AB Volvo (VOLV_A) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Volvo Group first quarter press conference. Today we'll listen to the presentation from Martin and Mats about the first quarter result and then we'll follow up with the Q&A session later on in the session. So with that short introduction, I hand over to Martin. Thank you for that, Johan. And also from my side, good morning to this quarter one, 2026 press conference. Great to have you here. First and foremost, the group and all colleagues and business partners delivered a solid result in the quarter with an adjusted operating income of 12.2 billion second, a margin of 11%. and continue to demonstrate strong earnings resilience despite that market volumes moderated compared to last year and despite many moving parameters as you're all aware of such as geopolitical turmoil and tariffs. Performance was good across all business areas with a high customer confidence in our products and services reflected in good order intake and low cancellations throughout the quarter. We also launched several new business offerings as well as portfolio moves to further improve our competitive set and enable continued profitable growth. To mention a few examples in the intro here, from the first quarter, we have further reinforced the regional hall and conventional business offerings in North America for Volvo and Mack. Super excited about that. We are continuing to roll out these new offerings. And as you did see also here in the intro movie, Volvo has launched their next generation of battery electric offerings, including also the new FH Aero electric long range with up to 700 kilometer range. which is of course a significant and benchmark step. As regards our company portfolio, we continue to optimize our structure and capital allocation with a number of...