Cargotec's Annual Report for 2024 Released
Cargotec Corporation has officially published its annual report for the year 2024, providing comprehensive insights into its financial journey and sustainability efforts. This report is available in both English and Finnish, catering to a broad audience interested in the company's performance and governance practices.
Key Components of the Report
The annual report comprises several critical components, including the annual review, financial review, corporate governance statement, and remuneration report. Notably, the financial review encapsulates the Board of Directors' insights, a sustainability statement, and detailed financial statements accompanied by audit reports.
Sustainability Statement Highlights
The sustainability statement is not just a formality; it adheres to the stringent European Sustainability Reporting Standards (ESRS), reflecting Cargotec's commitment to transparent and accountable business practices. This is increasingly important for stakeholders who prioritize sustainability in their investment decisions.
Technical Compliance and Reporting Standards
Cargotec meets the European Single Electronic Format (ESEF) reporting requirements by documenting the Board of Directors’ report and consolidated financial statements as an XHTML file. This ensures that the primary financial statements are appropriately tagged with XBRL labels, enhancing the accessibility and reliability of the information presented.
Independent Auditor's Assurance
The audit of Cargotec’s ESEF consolidated financial statements was conducted by the reputable Authorised Public Accountant Firm Ernst & Young Oy, following the International Standard on Assurance Engagements ISAE 3000. This independent assurance offers additional credibility to the financial data included in the report, fostering trust among investors and stakeholders alike.
Accessibility of the Report
The annual report and additional materials can be found on the company's official website. Key attachments, such as the GRI Index 2024, enrich the report, offering further insights into Cargotec's sustainability metrics. These documents provide a clearer picture of not just financial performance, but also the environmental and social impacts of Cargotec's operations.
Company Focus and Future Directions
Cargotec's Hiab business unit remains a cornerstone of its operations, recognized as a leader in smart and sustainable road load-handling solutions. With sales of approximately EUR 1.6 billion in 2024 and a dedicated workforce of over 4,000 employees, Hiab exemplifies the company's commitment to innovation and customer satisfaction. Their ongoing endeavors reflect a focus on delivering the best experiences to their customers through engaged partnerships.
Contact Information for Inquiries
For those seeking more information, Cargotec has made its Investor Relations team accessible. Aki Vesikallio, Vice President, Investor Relations, and Tytti McVeigh, Senior Sustainability Manager at Hiab, are available to field inquiries, ensuring clear communication and transparency with investors.
Frequently Asked Questions
What is included in Cargotec's 2024 annual report?
The report features financial and sustainability insights, corporate governance details, and audited financial statements.
Who conducted the audit of Cargotec's financial statements?
The financial statements were audited by Ernst & Young Oy, ensuring compliance with international standards.
How does Cargotec align with sustainability standards?
Cargotec's sustainability statement is developed following the European Sustainability Reporting Standards (ESRS).
Where can investors access the annual report?
The annual report is available on Cargotec's official website, along with additional documentation such as the GRI Index.
What are Cargotec's sales figures for 2024?
Cargotec's total sales for the year 2024 were approximately EUR 1.6 billion, with over 4,000 employees supporting its operations.
