Ronojoy Banerjee
Communications Lead – Finance
Good morning, and a really heat welcome to this Volvo Vehicles press convention, the place we shall be speaking about our first quarter monetary outcomes and our strategic route as an organization.
My identify is Ron. And as at all times, this morning, I am joined by our President and Chief Government, Hakan Samuelsson; our Chief Monetary Officer, Fredrik Hansson; and we’re additionally joined by our Chief Business Officer, Erik Severinson. At first of this press convention, Hakan, Erik and Fredrik will stroll us by means of our efficiency. And thereafter, we’ll throw it open for a question-and-answer spherical.
You possibly can take part within the Q&A round in two methods. [Operator Instructions ] I will come again with extra info forward of the Q&A spherical.
However for now, I will hand it over to you, Hakan.
Hakan Samuelsson
CEO, President & Director
Thanks, Ron, and welcome to the presentation of our quarter 1 consequence. It has been a blended bag quarter. I imply exterior components, extraordinarily turbulent geopolitical state of affairs, tariffs, forex additionally has been adverse for us. Altogether, that has given us a income drop of 12%, 11% quantity drop.
However we have now additionally seen a really profitable inside work with price and money. And that’s actually the explanation why we have now closed the quarter. Regardless of 11% quantity drop, we have now a profitability degree kind of equal to first quarter final yr. And that’s thanks
