Audit

Under the Articles of Association, the Shareholders’ meeting elects an audit firm certified by the Finnish Patent and Registration Office as the Company’s auditor. The audit firm appoints the Principal Auditor, who is an Authorized Public Accountant certified by the Finnish Patent and Registration Office.

The auditor’s term of office continues until the next Annual General Meeting after the Auditor’s election. The 2020 Annual General Meeting elected Ernst & Young Oy as the Company’s auditor, with Mikko Rytilahti, APA, acting as the Principal Auditor.

In 2019, the audit fee paid globally to the audit firm totaled EUR 1.4 million. In addition, a total of EUR 0.3 million was paid as fees for tax consultation and EUR 0.3 million for other services.