External audit and sustainability reporting assurance
According to the Articles of Association of Konecranes, the Company must have at least one regular Authorized Public Accountant (APA) as an auditor and one deputy auditor, or alternatively at least one auditing corporation, with an APA auditor as the responsible auditor. The auditors are elected to their office for a term expiring at the end of the Annual General Meeting of shareholders following the election. In addition, an Authorized Sustainability Audit Firm with an Authorized Sustainability Auditor as the responsible sustainability auditor is elected by the Annual General Meeting for a term expiring at the end of the Annual General Meeting of shareholders following the election.
Ernst & Young Oy, Authorized Public Accountant Firm, has been the Company’s external auditor since 2006. Mr. Toni Halonen served as Principal Auditor in 2025 and has been in this position since 2021. In 2025, Ernst & Young Oy was also elected as the sustainability assurance provider of the Company. In 2025, Ernst & Young Oy and its affiliated audit companies received EUR 4.0 million in fees for auditing Konecranes Group companies and EUR 0.5 million of fees for non-audit services. In 2024, the corresponding fees were EUR 3.8 million and EUR 0.5 million.
Konecranes has an obligation to organize an audit firm election procedure in accordance with the EU Audit Regulation concerning the audit for the financial year 2026 (mandatory auditor rotation). As the EU Audit Regulation requires to include a minimum of two candidates in the recommendation of the Audit Committee and the candidates’ possibilities to provide services to Konecranes until the General Meeting deciding on the election are restricted, the Board of Directors proposed that the auditor would be elected for the term of office 2026 already at the Annual General Meeting 2025.
The AGM 2025 elected Deloitte Oy as the Company’s auditor for a term of office commencing at the closing of the Annual General Meeting 2026 and expiring at the closing of the Annual General Meeting 2027. Deloitte Oy has informed the Company that APA Marika Nevalainen will act as the auditor with the principal responsibility. In addition, the AGM approved the Board’s proposal that Deloitte Oy will act as the sustainability assurance provider of the Company for a term of office commencing at the closing of the Annual General Meeting 2026 and expiring at the closing of the Annual General Meeting 2027.