll do as always, we'll listen to the presentations by Martin and Mats, and then we'll follow up with the Q&A session. So with that, I hand over to Martin. Thank you, Johan. Thank you for that. And also from my side, welcome everyone to this... Q1 2025 presentation, and I would like to start with saying that it has been a rather eventful time here. That is not an, so to speak, exaggeration, but as we conclude the first quarter also, I would like to take the opportunity to thank everyone that has been involved, customers, business partners, and colleagues. It's more important than ever to work closely together, and that is a strong asset that we have, that we have very close relations. And overall, the underlying activities in many markets during the quarter have been, as a matter of fact, rather stable. But there is of course an elevated level of uncertainty around increased trade barriers and their effect on both local and global economies. For North America in particular, the increased uncertainty means that we are now taking down our forecast for the markets for the full year, both for group trucks and VC. But however, globally, the order intake for the quarter was positive in relation to quarter one last year for all business areas. And that goes also in the different truck business areas. Europe specifically did show a rather positive trend. And we are also proud that Volvo Trucks maintained market leadership in Europe with the market share for the first time actually exceeding 20%, 20.1%. And combined with Renault, the group reached over 30%. And across the group, we have continued to prioritize high quality in the business by focusing on our customers and service operation. I w...