The term of the auditor shall end at the end of the next Annual General Meeting following the election. Furthermore, the company shall have a sustainability reporting assurance provider elected by the Annual General Meeting for the same term as the auditor, to assure the Group’s sustainability reporting. Based on the proposal of the Audit Committee, the Board of Directors has the duty to make a proposal to the Annual General Meeting as to the election and fees of the auditor.
The Company’s auditors, submit the statutory auditor’s report to the company’s shareholders in connection with the company’s financial statements. The auditors also report their findings to the Board Audit Committee on a regular basis and at least once a year to the full Board of Directors. The company’s auditors are also responsible for overseeing and coordinating the auditing of Group companies, as well as for providing assurance on the company’s sustainability reporting, if elected to do so.
At the 2026 Annual General Meeting, PricewaterhouseCoopers Oy was elected as the Company's auditor for the tenth consecutive term, and Samuli Perälä, Authorized Public Accountant, was appointed as the responsible auditor for a third consecutive term. Furthermore, at the 2026 Annual General Meeting, PricewaterhouseCoopers Oy was elected as the Company's sustainability assurance provider for the second consecutive term, and Tiina Puukkoniemi, Authorized Sustainability Auditor, was appointed as the responsible sustainability auditor for a second consecutive term.
Both Outokumpu and PricewaterhouseCoopers Oy acknowledge the requirement stipulating that the auditor be independent of the company being audited. PricewaterhouseCoopers Oy complies with the PwC Network Independence policy, which is based on the International Ethics Standards Board for Accountants’ (IESBA) Code of Ethics for Professional Accountants.
Outokumpu’s Board of Directors’ Audit Committee continuously monitors the non-audit services purchased by the Group from PriceWaterhouseCoopers on a global level. In 2025, the auditors were paid fees totalling EUR 3.4 million, of which the non-auditing services accounted for EUR 0.6 million. The non-audit services fees include EUR 0.2 million relating to assurance of sustainability reporting.