Volvo Car AB (publ.) (VOLCAR_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and a very warm welcome to this Volvo Cars press conference where we will be talking about our first quarter financial results and our strategic direction as a company. My name is Ron and as always this morning I'm joined by President and Chief Executive Håkon Samuelsson, our Chief Financial Officer Frederick Hansen and we're also joined by our Chief Commercial Officer Eric Severinsson. At the start of this press conference, Hakan, Eric and Frederick will walk us through our performance and thereafter we'll throw it open for a question and answer round. You can participate in the Q&A round in two ways. Either you can send in a question via the chat. So then simply type in your question. You should be able to see the chat window at the bottom of your screen, in which case I'll read out the questions on your behalf. you can also have the opportunity to be able to ask a question. Use the link at the bottom of your screen, in which case the operator can help you navigate and we can hear you directly in this room. But I'll come back with more information ahead of the Q&A round. But for now, I'll hand it over to you, Håkan. Thank you, Ron. And welcome to the presentation of our quarter one result. It has been a mixed bag. I mean, external factors, extremely turbulent geopolitical situation, tariffs, currency also has been negative for us altogether. That has given us a revenue drop of 12 percent, 11 percent volume drop. But we have also seen a very successful internal work with the cost and cash. And that is really the reason why we have closed the quarter despite 11% volume drop. We have a profitability level more or less equal to first quarter last year. And that is thanks to the really good progress on factors we can influence and control. Looking into the ...