AB Volvo (publ) (VLVLY) Q3 2025 Earnings Call Transcript

**Martin Lundstedt
CEO, President, Member of the Group Executive Board & Director**

Thank you, Johan, for that. And also from my side, welcome everyone.

It is encouraging to see, by the way, the new VNL here. You may have noticed it — perhaps Johan did — most of us here in the studio have, and for everyone listening in via the web, I think you did see the VNL.

Now, while there is a bit of turmoil in the North American market, it’s encouraging to know that we have a great product range coming out just as the market is beginning to turn back.

Coming to this quarter, we are in a period with weaker demand in our key regions, which was anticipated to some extent. Of course, there are also some other factors influencing this.

Especially for North America, there is a high level of uncertainty that we are closely monitoring.
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