Volvo Car AB (publ.) (VOLCAR_B) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. It's been two weeks since we revealed the EX60 to the world, and the verdict is loud and emphatic. It is the very best in class, a car that has been designed, engineered, and manufactured right here in Gothenburg, where we are coming to you from this morning. A warm welcome to our fourth quarter of financial results. My name is Ron, and as always, I'm joined by our President and Chief Executive, Hawken Samuelson, and our CFO, Frederick Huntsman. At the top of this earnings call, Hakan and Frederick will walk us through our performance during this period. And thereafter, we'll throw it open for a question and answer round. You can either type in your questions, and I'm going to read them out for you, or simply use the phone lines to call in. But I'll come back with more information closer to the Q&A round. But for now, I hand it to you, Hakan. Good morning. Good morning. And welcome also from me to this quarterly presentation. So if we go back a bit to the year where we started the year, we had a very challenging starting point. We had the sales dropping. We had low profitability and a negative cash flow. So we set out a program really to reset the company and put it on track. And we identified three areas which we'll come back to a bit. And the first one was then profitability. We need to fast bring the company on the track to profitable growth. We defined an 18 billion package. It was seen as very challenging. We thought that internally as well. And we can see now that that has really been done faster than we thought also internally. So we had a good cost saving of... indirect cost and variable cost of around 8 billion, which we have done. We have done cost actions to improve our cash flow. We also introduced a more leaner organization. We reduced the ...