• Volvo Cars posted the transcript of its Q1 2026 earnings press conference held April 29, attended by CEO Hakan Samuelsson, CFO Fredrik Hansson, CCO Erik Severinson.
• Management cited a 12% revenue drop on an 11% retail sales decline, yet held profitability near last year at a 2.2% EBIT margin.
• Cost and cash actions drove a SEK 1.7 billion variable-cost improvement, a SEK 1.4 billion indirect-spend reduction; Q1 cash flow was -SEK 10 billion.
• EX60 production started, with 40,000 units planned this year; order profitability expected to exceed plug-in hybrids despite pricing near PHEV levels.
• Outlook flagged weak US and China demand, tariff headwinds, rising raw materials; management reiterated full-year volume-growth and cash-flow ambitions.

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