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Cargotec's governance and management are based on the Finnish Limited Liability Companies Act and Securities Markets Act, as well as the Company’s Articles of Association and Code of Conduct. The Cargotec class B share is listed at Nasdaq Helsinki and the Company complies with the rules and guidelines of Helsinki Stock Exchange and the Finnish Financial Supervision Authority as well as with all the recommendations of the Finnish Corporate Governance Code 2020, published by the Securities Markets Association (

The statutory external audit for the financial period includes auditing of accounting records, financial statements, and administration. In addition to the auditor’s report issued annually, the auditors report to the Board on their audit findings on a regular basis. Cargotec’s financial period is the calendar year.

According to the Articles of Association, the company has at least one and a maximum of two auditors. The auditors must be approved by the Finnish Patent and Registration Office, and the principal auditor must be an authorised public accountant. They are elected annually by the AGM and their assignment expires at the end of the first AGM following the election. 

The AGM of 30 May 2024 elected Ernst & Young Oy as Cargotec’s auditor, in accordance with a proposal by the Board, on the recommendation of the Audit and Risk Management Committee. Heikki Ilkka was appointed the principal auditor by Ernst & Young. Auditors’ fees are compensated against an invoice approved by the company.

In accordance with the EU Corporate Sustainability Reporting Directive (CSRD) and national legislation related thereto, Cargotec Corporation will prepare its first sustainability report for the financial year 2024. The AGM of 30 May 2024 elected authorised sustainability auditor Ernst & Young Oy be elected as the sustainability reporting assurance provider in accordance with Chapter 7, Section 6a of the Finnish Limited Liability Companies Act. Ernst & Young Oy has notified that Heikki Ilkka will act as the responsible sustainability reporting assurance provider. The sustainability reporting assurance provider’s fees will be paid according to an invoice approved by the company.

Auditors' fees

MEUR​ 2023 2022
​Audit fees 3.8 3.5
Tax advice 0.0 0.0
Other services 0.7 1.1

Additional information

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