rewrite this title and make it good for SEOVolvo Car AB (publ.) (VLVOF) Q1 2025 Earnings Call Transcript

Volvo Car AB (publ.) (OTCPK:VLVOF) Q1 2025 Earnings Call April 29, 2025 2:00 AM ET

Company Participants

Ronojoy Banerjee – Investor RelationsHakan Samuelsson – President and Chief Executive OfficerFredrik Hansson – Chief Financial Officer

Conference Call Participants

Pushkar Tendolkar – HSBCHampus Engellau – HandelsbankenNikita Lal – Deutsche BankJose Asumendi – JPMorgan

Ronojoy Banerjee

Good morning, and a very warm welcome to the presentation of Volvo Car’s First Quarter Financial Results for 2025 coming to you live from our headquarters in Gothenburg. My name is Ron. Those were, of course, images of the EX30 rolling off the production line in Ghent, which just started a few days ago.

This morning for the earnings call, we have our President and Chief Executive, Hakan Samuelsson. We have our Chief Financial Officer, Fredrik Hansson. And at the top of this call, Hakan and Fredrik will walk us through our performance. And thereafter, we’ll throw it open for a question-and-answer round. Exactly how you participate in the Q&A round. It should be quite familiar to all of you by now, but I’ll still come back closer to the Q&A session.

But for now, Hakan, I’ll leave the floor to you.

Hakan Samuelsson

Thank you, Ron. So, good morning to all of you. We will tell you today what has happened during the quarter one and also very importantly, what are we acting on to counteract these results. So first, snapshot of the environment. It’s very challenging. I think you can read that every day in the papers. We have a combination of 3 factors. The volume has dropped slightly, especially on the wholesale side, you will learn more about that. That’s negative, of course. Pricing also pressured from new competition, a lot of new electric players on the market, but they are also influencing pricing generally. And on top of that, tariffs moving every day new ideas, but very negative, of course, for