Volvo Car AB (publ.) (VOLCAR_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Volvo Cars Headquarter here in Torslanda, Gothenburg. My name is Jon Anander from the Investor Relations team here at Volvo Cars and today we're here to present and discuss our second quarter result just released today. With us today we have our President and CEO Håkan Samuelsson and our CFO Fredrik Hansson. The procedure will be as per usual. We will start with the presentation from Håkan and Fredrik and then we will move into Q&A. If you want to ask a question, you can either chat in, use the chat window and write in your question at the bottom of the screen. Or if you prefer to call in, you scan the QR code, register and then press star one one to ask a question. With that, I will give the word to Håkan to start the presentation. Thank you and good morning to all of you listening. I'm here now to present my second quarter, more or less in line with our expectations. a very challenging quarter. So what we saw last quarter is more or less continuing. The volumes are still under pressures and that, of course, influence the pricing on the market. Pricing is, of course, also influenced by new competitors, especially in the EV segment. And on top of that, we are also seeing tariffs for imports into both Europe from China and also from imports Europe to US. So a very challenging environment. So here it's, of course, important to focus on what we can do. And that is really our turnaround program, which we presented already in the last quarter. And that is based on three areas. It is electrification, really utilizing this transformation to create a stronger Volvo. I think the electric market is maybe not growing as fast as we thought some years ago, but it's still growing and it's definitely big enough for Volvo. be successful on that market. Re...